Eccleston Law Blog

FINRA Fines Independent Financial Group for Allowing Suspended Broker to Place Trades

November 21st, 2025 at 10:56 AM
The Financial Industry Regulatory Authority (FINRA) issued a censure and $100,000 fine against Independent Financial Group (IFG) after finding that the IFG allowed a suspended and statutorily disqualified broker to continue placing trades.
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Supreme Alliance Fined for Failure to Supervise Variable Annuity Sales

November 20th, 2025 at 4:15 PM
The Financial Industry Regulatory Authority (FINRA) has fined Supreme Alliance $80,000 for failing to supervise recommendations and exchanges involving deferred variable annuities, as well as for failing to document background checks for newly hired registered representatives.
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Lawsuit Accuses Inspired Healthcare Capital of Concealing Insolvency

November 19th, 2025 at 2:06 PM
According to news sources, a new lawsuit alleges that Inspired Healthcare Capital (IHC) and its CEO, Luke Lee, misrepresented the company’s financial health and concealed insolvency from a lender who extended a $1.5 million loan in late 2024.  
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Former FINRA Brokers with Misconduct Histories Flock to Insurance Industry, According to Recent Study

November 18th, 2025 at 3:19 PM
A recent academic study reveals that thousands of brokers expelled from the securities industry for misconduct nonetheless continue to operate under state insurance licenses, often selling annuities and other financial products to unsuspecting clients.
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FINRA Launches Targeted Probe into Small-Cap Foreign IPO Underwriters

November 17th, 2025 at 2:15 PM
The Financial Industry Regulatory Authority (FINRA) has launched a targeted investigation into broker-dealer firms that helped small foreign companies go public in the U.S., marking its latest move to combat pump-and-dump schemes.
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FINRA Bars Former Edward Jones Broker in Crypto-Related Investigation

November 14th, 2025 at 9:32 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Edward Jones representative Robert David Bienvenu for refusing to provide requested information and documents related to outside accounts and investments.
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Conservation Easement Crackdown: Understanding IRS Enforcement and Investor Risk

November 13th, 2025 at 9:20 AM
Conservation easements can serve as powerful legal tools that protect open land, preserve wildlife habitats, and offer legitimate tax benefits to property owners.
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Federal Judge Restrains Former UBS Advisors Amid Solicitation Dispute with Elevation Point

November 12th, 2025 at 9:28 AM
A federal judge in Florida has approved a stipulated order restricting a $1.4 billion advisory team that left UBS Wealth Management USA for RIA Elevation Point from contacting certain clients.
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FINRA Bars Advisor Over Misuse of Client Funds and Not Cooperating

November 11th, 2025 at 9:35 AM
The Financial Industry Regulatory Authority (FINRA) has barred former Raymond James financial advisor Jose A. Gamez after he failed to appear for testimony in connection with allegations that he used client funds for personal purposes.
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FINRA Suspends Former Wells Fargo Broker Over Unapproved Real Estate Venture

November 7th, 2025 at 1:49 PM
The Financial Industry Regulatory Authority (FINRA) suspended former Wells Fargo broker George J. Cairnes for four months and fined him $25,000 for engaging in unapproved real estate outside business activity, according to a settlement letter issued.
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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

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.

February 27, 2026
Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.