Eccleston Law Blog

Damage Claims Exceed $24 Million for Stifel Advisor's Note Strategy

August 23rd, 2023 at 1:15 PM
Complaints against an advisor from Miami-based Stifel Nicolaus & Co. are increasing due to a structured note strategy, and additional million-dollar claims have been added to the ongoing concerns.
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FINRA Announces Enhancements to Advisor Expungement Process

August 22nd, 2023 at 1:43 PM
The Financial Industry Regulatory Authority (FINRA) has adopted several reforms to tighten the expungement process and has set an implementation date of October 16.
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SEC Uncovers

August 21st, 2023 at 3:51 PM
Wall Street regulators recently imposed hundreds of millions of dollars in penalties on broker-dealers. The penalties resulted from their failure to detect executives and traders using unofficial communication platforms such as WhatsApp.
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SEC Takes Action Against 11 Wall Street Firms for Record-keeping Violations

August 18th, 2023 at 11:31 AM
The Securities and Exchange Commission (SEC) has charged 11 firms with significant and longstanding failures to uphold electronic communication preservation regulations.
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SEC Charges Fund Administrator Over Ignoring Warning Signs

August 17th, 2023 at 11:44 AM
The Securities and Exchange Commission (SEC) has settled charges against Theorem Fund Services LLC (TFS) for failing to respond to red flags relating to the commission of fraud against a private fund and its investors.
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FINRA Bans Former Raymond James Advisor for Attempting to Deceive Investigators

August 16th, 2023 at 4:02 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former Raymond James advisor. 
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Massachusetts Secretary of the Commonwealth Launches Investigation Into Advisors' Use of AI

August 15th, 2023 at 1:21 PM
Secretary of the Commonwealth, William Galvin, has announced an inquiry by his securities division to investigate the utilization of AI by companies in their interactions with Massachusetts investors.
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FINRA Penalizes Former LPL Advisor for Falsified Signatures

August 15th, 2023 at 8:58 AM
A former LPL Financial advisor, Bradley T. Wastler, has received a ten-month suspension and a $7,500 fine from the Financial Industry Regulatory Authority (FINRA).
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Bankruptcy Court Approves DWG's Reorganization Plan

August 11th, 2023 at 1:13 PM
The Bankruptcy Court for the Southern District of Texas has approved GWG Holdings Inc.'s reorganization plan.
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Fifth Circuit Upholds Conviction of UDF Executives in Securities Fraud Case

August 10th, 2023 at 11:48 AM
In a recent ruling, the Fifth Circuit upheld the conviction of United Development Funding (UDF) executives on multiple charges of wire and securities fraud linked to their operation of a Ponzi scheme.
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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.