Eccleston Law Blog

Large GPB Fund Posts Revenue and Income Growth

May 26th, 2022 at 10:42 AM
After considerable delay, GPB Capital Holdings finally has released financial statements to its investors regarding one of its largest funds.    
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Allianz Pleads Guilty to Fraud and Agrees to Pay $5.8 Billion

May 25th, 2022 at 10:41 AM
A unit of Allianz SE has agreed to plead guilty to securities fraud and pay $5.8 billion in fines and restitution following the collapse of a relatively low-risk pool of investment funds amidst pandemic volatility.    
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Edward Jones Files Motion to Dismiss $15 Million Book of Business Lawsuit

May 24th, 2022 at 12:13 PM
A former Edward Jones advisor has filed suit against Edward Jones over a $15 million book of business.    
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FINRA Suspends Former Morgan Stanley Advisor Who Solicited Venture Capital Investment

May 23rd, 2022 at 3:09 PM
The Financial Industry Regulatory Authority (FINRA) has suspended a former Morgan Stanley advisor for allegedly misleading investors regarding a private placement sold by the firm.        
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SEC Bars Michigan Advisor Who Misappropriated $314,000 From Elderly Client

May 23rd, 2022 at 8:33 AM
The Securities and Exchange Commission has barred an advisor who allegedly misappropriated nearly $305,000 from an elderly client and additionally overcharged the client at least $9,000 in advisory fees.    
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UBS Advisor Joins U.S. Capital After Contentious Compliance Review

May 19th, 2022 at 1:48 PM
A UBS Wealth Management advisor who generated $3 million in annual revenue has joined U.S. Capital Wealth Advisors, which is a regional Texas-based firm run by a former UBS manager.    
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Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

May 18th, 2022 at 2:31 PM
Financial advisors who chose to double down on GWG are having second thoughts.    
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Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

May 17th, 2022 at 1:57 PM
A California dermatologist, who also is a Focus Financial Partners board member, has filed a $7 million arbitration claim against J.P. Morgan over pandemic-related losses in a managed account.    
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UBS Alleges Former Texas Advisor Stole $17 Million From Clients

May 17th, 2022 at 8:46 AM
UBS Wealth Management alleges that one of its former Texas-based advisors stole nearly $17 million from clients as part of a scheme that ran almost 25 years.    
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FINRA Arbitration Claims Decline

May 13th, 2022 at 12:20 PM
Fewer investors have been filing arbitration claims to recover their investment losses. However, industry experts anticipate that the case count may climb, if not skyrocket, later this year due to recent market volatility.    
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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.