Eccleston Law Blog

SEC Issues Investor Warning Related to Single-Stock ETFs

July 26th, 2022 at 3:32 PM
While the Securities and Exchange Commission (SEC) has regularly updated its regulatory framework to address the introduction of complex exchange-traded products (ETPs), the SEC now is warning investors about single-stock exchange-traded funds (ETFs), which are set to soon hit the market.
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$1.8 Million SEC Judgement Against Advisor Upheld on Appeal

July 25th, 2022 at 1:27 PM
The Securities and Exchange Commission (SEC) has convinced the U.S. Court of Appeals for the Seventh Circuit to uphold a $1.8 million judgment imposed on an advisor accused of fraud.
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Reg BI Lands in Top 15 of Customer Disputes in FINRA Arbitration

July 22nd, 2022 at 12:52 PM
After taking effect nearly two years ago, Regulation Best Interest (Reg BI) has entered the top 15 of FINRA arbitration claims.
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CFP Board Issues 17 Sanctions in its Recent Round of Disciplinary Actions

July 21st, 2022 at 12:55 PM
The Certified Financial Planner Board of Standards (CFP Board) recently issued sanctions against 17 CFP professionals for a host of violations, including attempting to cheat on the CFP exam, failing to pay taxes, and stealing reward points from an employer’s credit card.
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SEC Charges Former LPL Advisor With Misappropriating $1.7 Million

July 20th, 2022 at 2:39 PM
The Securities and Exchange Commission (SEC) has charged a former LPL advisor with misappropriating $1.7 million from at least three clients to cover personal expenses, including the purchase of a house.
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Here’s How FINRA Spent Its Fine Proceeds In 2021

July 19th, 2022 at 1:59 PM
The Financial Industry Regulatory Authority (FINRA) imposed fines worth up to $90.1 million in 2021, which was a substantial increase from the $57 million issued in 2020.
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Notable 2022 Ponzi Schemes

July 18th, 2022 at 3:15 PM
Several notable Ponzi schemes have been uncovered so far in 2022.
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FINRA Orders D.E. Shaw to Pay Former Fund Manager $52 Million in Defamation Suit

July 15th, 2022 at 12:21 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered D.E. Shaw to pay a former fund manager $52 million, which constitutes one of the largest defamation awards in nearly a decade. 
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CFP Board Suspends Advisor Over Improper GWG Bond Sales

July 14th, 2022 at 12:25 PM
The Certified Financial Planner Board of Standards Inc. (CFP Board) has issued an interim suspension against Patrick Egan, who is an advisor at Western International Securities, a firm recently charged by the SEC for violating Regulation Best Interest (Reg BI).
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UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

July 13th, 2022 at 3:33 PM
The Securities and Exchange Commission (SEC) has agreed to a settlement with UBS Financial Services. The firm has agreed to pay $25 million to settle fraud charges pertaining to a complex options trading strategy known as YES, or Yield Enhancement Strategy.
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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.