Eccleston Law Blog

SEC Charges Hedge Fund Advisor Over Alleged $39 Million Fraud

June 9th, 2022 at 1:01 PM
The Securities and Exchange Commission (SEC) has filed fraud charges against EIA All Weather Alpha Fund I Partners LLC (EIA) and its owner, Andrew Middlebrooks, for allegedly operating a multi-year scheme that involved the misappropriation of investor funds.
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SEC Charges RiverSource Distributors With Improper Switching of Variable Annuities

June 8th, 2022 at 11:23 AM
The Securities and Exchange Commission (SEC) has agreed to a settlement with RiverSource Distributors Inc. for improper switching or replacing of variable annuities. According to the SEC, RiverSource sold variable annuities to retail clients through an affiliated investment advisory firm, Ameriprise Financial Services.    
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When Custodians Defame Investment Advisers to Their Clients In Terminating Investment Manager Service Agreements

June 7th, 2022 at 3:03 PM
SPECIAL ALERT: When custodians defame investment advisers to their clients in terminating investment manager service agreements        
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NASAA Members Approve Model Rule Addressing Unpaid Client Arbitration Awards

June 7th, 2022 at 11:43 AM
The North American Securities Administrators Association (NASAA) and its members have voted to adopt a model rule addressing financial advisory firms that fail to pay customer arbitration awards.    
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FINRA Revives Plan To Design Expungement Arbitrator Roster

June 6th, 2022 at 11:03 AM
The Financial Industry Regulatory Authority (FINRA) has announced that it has approved amendments to a rule creating a roster of arbitrators to hear expungement requests.    
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Wells Fargo Ordered To Pay Former Credit Suisse Advisor Nearly a Million Dollars

June 3rd, 2022 at 1:36 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Wells Fargo to pay $987,300 in compensatory damages to a former Credit Suisse advisor for aiding and abetting Credit Suisse.      
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SEC Obtains Emergency Relief To Halt Alleged Ponzi Scheme

June 3rd, 2022 at 8:40 AM
The Securities and Exchange Commission (SEC) has successfully obtained emergency relief, including asset freezes, against two investment advisory firms and their owners for allegedly selling pre-IPO shares that they did not own.      
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SEC Bars Advisor For Misleading Statements Regarding Woodbridge Securities

June 1st, 2022 at 3:13 PM
The Securities and Exchange Commission (SEC) has barred an advisor who made misleading statements in connection with sales of Woodbridge Securities through two registered investment advisory firms (RIAs).    
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Investor Advocates Push SEC to Investigate Mandatory Arbitration Requirements by RIAs

May 31st, 2022 at 1:10 PM
A coalition of investor advocates has asked the Securities and Exchange Commission (SEC) to investigate the use of mandatory arbitration clauses that RIAs typically include in their customer agreements.    
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FINRA and SEC Officials Reveal Common Pitfalls in Reg BI Exam Sweeps

May 31st, 2022 at 8:50 AM
Regulators have announced their intention to increase the frequency of examinations as they continue to discover spotty compliance even after Regulation Best Interest (“Reg. BI”) became effective two years ago.    
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It was really fun seeing you fight for us. You have an amazing way of thinking out of the box.


 

Beth M.

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.