Tagged with "Eccleston Law"

Former Broker Indicted for $9.7M Ponzi Scheme Involving Fake Bond Investments

Posted on August 25th, 2025 at 2:30 PM
Former Broker Indicted for $9.7M Ponzi Scheme Involving Fake Bond Investments

Federal authorities have indicted former securities broker Edwin Emmett Lickiss Jr., 77, on wire fraud and money laundering charges for allegedly orchestrating a $9.5 million Ponzi scheme involving at least 50 investors.

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Former Fidelity Advisor Indicted for $2 Million Fraud Targeting Former Client

Posted on August 22nd, 2025 at 1:38 PM
Former Fidelity Advisor Indicted for $2 Million Fraud Targeting Former Client

Federal prosecutors have charged former Fidelity Investments advisor Eric James Stone with 10 counts of wire and mail fraud and five counts of money laundering, accusing him of orchestrating a $2 million scheme that exploited a former client for personal gain.

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CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

Posted on August 21st, 2025 at 3:55 PM
CFP Board Faces Criticism for Omitting Key Disclosures from Public Search Tool

The CFP Board promotes its certificants as the “most trusted” financial professionals and directs consumers to its LetsMakeAPlan.org search tool. However, a Financial Planning analysis reveals a significant gap between the Board’s records and those maintained by FINRA’s BrokerCheck database.

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LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

Posted on August 20th, 2025 at 3:14 PM
LPL Financial Faces Lawsuit Over Alleged California Labor Code Violations

LPL Financial is facing a lawsuit in California Superior Court alleging widespread wage and hour violations affecting non-exempt employees across the state.

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UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

Posted on August 19th, 2025 at 4:21 PM
UBS Hit with $737,000 FINRA Arbitration Award Over Mismanaged Tesla Options Strategy

UBS Financial Services has been ordered to pay $737,000 in damages and fees after a former Tesla executive accused the firm of mishandling an options strategy involving his concentrated stock position.

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Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

Posted on August 18th, 2025 at 4:19 PM
Stifel Drops Advisor Chuck Roberts Amid Legal Fallout from Failed Structured Notes Strategy

Stifel Financial Corp. has parted ways with Chuck Roberts, a high-profile financial advisor whose investment strategies have triggered a wave of costly legal complaints.

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FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

Posted on August 15th, 2025 at 1:42 PM
FINRA Bars Former Ameriprise Advisor Over $2.2 Million in Client Loans

The Financial Industry Regulatory Authority (FINRA) has permanently barred former Ameriprise Financial broker Eric A. Dupre for borrowing more than $2.2 million from clients without firm authorization.

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Florida Investment Advisor Accused of Orchestrating $94 Million Fraud Targeting International Clients

Posted on August 14th, 2025 at 1:46 PM
Florida Investment Advisor Accused of Orchestrating $94 Million Fraud Targeting International Clients

Federal prosecutors have charged Andrew Hamilton Jacobus, a former investment adviser based in Fort Lauderdale, Florida, with defrauding international investors of over $94 million over 20 years.

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FINRA Suspends Financial Advisor for Outsourcing Continuing Education Requirements

Posted on August 13th, 2025 at 1:50 PM
FINRA Suspends Financial Advisor for Outsourcing Continuing Education Requirements

The Financial Industry Regulatory Authority (FINRA) has suspended advisor Francis G. Smith for one month and fined him $5,000 after finding he had someone else complete required continuing education (CE) coursework on his behalf.

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Margin Debt Hits $1 Trillion as Investor Risk Appetite Surges

Posted on August 12th, 2025 at 2:13 PM
Margin Debt Hits $1 Trillion as Investor Risk Appetite Surges

According to Barron’s, investors are borrowing against their portfolios at record levels.

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LATEST NEWS AND ARTICLES

March 2, 2026
FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.

February 27, 2026
Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.

February 26, 2026
FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).