Eccleston Law Blog

Pennsylvania Investor Sues Captrust Over $360,000 Phishing Scam Loss

March 25th, 2025 at 1:00 PM
A Pennsylvania investor has filed suit against Captrust Financial Advisors, alleging the firm failed to act swiftly in stopping a scam that drained her retirement savings.
Read More

Merrill Lynch Advisor Sanctioned for Unauthorized Trading

March 24th, 2025 at 2:58 PM
FINRA has fined a former Merrill Lynch advisor $5,000 and suspended the advisor for 30 days for executing unauthorized trades in client accounts.
Read More

SEC Updates Marketing Rule Guidance to Clarify Extracted Performance and Portfolio Metrics

March 21st, 2025 at 2:20 PM
The Securities and Exchange Commission (SEC) has issued updated guidance on its marketing rule, addressing industry concerns regarding net performance requirements, extracted performance, and portfolio characteristics.
Read More

Stifel Loses Raiding Case, Ordered to Pay Over $7 Million in Legal Fees

March 20th, 2025 at 3:59 PM
Stifel Financial has lost its raiding and breach-of-contract claim against a group of advisors who left its Indianapolis office to establish their own firm.
Read More

FINRA Enforcement Actions in 2024: Fines Drop But Cases Increase

March 19th, 2025 at 10:26 AM
The Financial Industry Regulatory Authority (FINRA) imposed $59 million in fines in 2024, reflecting a 35 percent decrease from the previous year, according to an analysis by Eversheds Sutherland.
Read More

Advisor Ordered to Pay $17.7 Million Over unsuitable REIT Sales

March 18th, 2025 at 3:33 PM
A FINRA arbitration panel has ordered former advisor Mark Sam Kolta to pay nearly $17.7 million in damages, plus interest and costs, to his former firm, National Securities, following allegations of breach of contract and unjust enrichment.
Read More

FINRA Disciplinary Actions Rise for the First Time Since 2016

March 17th, 2025 at 11:51 AM
The Financial Industry Regulatory Authority (FINRA) increased its enforcement actions in 2024, marking the first rise in disciplinary cases since 2016, as reported by AdvisorHub.
Read More

Apex Clearing to Pay $3.2 Million in FINRA Settlement Over Securities Lending Violations

March 14th, 2025 at 2:11 PM
Apex Clearing, the clearing arm of Apex Fintech Solutions, has agreed to pay $3.2 million to settle FINRA allegations that it failed to ensure customers received compensation for lending their securities.
Read More

Congress Considers Expanding the Accredited Investor Definition

March 13th, 2025 at 2:30 PM
A recent congressional hearing examined potential reforms to the accredited investor definition, a critical threshold determining who can participate in private market investments.
Read More

GPB Capital Investors May Receive Some Compensation Under Proposed Distribution Plan

March 12th, 2025 at 11:59 AM
GPB Capital Holdings investors have not received returns on their investments since 2018. According to InvestmentNews, after years of litigation, a court-appointed receiver has submitted a plan to return funds to the 17,000 investors who purchased $1.8 billion in GPB limited partnerships.
Read More

TESTIMONIALS

Previous
Next

If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

July 7, 2025
Maryland Bars Financial Advisor Over Excessive Fees and Unsuitable Investments

The Maryland Securities Commissioner has barred financial advisor Timothy Pickett and his firm, Blue Anchor Capital Management, from operating in the securities industry within the state.

July 3, 2025
FINRA Proposes Rule Change to Delay Immediate Sanctions Pending SEC Review

The Financial Industry Regulatory Authority (“FINRA”) has proposed a rule change that would allow broker-dealers and registered representatives to seek a stay of certain disciplinary sanctions before those penalties take effect.

July 2, 2025
SEC Panel Calls for Tighter Limits on RIAs' Mandatory Arbitration Clauses

AdvisorHub reports that the Securities and Exchange Commission’s Investor Advisory Committee has finalized a recommendation urging the Securities and Exchange Commission (“SEC”) to rein in the use of mandatory arbitration clauses by registered investment advisers (“RIA”s).