Eccleston Law Blog

Morgan Stanley Expected To Soon Resolve Due Diligence Backlog

February 6th, 2023 at 12:44 PM
Morgan Stanley is expected to resolve an issue pertaining to financial advisors whose client accounts have been recently entangled in a due diligence backlog. 
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SEC Charges Wisconsin Financial Advisor For Allegedly Defrauding Senior Investors

February 3rd, 2023 at 2:00 PM
The Securities and Exchange Commission (SEC) has charged a Wisconsin-based financial advisor, Anthony Liddle, with misappropriating $1.9 million from at least 13 investors.
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Clients Increase Their Demands to Cash Out of REITs Amidst Potential Recession

February 2nd, 2023 at 1:50 PM
Investors collectively have rushed to cash out of some non-traded real estate investment trusts (REITs) during the fourth quarter, which has boosted the demand to redeem shares of net asset value REITs by $1 billion, according to investment bank Robert A. Stanger & Co. 
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Crypto Lender Genesis Files For Bankruptcy

February 1st, 2023 at 12:56 PM
Cryptocurrency lender Genesis Global LLC has filed for bankruptcy as the crypto crisis spreads following FTX’s recent meltdown. 
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Former LPL Advisor Receives 8-Year Prison Sentence For Misappropriation of Client Funds

January 31st, 2023 at 1:30 PM
A former LPL financial advisor recently was sentenced to more than eight years in prison, or 100 months, for his role in a scheme that misappropriated $2.8 million from six clients. 
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Silvergate Shares Skyrocket Amidst FTX Meltdown

January 30th, 2023 at 12:54 PM
Silvergate Capital share prices increased after the company announced its fourth-quarter results, even after FTX’s collapse, which forced Silvergate to fire staff and sell assets.
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SEC Files Suit Against Gemini and Genesis Over Crypto โ€œEarnโ€ Program

January 27th, 2023 at 1:46 PM
The Securities and Exchange Commission (SEC) has filed suit against two crypto brokerages, Genesis Global Capital and Gemini Trust Co., for breaching federal securities laws. 
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FINRA Releases 2023 Report on Its Examination and Risk Monitoring Program

January 26th, 2023 at 3:39 PM
The Financial Industry Regulatory Authority (FINRA) recently released its 2023 Report on FINRA’s Examination and Risk Monitoring Program.
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J.P. Morgan Accuses Advisor Of Improperly Transferring Clients to Morgan Stanley in His Transition

January 25th, 2023 at 2:10 PM
J.P. Morgan has asked a court for a temporary injunction to stop a former advisor from transferring clients during his transition to his new firm, Morgan Stanley. 
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SEC Charges Samuel Bankman-Fried With Using FTX To Defraud Crypto Investors

January 24th, 2023 at 2:57 PM
The Securities and Exchange Commission (SEC) has charged Samuel Bankman-Fried with operating a scheme to defraud equity investors in FTX Trading Ltd. 
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LATEST NEWS AND ARTICLES

September 18, 2025
Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.