Tr?id=566623520170033&ev=PageView&noscript=1

Eccleston Law Blog

FINRA Bars Former LPL and Raymond James Advisor Who Improperly Borrowed $850,000 From Clients

April 12th, 2023 at 1:16 PM
The Financial Industry Regulatory Authority (FINRA) has barred a Chattanooga-based financial advisor who improperly borrowed at least $850,000.
Read More

Blackstone REIT Limited Investor Redemptions in March

April 11th, 2023 at 1:14 PM
Blackstone Real Estate Income Trust, a non-traded real estate investment trust sponsored by Blackstone Group, announced that the company fulfilled only 15% of repurchase requests in March.
Read More

SEC Seeks to Expand “Dealer” Definition to Expand Regulatory Oversight

April 11th, 2023 at 8:47 AM
The Securities and Exchange Commission (SEC) is seeking to expand its definition of “securities dealers”, which has resulted in criticism from various private fund and investment advisors that wish to avoid additional regulatory oversight.
Read More

FINRA Submits Further Revisions To Remote Supervision Proposal

April 6th, 2023 at 3:05 PM
The Financial Industry Regulatory Authority (FINRA) has submitted to the Securities and Exchange Commission (SEC) another revision to one of its two remote supervision proposals. 
Read More

FINRA Warns Firms Regarding Fraudulent Account Transfers

April 5th, 2023 at 1:54 PM
The Financial Industry Regulatory Authority (FINRA) is warning financial advisory firms about a recent increase in fraudulent transfers of client accounts via the Automated Customer Account Transfer Service (ACATS).
Read More

Morgan Stanley Ordered to Pay $782,000 Over Mismanagement of Client’s Estate

April 4th, 2023 at 1:05 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley to pay $782,000 to a client’s estate after the firm allegedly ignored court-ordered limits when permitting a conservator to withdraw from the account.
Read More

Non-Traded REIT Redemptions Exceed 350% of Fundraising in February

April 3rd, 2023 at 1:31 PM
Fundraising among non-traded real estate investment trusts has dipped to $489 million in February 2023, which constitutes the lowest point since August 2020.
Read More

SEC Charges Financial Advisor With Misappropriating Funds From NBA Players

March 31st, 2023 at 1:18 PM
The Securities and Exchange Commission (SEC) has charged a former Morgan Stanley advisor, Darryl Cohen, with misappropriating nearly $1 million from three current and former NBA players over a two-and-a-half-year period.
Read More

Coinbase Receives SEC Wells Notice Regarding Intent to File Suit Over Crypto Offerings

March 30th, 2023 at 1:20 PM
Coinbase Global announced that it has received a Wells Notice from the Securities and Exchange Commission (SEC) declaring the regulator’s intent to file an enforcement action against the cryptocurrency exchange.
Read More

FINRA Suspends Long Island Advisor Over Inaccurate Client Contact Notes

March 29th, 2023 at 2:31 PM
The Financial Industry Regulatory Authority (FINRA) has issued a two-month suspension to a Long Island-based advisor, Derek Rehill, for allegedly recording inaccurate notes related to four phone calls with clients.
Read More

TESTIMONIALS

Previous
Next
Quotes Bigger

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

1780676353 Law
June 5, 2026
Redemption Pressure Mounts Across Private Credit and Non-Traded BDC Market

Investors continued pulling money from private credit and nontraded business development companies ("BDCs") during the first quarter of 2026 as concerns about liquidity and portfolio valuations intensified across the sector, according to reporting by InvestmentNews.

1780588152 Law
June 4, 2026
Former Wells Advisor Alleges Age Discrimination

A former Wells Fargo senior private client financial advisor in Wisconsin has filed a federal lawsuit alleging the firm terminated him because of his age rather than an alleged workplace profanity incident.

1780507151 Law
June 3, 2026
Starwood REIT Suspends Most Redemptions Amid Liquidity Pressure

Starwood Real Estate Income Trust (SREIT) has announced a temporary suspension of its share repurchase program for most investors.