Eccleston Law Blog

FINRA Suspends Former Wells Fargo Advisor Over Dead-Man-Trading Violation

April 7th, 2022 at 2:16 PM
The Financial Industry Regulatory Authority (FINRA) has suspended a former Wells Fargo advisor for allegedly completing several trades on behalf of a client without obtaining consent.    
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SEC Bars Advisor Over 1 Global Capital Sales

April 6th, 2022 at 2:20 PM
The Securities and Exchange Commission (SEC) has barred an advisor as well as his firm, which sold $37 million of an investment fraud, 1 Global Capital, between May 2017 and June 2018.    
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Former Citibank Advisor Agrees To Non-Solicit Ban After Departing Morgan Stanley

April 5th, 2022 at 2:06 PM
A former New York-based Citigroup advisor has agreed to a client solicitation ban after recently departing Citigroup to join Morgan Stanley.      
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Judge Splits Late UBS Manager’s Assets Between His Mother and Domestic Partner

April 4th, 2022 at 1:39 PM
A U.S. District Court Judge has ordered the mother and domestic partner of a former UBS Wealth Management complex manager, who died in January 2019 at age 48, to split nearly $649,000 in assets.    
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FINRA Settles With Geneos Over Improper GPB Sales and “Risky” Alternative Mutual Fund

April 1st, 2022 at 2:17 PM
As part of a settlement, the Financial Industry Regulatory Authority (FINRA) has imposed a $150,000 fine on Geneos Wealth Management pertaining to improper sales of GPB private placements and for failing to supervise its advisors’ recommendations of LJM Preservation & Growth Fund, an alternative mutual fund.    
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FINRA Bars Alpine Securities Over Allegations Over Misappropriation and Excessive Fees

March 31st, 2022 at 1:30 PM
The Financial Industry Regulatory Authority (FINRA) has barred a Salt Lake City-based advisory firm, Alpine Securities, from the industry and has ordered the firm to pay nearly $2.3 million in restitution.    
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UBS Seeks TRO Against Wells Fargo Team Who Sent Video Message to Clients

March 30th, 2022 at 2:23 PM
UBS Wealth Management is seeking a temporary restraining order (TRO) against two former advisors who recently joined Wells Fargo and allegedly sent a video message to solicit their former clients.    
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FINRA Settles With Two Advisory Firms Over Improper Sales Of GPB Private Placements

March 29th, 2022 at 12:00 PM
The Financial Industry Regulatory Authority (FINRA) has agreed to settlements with two advisory firms over improper sales of GPB Capital Holdings private placements to investors.    
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FINRA’s Top Five Fine Categories for 2021

March 28th, 2022 at 3:28 PM
The Financial Industry Regulatory Authority (FINRA) issued $91 million in fines in 2021, which constitutes a 60% increase from $57 million in 2020, according to ThinkAdvisor. The 2021 fine total is the highest since 2016 when FINRA imposed $174 million in fines. However, much of FINRA’s 2021 total constitutes Robinhood’s payment of $57 million in fines and $12.6 million in restitution relating to supervisory failures and investor harm.  
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FINRA Bars Former UBS Advisor For Failing To Cooperate In Investigation

March 28th, 2022 at 8:45 AM
The Financial Industry Regulatory Authority (FINRA) has barred a former Minnesota-based UBS advisor after he failed to cooperate with FINRA’s probe into allegations that he recommended that a client invest in “risky” outside businesses, according to the settlement letter.    
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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

March 10, 2026
Northern Trust Faces $35 Million Elder Abuse Lawsuit Over Alleged Trust Theft

Northern Trust faces a lawsuit seeking at least $35 million in damages over allegations that its former vice president stole millions from a $20 million legacy trust belonging to an elderly beneficiary, according to ThinkAdvisor.

March 9, 2026
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The Securities and Exchange Commission (SEC) has alerted investors that fraudsters increasingly rely on relationship-based investment schemes to steal money.

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Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.