Tr?id=566623520170033&ev=PageView&noscript=1

Eccleston Law Blog

FINRA Arbitrators Award Nearly $470,000 To Investors in UBS YES Product

September 21st, 2022 at 1:23 PM
A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered UBS to pay nearly $470,000 to clients who invested in a complex options strategy, known as the YES or Yield Enhancement Strategy. 
Read More

SEC Charges Private Fund Advisor and Owner With Fraud

September 20th, 2022 at 12:01 PM
The Securities and Exchange Commission (SEC) has charged Ramas Capital Management (RCM) as well as its managing partner and owner, Ganesh Betanabhatla, over alleged misrepresentations and breaches of fiduciary duty to a privately-managed fund and its sole investor. 
Read More

State Regulators Warn Investors About The Metaverse

September 19th, 2022 at 12:51 PM
While the metaverse is fake, real fraudsters within the virtual world can cause actual financial harm, according to state securities regulators. 
Read More

SEC Charges Two North Carolina Advisors Over Alleged $75 Million Fraud

September 16th, 2022 at 2:09 PM
The Securities and Exchange Commission (SEC) has charged two North Carolina-based advisors, Gregory Lindberg and Christopher Herwig, with defrauding clients out of at least $75 million through unauthorized trades.
Read More

SEC Charges Hedge Fund Portfolio Manager with Fraud

September 15th, 2022 at 2:55 PM
The Securities and Exchange Commission (SEC) has charged an Oklahoma City-based hedge fund portfolio manager with defrauding investors by making unauthorized trades that caused the fund to lose at least $10 million.
Read More

Terraform Labs Faces Class Action Over TerraUS Failure

September 15th, 2022 at 11:16 AM
Terraform Labs is facing a potential class action suit over the collapse of its TerraUS stablecoin, which generated millions in losses to investors. 
Read More

Former Wisconsin Advisor Receives 84-Month Prison Sentence For Fraud

September 13th, 2022 at 3:39 PM
A former Wisconsin-based advisor has received an 84-month prison sentence for defrauding nearly 100 investors and a bank, according to the Department of Justice. 
Read More

Former David Lerner Advisor Agrees To Settlement Over Proprietary Energy Fund

September 12th, 2022 at 12:55 PM
The Financial Industry Regulatory Authority (FINRA) has agreed to a settlement with a barred David Lerner advisor over the millions of dollars of unpaid distributions owed to investors who purchased a proprietary energy fund prior to energy prices collapsing in 2020.
Read More

FINRA Settles With Kovack Over Failure to Supervise

September 9th, 2022 at 1:11 PM
Kovack Securities over the firm’s failure to supervise one of its unnamed advisors who improperly recommended short-term investments in mutual fund share classes. 
Read More

FINRA Suspends Former Merrill Advisor Over Unauthorized Trades

September 8th, 2022 at 1:48 PM
The Financial Industry Regulatory Authority (FINRA) has issued a 45-day suspension and a $5,000 fine on a former Merrill Lynch advisor who allegedly completed unauthorized trades in three separate client accounts. 
Read More

TESTIMONIALS

Previous
Next
Quotes Bigger

I cannot thank you enough for your efforts. You have proven to be a valuable resource.

Jim T.

LATEST NEWS AND ARTICLES

1785344491 Law
July 29, 2026
Edward Jones Invests in Fintech Firm Focused on Preventing Elder Financial Fraud

Edward D.

1785249991 Law
July 28, 2026
Merrill Lynch Fined by FINRA for Failing to Report More Than 1,600 Customer Complaints

Merrill Lynch has agreed to pay a $225,000 fine and accept a censure to resolve allegations that it failed to properly identify and report more than 1,600 customer complaints submitted through post-call surveys, according to a Financial Industry Regulatory Authority (FINRA) Acceptance, Waiver and Consent letter ("AWC").

1784905692 Law
July 24, 2026
Independent Review Recommends Sweeping Changes to FINRA's Enforcement Program

An independent review commissioned by the Financial Industry Regulatory Authority (FINRA) recommends significant changes to the regulator's enforcement program, including adopting a statute of limitations, expanding due process protections, and providing greater credit to firms that cooperate during investigations, according to AdvisorHub.