Eccleston Law Blog

FINRA Accuses Former MML Broker of Cheating on SIE Exam

October 20th, 2025 at 1:32 PM
Regulators have accused a former MML Investors Services-affiliated broker of cheating on the Securities Industry Essentials (SIE) exam, according to a recent Financial Industry Regulatory Authority (FINRA) enforcement complaint.
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FINRA Fines Oak Hills Securities for Private Placement Misconduct

October 17th, 2025 at 12:19 PM
The Financial Industry Regulatory Authority (FINRA) has censured and fined Oak Hills Securities Inc., an Oklahoma City brokerage, for multiple rule violations over five years.
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FINRA Suspends Former Citigroup Advisor Over Undisclosed Business Activities

October 16th, 2025 at 12:08 PM
The Financial Industry Regulatory Authority (FINRA) has suspended former Citigroup representative Maximiliano Ramirez and fined him $5,000 for engaging in undisclosed outside business activities and investments.
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SEC Accuses Florida Insurance Agent of $52 Million Unregistered Securities Scheme

October 15th, 2025 at 11:33 AM
The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Florida insurance agent Charles D. Oliver, alleging he illegally sold about $52 million in unregistered oil and gas securities to roughly 50 retail investors, including retired seniors.
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Morgan Stanley's Termination of Financial Advisor Highlights Scrutiny Over U-5 Filings

October 14th, 2025 at 3:40 PM
Morgan Stanley recently terminated a 25-year industry veteran in Miami, underscoring the heightened scrutiny surrounding U-5 filings and the challenges that accompany them.
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Morgan Stanley Cuts Advisor Deferrals in 2026 Compensation Plan, Boosting Advisor Payouts

October 13th, 2025 at 1:18 PM
Morgan Stanley Wealth Management announced a significant change to its 2026 compensation plan, cutting advisor deferral rates by half while keeping total pay and grid structures largely unchanged.
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Former Two Sigma Quant Researcher Faces Fraud Charges Over Manipulated Models

October 10th, 2025 at 1:45 PM
Federal prosecutors and the Securities and Exchange Commission (SEC) have filed parallel actions against Jian Wu, a former quantitative researcher at Two Sigma Investments, alleging he secretly manipulated algorithmic trading models to boost his own compensation by millions of dollars.
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Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

October 9th, 2025 at 10:26 AM
A dozen former Merrill Lynch advisors who launched their own firm, OpenArc Corporate Advisory, in Atlanta are pushing back against accusations that they orchestrated a “pre-meditated corporate raid.”
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Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

October 8th, 2025 at 3:07 PM
According to ThinkAdvisor, Northern Trust Company has filed suit against former wealth management relationship advisor Christopher Walters, alleging that he engaged in “blatant fraud” and breached his fiduciary duty to both the firm and a longtime client.  
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Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

October 7th, 2025 at 11:05 AM
Tricolor Holdings, a subprime auto lender that combined used-car sales with high-interest financing for borrowers with limited or no credit history, has collapsed into bankruptcy amid a federal investigation into alleged fraud.
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LATEST NEWS AND ARTICLES

January 30, 2026
FINRA Arbitration Panel Orders J.P. Morgan to Amend Form U-5, Flags Potential Pattern of Conduct

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently issued an unusually detailed decision in a dispute between J.P. Morgan Securities and former advisor Joshua David Sappi Biering, shedding rare light on how a firm may deploy - and sometimes abuse - the Form U-5 during advisor departures.

January 29, 2026
OFAC Targets Individual Trustee, Sending a Clear Warning to Fiduciaries and Family Offices

In a rare move, the Office of Foreign Assets Control (OFAC) penalized a former U.S. government official, underscoring that professional gatekeepers can face personal liability for sanctions violations tied to trust administration.

January 28, 2026
FINRA Advances Overhaul of Outside Business Activity Rules to the SEC

FINRA formally has advanced its proposed overhaul of outside business activity (OBA) regulations to the Securities and Exchange Commission.