Eccleston Law Blog

SEC Charges Advisors and Their Firm With Reg BI Violations Over Sales of GWG L Bonds

June 24th, 2022 at 10:45 AM
The Securities and Exchange Commission (SEC) has charged Western International Securities and five of its advisors with violating Regulation Best Interest (Reg BI) when they recommended and sold high-risk debt securities known as L Bonds to retirees and other retail investors.
Read More

Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

June 23rd, 2022 at 1:21 PM
A former Credit Suisse advisor has prevailed on a $2.2 million arbitration claim after alleging that the firm improperly withheld his deferred compensation when it discontinued its U.S. brokerage business in 2015.     
Read More

SEC Charges Three Additional Advisors for Recommending Horizon Ponzi Scheme to Investors

June 22nd, 2022 at 1:17 PM
The Securities and Exchange Commission (SEC) has filed suit against Michael Mooney, Britt Wright, and Penny Flippen pertaining to their engagement with a Ponzi scheme, which raised at least $110 million from nearly 400 investors.    
Read More

FINRA Suspends Former Merrill Advisor Who Managed $2 Billion Florida Team

June 21st, 2022 at 1:08 PM
The Financial Industry Regulatory Authority (FINRA) has issued a six-week suspension and a $5,000 fine to a former Merrill Lynch advisor who previously had helped to establish a $2 billion team.    
Read More

Three Former J.P. Morgan Advisors Prevail In $3 Million Transition Dispute

June 20th, 2022 at 3:28 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has denied J.P. Morgan’s claims against three former advisors who allegedly had violated their non-solicitation agreements while transferring to a new firm.    
Read More

SEC Seeks to Have Court Appoint Receiver For GPB Capital

June 17th, 2022 at 12:53 PM
The Securities and Exchange Commission (SEC) has presented a plan to a New York federal judge that would place GPB Capital Holdings into receivership with the objective to return money to what the SEC terms “defrauded investors”.
Read More

UBS Recovers $2.3 Million From Former Advisor But Must Revise Form U-5 Termination Language

June 16th, 2022 at 1:16 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered a former Atlanta-based UBS advisor to repay the firm at least $2.1 million in loans and interest as well as $208,000 in attorneys’ fees.    
Read More

FINRA Arbitrators Order Morgan Stanley and Former Advisor to Pay Damages to Mexican Farmer

June 15th, 2022 at 1:10 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley and a former advisor with the firm to each pay $160,000 in damages to a Mexican farmer for allegedly making improper recommendations.
Read More

Barred Sarasota Advisor Becomes Subject Of GWG Bond Complaint

June 14th, 2022 at 1:23 PM
An advisor who received a Financial Industry Regulatory Authority (FINRA) bar last year and had numerous BrokerCheck “disclosures” has become the main subject of a client complaint alleging negligence over GWG L Bond sales.
Read More

Market Volatility Sparks Heightened Scrutiny of Complex Products Sales

June 13th, 2022 at 1:07 PM
Market volatility can expose financial advisory firms that fail to supervise and ensure their advisors adhere to Regulation Best Interest (Reg BI) rules when they recommend complex products, according to FINRA.
Read More

TESTIMONIALS

Previous
Next

I am so blessed to have you and your dynamic team defending me. Your ethics, forward thinking and strategies are amazing.  You guys are the best group of attorneys in the country that I could hire to handle this complicated case.

Cindy C.

LATEST NEWS AND ARTICLES

December 22, 2025
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

December 19, 2025
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.