Eccleston Law Blog

SEC Charges Former Advisor with $2 Million Fraudulent Scheme

November 21st, 2023 at 1:56 PM
The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.
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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

November 20th, 2023 at 11:40 AM
Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.
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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

November 17th, 2023 at 2:15 PM
The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.
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New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

November 16th, 2023 at 11:52 AM
The Department of Labor (DOL) unveiled its latest retirement security rule, which involves altering the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).
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SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

November 15th, 2023 at 1:16 PM
As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.
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Willis Towers Watson PLC Files Lawsuit Against Alliant, Alleging Employee Poaching

November 14th, 2023 at 2:45 PM
Willis Towers Watson PLC has filed a lawsuit against Alliant Insurance Services Inc. in a federal district court in Richmond, Virginia.
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BREIT's September Performance Records Negative Total Return

November 13th, 2023 at 10:26 AM
Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).
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High Net Worth Investors Surge in Pre-IPO Securities Market

November 10th, 2023 at 10:55 AM
High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.
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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

November 9th, 2023 at 2:20 PM
Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.
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Former Advisor Sanctioned for GPB Capital Sales

November 8th, 2023 at 4:16 PM
The Financial Industry Regulatory Authority (FINRA) has fined and suspended Arni J. Diamond for improperly selling limited partnership units in GPB Automotive Portfolio LP and GPB Waste Management LP.
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LATEST NEWS AND ARTICLES

March 4, 2026
Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.

March 3, 2026
FINRA Suspends Former Stifel Broker Over Costly Account Switching Trades

The Financial Industry Regulatory Authority (FINRA) suspended a former Stifel, Nicolaus & Co.

March 2, 2026
FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.