Eccleston Law News and Updates

Attorney Eccleston Quoted in Financial Advisor IQ Article

February 28th, 2024 at 3:15 PM
Jim Eccleston was recently quoted in a Financial Advisor IQ article concerning an ex-Hightower advisor suing to escape covenants.
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Attorney Eccleston Quoted in Barron's Article

November 1st, 2023 at 9:46 AM
Attorney Jim Eccleston was recently quoted in a Barron's Article on Goldman Sachs' intent to pursue arbitration after dozens of advisors left the firm following the announcement that its Personal Financial Management unit was being sold to Creative Planning. 
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Welcome Attorney Anthony Bingham

June 26th, 2023 at 9:47 AM
Eccleston Law, LLC is pleased to announce the addition of Attorney Anthony Bingham, expanding the firm’s practice representing financial advisors and investors to Arizona.
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RIAs Increasingly Rely on Non-Competes Borrowed From Broker-Dealers

December 22nd, 2022 at 12:15 PM
Registered investment advisory firms (RIAs) have borrowed a legal tactic from the broker-dealer space, as RIAs increasingly take defectors to court with allegations of non-compete clause violations, according to a recent article published by AdvisorHub. 
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Eccleston Law LLC Investigates Fallout at Firms Fined by the SEC Over Electronic Communications

December 16th, 2022 at 1:34 PM
The SEC charged several broker-dealers with failure to maintain and preserve electronic communications, including text messages, assessing over $1 billion in fines.  According to the SEC press release, “The firms admitted the facts set forth in their respective SEC orders, acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to pay combined penalties of more than $1.1 billion, and have begun implementing improvements to their compliance policies and procedures to settle these matters.”
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Morgan Stanley Seeks to Send Brokers’ Deferred Comp Lawsuit to Arbitration

July 18th, 2022 at 3:33 PM
Morgan Stanley has asked a federal court to stay a proposed class action lawsuit related to its deferred compensation plan and compel 12 of its former brokers who filed the suit to arbitrate their claims.
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Eccleston Law LLC Investigates Recovery Options for NRIA Investors

June 23rd, 2022 at 8:33 AM
Headquartered in Secaucus, NJ, National Realty Investment Advisors (NRIA) recently declared bankruptcy amid investor redemption requests, federal and state investigations, and unsustainable debt.    
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More Ex-Morgan Stanley FAs Demand Deferred Comp — in Arbitration

March 30th, 2022 at 10:02 AM
Eccleston Law is representing 10 ex-Morgan Stanley advisors in their claim over forfeited deferred compensation which was filed last week with FINRA.    
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Morgan Stanley Hit With Another Deferred Compensation Claim

March 29th, 2022 at 12:18 PM
Morgan Stanley’s legal woes over its withholding of deferred compensation from brokers who leave for another firm are multiplying. Attorney James Eccleston stressed that a threat still persists in the federal proposed class action that Morgan Stanley will persuade the court to compel the plaintiffs to arbitrate.          
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DocuSign Use Dooms “Swath” of LPL Brokers

February 17th, 2022 at 10:04 AM
LPL Financial, the largest independent broker-dealer by its sales force of close to 20,000, is terminating “a swath of brokers” over allegations related to their use of electronic signature software DocuSign, according to a lawyer and a recruiter working with affected brokers.
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I am grateful to have found an outstanding law firm that specializes in securities matters. My lawyers were extremely knowledgeable, diligent, and are skilled litigators. No stone was left upturned. As a result of their experience and tenacity, the arbitration proceeding was dismissed in my favor.

Michael E.

LATEST NEWS AND ARTICLES

June 10, 2025
CFP Board Announces Certification Fee Increase

The CFP Board of Directors has approved a $120 increase to the annual certification fee for CFP® professionals, raising the total to $575.

June 9, 2025
Investor Sues Both Schwab and Hightower Over Pledged Asset Line

A retiree has filed a lawsuit accusing Charles Schwab & Co. and Hightower Advisors of financial elder abuse, fraud, and breach of fiduciary duty.

June 6, 2025
FINRA Sanctions Former Broker for Unsuitable, High-Risk GWG Bond Sales

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former advisor for what FINRA alleged were excessively risky investments that left clients exposed to significant losses.