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Tagged with "Eccleston Law"

Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

Posted on April 23rd, 2026 at 12:59 PM
Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

Advisor movement across the wealth management industry accelerated sharply in 2025, with 11,172 experienced financial advisors changing firms, according to reporting by Wealth Management citing the latest Advisor Transition Report from Diamond Consultants.

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DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

Posted on April 21st, 2026 at 2:33 PM
DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

The Department of Labor proposed a rule to expand access to alternative investments in 401(k) plans, with adoption hinging on employer appetite for risk.

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FINRA Suspends Former Cape Securities CCO for Supervision Failures Tied to GWG L Bonds and Complex ETPs

Posted on April 20th, 2026 at 2:03 PM
FINRA Suspends Former Cape Securities CCO for Supervision Failures Tied to GWG L Bonds and Complex ETPs

The Financial Industry Regulatory Authority (FINRA) recently suspended and fined Lester Joel Hochler, the former Chief Compliance Officer of Cape Securities Inc., for failing to reasonably supervise recommendations of speculative debt securities and complex exchange-traded products to retail customers.

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Florida Advisor Sentenced to 90 Months for Foreign Currency Ponzi Scheme and Tax Evasion

Posted on April 17th, 2026 at 11:10 AM
Florida Advisor Sentenced to 90 Months for Foreign Currency Ponzi Scheme and Tax Evasion

A federal court sentenced John A.

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Former Financial Advisor Pleads Guilty to $10 Million Fraud Scheme Targeting Elderly Client

Posted on April 16th, 2026 at 11:27 AM
Former Financial Advisor Pleads Guilty to $10 Million Fraud Scheme Targeting Elderly Client

A former financial advisor has pleaded guilty to wire fraud after orchestrating a scheme that stole nearly $10 million from an elderly client, according to reporting by Financial Advisor News.

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Court Issues Split Ruling in Edelman Advisor Dispute

Posted on April 15th, 2026 at 4:55 PM
Court Issues Split Ruling in Edelman Advisor Dispute

A federal court in Delaware has delivered a mixed decision in a dispute between Edelman Financial Engines and Prime Capital Financial, underscoring the legal limits of restrictive covenants in the advisory space.

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FINRA Seeks Public Comment on Potential Overhaul of Arbitration Rules

Posted on April 14th, 2026 at 11:56 AM
FINRA Seeks Public Comment on Potential Overhaul of Arbitration Rules

The Financial Industry Regulatory Authority (FINRA) has issued Regulatory Notice 26-06, requesting public comments on proposed changes to its arbitration framework.

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SEC Issues Long-Awaited Guidance on Digital Assets

Posted on April 13th, 2026 at 11:40 AM
SEC Issues Long-Awaited Guidance on Digital Assets

The SEC released guidance clarifying how federal securities laws apply to digital assets, a major step toward resolving crypto regulatory uncertainty.

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FINRA Charges Former Pruco Securities Broker With Forging Annuity Applications to Generate Commissions

Posted on April 10th, 2026 at 12:10 PM
FINRA Charges Former Pruco Securities Broker With Forging Annuity Applications to Generate Commissions

The Financial Industry Regulatory Authority (FINRA) has filed a complaint against former Pruco Securities broker Avinesh Shankar, accusing him of forging customer signatures on dozens of annuity applications in order to collect advance commissions.

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Private Credit Funds Face Liquidity Strain as Redemption Requests Surge

Posted on April 9th, 2026 at 12:25 PM
Private Credit Funds Face Liquidity Strain as Redemption Requests Surge

Investor demand for liquidity has intensified across the private credit market, leaving billions in capital temporarily inaccessible due to withdrawal restrictions, according to AdvisorHub.

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If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

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LATEST NEWS AND ARTICLES

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.