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Tagged with "Eccleston Law"

FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

Posted on January 15th, 2026 at 4:08 PM
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

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FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

Posted on January 14th, 2026 at 11:43 AM
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.

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Florida Man Indicted in $36 Million Investment Fraud Scheme

Posted on January 12th, 2026 at 1:38 PM
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.

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FINRA Sanctions Former Wells Fargo Advisor for Profile Falsification and Unauthorized Trading

Posted on January 9th, 2026 at 11:27 AM
FINRA Sanctions Former Wells Fargo Advisor for Profile Falsification and Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) disciplined former Wells Fargo Advisors broker James E. Holmes III for misconduct tied to his falsifying customer information and unauthorized trading.

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Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

Posted on January 8th, 2026 at 11:21 AM
Georgia Investment Advisor Pleads Guilty to Ponzi Scheme

A former Georgia investment adviser has pleaded guilty to wire fraud after federal prosecutors accused his firm of operating a multiyear Ponzi scheme that cost investors millions of dollars, as reported by Financial Advisor News.

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FINRA Releases 2026 Regulatory Oversight Report, Spotlighting Private Placement Compliance Risks

Posted on January 7th, 2026 at 12:22 PM
FINRA Releases 2026 Regulatory Oversight Report, Spotlighting Private Placement Compliance Risks

The Financial Industry Regulatory Authority (FINRA) released its 2026 Annual Regulatory Oversight Report, responding directly to member feedback and reinforcing its stated mission to protect investors and promote market integrity.

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SEC Halts Review of Ultra-Leveraged ETFs, Citing Risk Limits

Posted on January 6th, 2026 at 11:47 AM
SEC Halts Review of Ultra-Leveraged ETFs, Citing Risk Limits

The U.S. Securities and Exchange Commission (SEC) has stepped in to curb the expansion of ultra-leveraged exchange-traded funds, issuing a series of warning letters that effectively block proposed products designed to deliver three- and five-times the daily returns of stocks, commodities, and cryptocurrencies.

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FINRA Suspends Former UBS Broker Over Personal Credit Card Transfers

Posted on January 5th, 2026 at 2:36 PM
FINRA Suspends Former UBS Broker Over Personal Credit Card Transfers

The Financial Industry Regulatory Authority (FINRA) has sanctioned a former UBS Wealth Management USA broker, Timothy R. Jones.

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FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

Posted on December 22nd, 2025 at 10:01 AM
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

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Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Posted on December 19th, 2025 at 1:03 PM
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

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Merrill Lynch Fined by FINRA for Failing to Report More Than 1,600 Customer Complaints

Merrill Lynch has agreed to pay a $225,000 fine and accept a censure to resolve allegations that it failed to properly identify and report more than 1,600 customer complaints submitted through post-call surveys, according to a Financial Industry Regulatory Authority (FINRA) Acceptance, Waiver and Consent letter ("AWC").