Tagged with "Eccleston Law"

Revenue Sharing in Wealth Management Continues Despite Criticism

Posted on June 2nd, 2025 at 1:28 PM
Revenue Sharing in Wealth Management Continues Despite Criticism

Revenue sharing remains one of the wealth management industry’s most controversial and opaque practices.

Read More »

Former LPL Advisor Sanctioned by FINRA Over Undisclosed Real Estate Venture

Posted on May 30th, 2025 at 1:43 PM
Former LPL Advisor Sanctioned by FINRA Over Undisclosed Real Estate Venture

FINRA has fined a former LPL Financial advisor and suspended him for three months after allegations surfaced that he operated a real estate development business without his firm’s approval.

Read More »

FINRA Sanctions Former Broker for Undisclosed Private Equity and Securities Activities

Posted on May 29th, 2025 at 9:51 AM
FINRA Sanctions Former Broker for Undisclosed Private Equity and Securities Activities

FINRA has sanctioned former registered representative Thomas A. Rapp for engaging in undisclosed outside business and private securities transactions while associated with M Holdings. The enforcement action stems from a Letter of Acceptance, Waiver and Consent (AWC) Rapp submitted under FINRA Rule 9216, resolving the matter without admitting or denying FINRA’s findings.

Read More »

SEC Charges Three Texas Residents in $91 Million Ponzi Scheme

Posted on May 28th, 2025 at 12:14 PM
SEC Charges Three Texas Residents in $91 Million Ponzi Scheme

The Securities and Exchange Commission (“SEC”) has filed charges against Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner, all Dallas-Fort Worth residents, for orchestrating a Ponzi scheme that raised at least $91 million from over 200 investors.

Read More »

FINRA Opens Examination Into B. Riley's Wealth Management Operations Amid Ongoing Regulatory Pressure

Posted on May 27th, 2025 at 1:39 PM
FINRA Opens Examination Into B. Riley's Wealth Management Operations Amid Ongoing Regulatory Pressure

B. Riley Financial Inc. continues to draw regulatory attention, with the firm recently disclosing that FINRA has launched a cause examination into its wealth management division. According to AdvisorHub, the firm revealed the inquiry in a filing with the U.S. Securities and Exchange Commission.

Read More »

Federal Judge Rejects Vanguard’s $40 Million Class Settlement, Citing Better Outcome Under SEC Deal

Posted on May 23rd, 2025 at 3:00 PM
Federal Judge Rejects Vanguard’s $40 Million Class Settlement, Citing Better Outcome Under SEC Deal

A federal judge has rejected a proposed $40 million class-action settlement with Vanguard, finding that the deal offered little to no real value to harmed investors compared to a separate settlement the firm reached with the Securities and Exchange Commission ("SEC"), according to Barron’s.

Read More »

Morgan Stanley Terminates Veteran Financial Advisor Over Real Estate Deal

Posted on May 22nd, 2025 at 4:14 PM
Morgan Stanley Terminates Veteran Financial Advisor Over Real Estate Deal

Morgan Stanley has terminated advisor Erich A. Canseco, a 17-year industry veteran whose Houston-based team managed $1 billion in assets and earned recognition on Forbes’ 2024 Best-In-State rankings.

Read More »

Wave of ERISA Class Actions Challenges 401(k) Plan Practices

Posted on May 21st, 2025 at 4:11 PM
Wave of ERISA Class Actions Challenges 401(k) Plan Practices

A surge in class action lawsuits under the Employee Retirement Income Security Act (ERISA) is forcing employers to reevaluate how they manage workplace retirement plans.

Read More »

IRS Clarifies Theft Loss Deductions for Scam Victims Amid Rising Fraud Risks

Posted on May 20th, 2025 at 4:10 PM
IRS Clarifies Theft Loss Deductions for Scam Victims Amid Rising Fraud Risks

The IRS has issued new guidance clarifying when victims of financial scams can claim theft loss deductions on their taxes. According to Financial Planning, the guidance offers much-needed direction amid increasingly sophisticated fraud schemes targeting consumers.

Read More »

The Lower Barriers and Higher Risks of Private Market Investing

Posted on May 19th, 2025 at 3:41 PM
The Lower Barriers and Higher Risks of Private Market Investing

Investing in private companies is becoming more accessible—but whether that is a good thing remains up for debate.

Read More »

TESTIMONIALS

Previous
Next

If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

February 6, 2026
Delaware Regulators Fine Kovack Advisors $985,000

Kovack Advisors Inc., the registered investment adviser affiliate of independent broker-dealer Kovack Securities Inc., agreed to pay a $985,000 fine to Delaware securities regulators.

February 5, 2026
FINRA Fines Broker-Dealer for Repeated Form CRS Disclosure Failures

The Financial Industry Regulatory Authority (FINRA) fined VSI Securities Inc., formerly known as Venecredit Securities Inc., $20,000 for failing to accurately disclose the firm’s disciplinary history in its customer relationship summary, known as Form CRS.

February 4, 2026
Investor Redemptions Rise in Nontraded BDCs Amid Credit Concerns

Financial advisors and their clients have increased redemptions from nontraded business development companies (BDCs) following a series of high-profile corporate bankruptcies, according to InvestmentNews. The surge highlights growing investor concern about liquidity and credit exposure within these high-yield but often risky investment ...