Eccleston Law Blog

Silver Star Properties REIT Investigated by SEC

July 19th, 2023 at 1:15 PM
Silver Star Properties REIT Inc. received notice of an investigation by the Securities and Exchange Commission.
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First Republic Deal Adds $151 Billion to JP Morgan’s Wealth Assets

July 18th, 2023 at 3:52 PM
JPMorgan Chase & Co.’s acquisition of First Republic Bank will add $150.9 billion of client assets to JPMorgan’s wealth segment in its Consumer & Community Banking division, according to the company’s earnings report.
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UBS Agrees to Settle Class-Action Municipal Bonds Suit for 2.5 million

July 17th, 2023 at 9:08 AM
In the case Goodman v. UBS Financial Services, 21-cv-18123, U.S. District Court, New Jersey, a federal judge in New Jersey gave preliminary approval to UBS Financial Services’ $2.5 million deal on Wednesday.
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FINRA Bars Illinois Advisor for Failing to Disclose Private Securities Transactions

July 17th, 2023 at 8:51 AM
The Financial Industry Regulatory Authority (FINRA) has barred an Illinois-based representative, David R. Geake, due to allegations of soliciting an elderly couple to invest in a startup he was involved with.
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SEC to Implement New Rules for Money-Market Mutual Funds, Potentially Clashing with Industry Giants

July 13th, 2023 at 11:18 AM
The US Securities and Exchange Commission (SEC) is preparing to enforce a series of new regulations on money-market mutual funds, potentially leading to a confrontation with major players in the $5.5 trillion industry.
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FINRA Bars Former Wells Fargo Broker for Non-Cooperation in Investigation

July 12th, 2023 at 11:45 AM
The Financial Industry Regulatory Authority (FINRA) has barred Brad M. Jacobson, a former broker at Wells Fargo Advisors and a 17-year wirehouse veteran, due to his failure to cooperate with an investigation into his termination.
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FINRA Reports $218 Million Net Loss in 2022; CEO Compensation Surges by 11.5%

July 11th, 2023 at 11:42 AM
According to its annual report, the Financial Industry Regulatory Authority (FINRA) reported a net loss of $218.1 million in 2022, compared to a net profit of $218.8 million in 2021.
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FINRA Penalizes Hightower Securities with $353,000 Fine & Restitution for Violations in Alternative Fund Sales

July 10th, 2023 at 11:46 AM
The Financial Industry Regulatory Authority (FINRA) has censured Hightower Securities, the broker-dealer for Hightower Advisors, a Chicago-based advisory firm.
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SEC Files Charges Against Oregon Residents and Affiliated Entities in $10 Million Ponzi-like Scheme

July 7th, 2023 at 1:11 PM
The Securities and Exchange Commission (SEC) has filed charges against Robert D. Christensen and Anthony M. Matic, residents of Oregon, along with multiple companiesunder their control.
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Merrill Lynch Ends Relationship with 44-Year Veteran in Indianapolis for Policy Violations

July 6th, 2023 at 1:13 PM
Merrill Lynch has ended its association with Bruce McCaw, a highly experienced industry professional who began his career in 1971.
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LATEST NEWS AND ARTICLES

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.

December 17, 2025
Audit Failures, Whistleblower Claims, and Renewed Scrutiny of the Big Four

A series of lawsuits, congressional findings, and high-profile corporate collapses has reignited long-standing concerns about the audit industry’s ability to confront fraud, as reported by Bloomberg Law.

December 16, 2025
Reminders for CFAs in Adhering to Compliance Standard, Client-Disclosure and Conflict Management Requirements

In 2023, the CFA Institute Board of Governors approved targeted revisions to the Standards of Professional Conduct, adding one new standard and updating two others.