Eccleston Law Blog

Hartman vREIT XXI Suspends Investor Distributions

February 22nd, 2023 at 4:38 PM
Hartman vREIT XXI announced that its sponsor, Hartman Income REIT Management, has indefinitely suspended investor distributions. 
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SEC Charges Centaurus Financial, Branch Manager, and Advisor Over Unsuitable Recommendations of Complex Structured Securities

February 21st, 2023 at 2:29 PM
The Securities and Exchange Commission (SEC) has agreed to a settlement with Centaurus Financial, branch manager Ricky Mantei, and financial advisor Atul Makharia over unsuitable recommendations of variable interest rate structure products (VRSPs) to certain retail customers. 
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DOJ Probes Silvergate Over FTX, Alameda Research Involvement

February 20th, 2023 at 4:00 PM
U.S. Department of Justice (DOJ) prosecutors have launched a criminal investigation into Silvergate’s dealings with FTX and Alameda Research, including Silvergate’s hosting of accounts tied to Sam Bankman-Fried’s businesses. 
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SEC Uncovers Massive $500 Million Ponzi Scheme

February 17th, 2023 at 2:30 PM
After Las Vegas investigative reporter Jeff German was killed outside his home in September 2022, The Washington Post and the Las Vegas Review-Journal collaborated to complete one of the stories German had planned to pursue prior to his death. 
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FINRA Suspends Two New York Advisors Over Reg BI Violations

February 16th, 2023 at 4:24 PM
The Financial Industry Regulatory Authority (FINRA) has suspended two New York-based advisors for violating Regulation Best Interest (Reg BI). 
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J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

February 15th, 2023 at 4:21 PM
J.P. Morgan has asked a New York state court to issue a temporary restraining order (TRO) barring two of its former advisors from soliciting their former clients.
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SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

February 14th, 2023 at 2:00 PM
The Securities and Exchange Commission (SEC) has ordered Moors & Cabot to pay $2 million to settle allegations that the firm breached its fiduciary duty to its clients by failing to disclose payments it received from clearing brokers. 
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FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

February 13th, 2023 at 2:00 PM
The Financial Industry Regulatory Authority (FINRA) has barred a former UBS financial advisor for allegedly misappropriating millions of dollars from clients. 
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SEC Issues New Warning Regarding Reg BI Compliance Lapses

February 10th, 2023 at 1:54 PM
The Securities and Exchange Commission (SEC) has issued a warning indicating that financial advisory firms are relying on outdated systems to achieve compliance with Regulation Best Interest (Reg BI). 
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Advisor Group Firms Avoid Fines Over Sales Charge Waivers

February 9th, 2023 at 2:28 PM
The Financial Industry Regulatory Authority (FINRA) previously had ordered three Advisor Group financial advisory firms to pay nearly $515,000 in restitution for failing to apply sales charge waivers to certain 529 plan investors during a five-year period. 
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LATEST NEWS AND ARTICLES

January 16, 2026
SEC Signals Sweeping IPO Rule Changes to Ease Path for Smaller Companies

The Securities and Exchange Commission (SEC) plans to overhaul its public offering framework to make it easier for smaller companies to access the public markets, according to remarks SEC Chairman Paul Atkins delivered at the New York Stock Exchange, as reported by Bloomberg Law.

January 15, 2026
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

January 14, 2026
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.