Eccleston Law Blog

SEC Charges Angel Oak Capital Advisors with Misleading Investors

August 25th, 2022 at 2:15 PM
The Securities and Exchange Commission (SEC) has charged Angel Oak Capital Advisors and its manager Ashish Negandhi for misleading investors regarding the firm’s fix-and-flip loan securitization’s delinquency rates. 
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FINRA Warns Member Firms of E-Signature Violations

August 24th, 2022 at 1:35 PM
The Financial Industry Regulatory Authority (FINRA) has issued a regulatory notice warning financial advisor firms to closely monitor how advisors utilize third-party digital signature platforms amidst a spike in forgery and falsifications.
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Former Advisor Receives Nearly 22 Years in Prison Over Fake-Annuity Scheme

August 23rd, 2022 at 2:37 PM
A former Ohio-based advisor has received a 22-year prison sentence after being convicted of misappropriating at least $9.3 million from clients.
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Wells Fargo and Former Advisor Ordered to Pay Customers In Churning Dispute

August 22nd, 2022 at 1:39 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Wells Fargo and a former advisor to pay a Pennsylvania couple at least $731,000 over a churning dispute that last nearly five years. 
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FINRA Fines J.P. Morgan Over Failure to Supervise a Former Advisor

August 19th, 2022 at 1:30 PM
The Financial Industry Regulatory Authority (FINRA) has fined J.P. Morgan $200,000 for failing to reasonably supervise a former advisor who made several unsuitable trades in his wealthy grandmother’s account. 
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CFPB Investigates Goldman’s Credit Card Business

August 18th, 2022 at 1:04 PM
Goldman Sachs has announced that the Consumer Financial Protection Bureau (CFPB) is investigating its credit card business. 
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SEC Warns Financial Advisory Firms Regarding Conflicts of Interest Tied to Compensation

August 16th, 2022 at 2:37 PM
The Securities and Exchange Commission (SEC) has sent a warning to financial advisory firms that they must go above and beyond solely disclosing conflicts of interest related to employee pay programs in order to avoid regulatory scrutiny. 
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FINRA Proposal Would Permit Private Homes to Serve as Non-Branch Offices

August 15th, 2022 at 2:22 PM
The Financial Industry Regulatory Authority (FINRA) has filed proposed changes to FINRA Rule 3110 with the Securities and Exchange Commission (SEC).
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SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

August 12th, 2022 at 1:28 PM
The Securities and Exchange Commission (SEC) has charged J.P. Morgan Securities, UBS Financial Services, and TradeStation Securities over deficiencies in their programs designed to prevent client identify theft, which violates the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID.
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FINRA Suspends Former Schwab Advisor for Failing to Disclose Felony Charges

August 11th, 2022 at 2:13 PM
The Financial Industry Regulatory Authority (FINRA) has suspended a former Charles Schwab advisor who allegedly failed to disclose multiple felony charges.
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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.