Eccleston Law News and Updates

Opinion: Three Ways Regulators Throw Advisors Under the Bus

July 7th, 2021 at 1:23 PM
Financial services is the only industry where you are guilty after being found innocent.
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Finra Sanctions Ex-LPL Broker Over ‘Outside’ Notary Biz

June 17th, 2021 at 1:27 PM
Finra is “laser-focused” on brokers’ unreported outside business activities, according to James Eccleston, a lawyer in Chicago who often represents brokers.
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Eccleston Law Launches Search to Hire Additional Attorneys Nationwide

April 15th, 2021 at 12:37 PM
The needs of financial advisors for legal services never have been greater.  Advisors have come to realize that they cannot rely upon counsel provided by their firms, due to inherent conflicts of interest.
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Just Saying “No” to Firm-Provided and Conflicted Legal Counsel in Your Transition may avoid problems later

April 14th, 2021 at 3:55 PM
Our recently filed court case of Armstrong and Kiefner vs. Shumaker, Loop & Kendrick, and Michael Taaffe alleges behavior that financial advisors should be aware of in considering whether or not they should have agreed to be represented by legal counsel selected/referred by their new firm in connection with their employment transition.
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Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action

April 1st, 2021 at 9:36 AM
Affidavit of Merit Received in Eccleston Law’s $25 Million Legal Malpractice Action On Behalf of Transitioning Morgan Stanley Advisors Who Retained Michael Taaffe and the Shumaker Loop Firm
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Jim Eccleston Awarded Prestigious Recognition

February 26th, 2021 at 9:13 AM
Jim Eccleston has recived the highest recognition by Martindal Hubbell! 
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CFP Board is the New Sheriff and it Is Not Your Friend

October 24th, 2020 at 10:04 AM
CFPs beware!  As CFP Board has become “a much more partisan organization that markets itself as a credentialing firm...and moves towards its politicization of personal financial planning” (Forbes 9/17/19), CFP Board is enforcing its rules and publicizing its discipline imposed like never before.
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Defending Against a Customer Complaint First Requires Selecting Correct Legal Counsel

October 15th, 2020 at 10:02 AM
Customer complaints and arbitration claims never are good news for financial advisors. But too often advisors go “from the frying pan to the fire” by agreeing to be represented by the legal counsel that their firm recommends or refers.
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GPB Capital Holdings: Special Alert for Your Clients Who Invested

October 3rd, 2020 at 9:58 AM
GPB Capital Holdings, LLC (“GPB Capital”) has come under intense scrutiny and regulatory accusations that it perpetrated a $1.8 billion Ponzi scheme in selling numerous GPB “Funds”.
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America’s Most Honored Lawyers for 2020

September 28th, 2020 at 9:03 AM
James Joseph Eccleston is one of America's Most Honored Lawyers for 2020. 
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Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.


October 27, 2021
Former LPL Advisor Suspended For Completing 22 Trades Absent Client Consent

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former LPL advisor who allegedly completed 22 trades on behalf of a client without obtaining written consent. FINRA has issued a $5,000 fine and has suspended Michael Hartlett for 10 days.

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.