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Tagged with "Eccleston Law"

FINRA Arbitration Panel Orders &Partners and Broker to Pay Wells Fargo $1.25 Million

Posted on June 9th, 2026 at 2:04 PM
FINRA Arbitration Panel Orders &Partners and Broker to Pay Wells Fargo $1.25 Million

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered &Partners and broker David M.

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FINRA Sanctions Oppenheimer for Misclassified Client Statements Involving CMOs

Posted on June 8th, 2026 at 1:34 PM
FINRA Sanctions Oppenheimer for Misclassified Client Statements Involving CMOs

The Financial Industry Regulatory Authority (FINRA) has fined and censured Oppenheimer & Co.

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Redemption Pressure Mounts Across Private Credit and Non-Traded BDC Market

Posted on June 5th, 2026 at 12:19 PM
Redemption Pressure Mounts Across Private Credit and Non-Traded BDC Market

Investors continued pulling money from private credit and nontraded business development companies ("BDCs") during the first quarter of 2026 as concerns about liquidity and portfolio valuations intensified across the sector, according to reporting by InvestmentNews.

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Former Wells Advisor Alleges Age Discrimination

Posted on June 4th, 2026 at 11:49 AM
Former Wells Advisor Alleges Age Discrimination

A former Wells Fargo senior private client financial advisor in Wisconsin has filed a federal lawsuit alleging the firm terminated him because of his age rather than an alleged workplace profanity incident.

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Starwood REIT Suspends Most Redemptions Amid Liquidity Pressure

Posted on June 3rd, 2026 at 1:19 PM
Starwood REIT Suspends Most Redemptions Amid Liquidity Pressure

Starwood Real Estate Income Trust (SREIT) has announced a temporary suspension of its share repurchase program for most investors.

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SEC Charges California Trader in Alleged $43 Million Ponzi-Like Scheme

Posted on June 2nd, 2026 at 11:49 AM
SEC Charges California Trader in Alleged $43 Million Ponzi-Like Scheme

The Securities and Exchange Commission (SEC) has filed a civil action against a California day trader accused of operating a $43 million Ponzi-like scheme that allegedly defrauded more than 400 investors.

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Massachusetts Regulators Fine Fidelity $1.25 Million Over Data Breach Allegations

Posted on June 1st, 2026 at 11:49 AM
Massachusetts Regulators Fine Fidelity $1.25 Million Over Data Breach Allegations

Massachusetts regulators has fined Fidelity Brokerage Services $1.25 million over allegations that the firm failed to adequately protect customer information and properly notify all affected individuals following a significant data breach.

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SEC Investigating Fraud Allegations in Private Credit Industry

Posted on May 29th, 2026 at 2:34 PM
SEC Investigating Fraud Allegations in Private Credit Industry

The Securities and Exchange Commission (SEC) actively is investigating allegations of fraud involving private credit firms, signaling continued regulatory scrutiny of the rapidly expanding sector.

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FINRA Adopts New Rules to Accelerate Arbitration for Elderly and Vulnerable Investors

Posted on May 28th, 2026 at 2:21 PM
FINRA Adopts New Rules to Accelerate Arbitration for Elderly and Vulnerable Investors

The Financial Industry Regulatory Authority (FINRA) has adopted amendments to its Code of Arbitration Procedure to expedite arbitration proceedings for certain eligible parties, according to regulatory updates.

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FINRA Sanctions Cambridge Investment Research for Supervisory Failure in Variable Annuity Exchanges

Posted on May 27th, 2026 at 1:06 PM

The Financial Industry Regulatory Authority (FINRA) has censured Cambridge Investment Research and ordered the firm to pay nearly $280,000 after finding that it failed to properly supervise variable annuity exchanges, according to AdvisorHub.

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1792523173 Law
October 20, 2026
FINRA Orders American Portfolios to Pay $1.6 Million Over Unit Investment Trust Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios, the broker-dealer later absorbed into Osaic, to pay more than $1.6 million in restitution and fines over failures to supervise financial advisors who repeatedly recommended that customers sell unit investment trusts (UITs) before maturity.

1792432258 Law
October 19, 2026
FINRA Bars Former LPL Broker Over Alleged $1.7 Million Customer Theft

The Financial Industry Regulatory Authority (FINRA) has barred former LPL Financial broker Rudy Anguiano after finding that he converted more than $1.7 million from two customers, according to AdvisorHub.

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.