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Tagged with "Eccleston Law"

Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

Posted on October 8th, 2025 at 3:07 PM
Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

According to ThinkAdvisor, Northern Trust Company has filed suit against former wealth management relationship advisor Christopher Walters, alleging that he engaged in “blatant fraud” and breached his fiduciary duty to both the firm and a longtime client.

 

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Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

Posted on October 7th, 2025 at 11:05 AM
Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

Tricolor Holdings, a subprime auto lender that combined used-car sales with high-interest financing for borrowers with limited or no credit history, has collapsed into bankruptcy amid a federal investigation into alleged fraud.

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Judge Allows Widow's $8 Million FINRA Arbitration Claim Against JPMorgan to Proceed

Posted on October 6th, 2025 at 2:14 PM
Judge Allows Widow's $8 Million FINRA Arbitration Claim Against JPMorgan to Proceed

JPMorgan Chase & Co. failed in its effort to block an 85-year-old widow from pursuing claims in FINRA arbitration over allegations that the bank failed to prevent her son from siphoning more than $8 million from her accounts.

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SEC Charges Pennsylvania Man in $400 Million Ponzi Scheme

Posted on October 3rd, 2025 at 2:10 PM
SEC Charges Pennsylvania Man in $400 Million Ponzi Scheme

The Securities and Exchange Commission (SEC) has charged Daryl F. Heller of Pennsylvania, along with his companies Prestige Investment Group, LLC, and Paramount Management Group, LLC, for operating a Ponzi scheme that caused investor losses of roughly $400 million.

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Mercer Advisors Expands Westward with Two RIA Acquisitions

Posted on October 2nd, 2025 at 2:48 PM
Mercer Advisors Expands Westward with Two RIA Acquisitions

Mercer Advisors has strengthened its presence in the West by acquiring two registered investment advisory firms with offices in Oregon, Idaho, and Southern California.

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New Jersey Investor Sues Advisor and Insurers Over Premium Financing Losses

Posted on October 1st, 2025 at 1:54 PM
New Jersey Investor Sues Advisor and Insurers Over Premium Financing Losses

A New Jersey resident has filed suit against a financial advisor, his firm, two insurance companies, and other parties over losses tied to a premium financing arrangement for life insurance.

 

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SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

Posted on September 30th, 2025 at 3:06 PM
SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.

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SEC Unveils Ambitious Regulatory Agenda

Posted on September 29th, 2025 at 3:03 PM
SEC Unveils Ambitious Regulatory Agenda

The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.

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SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

Posted on September 26th, 2025 at 11:31 AM
SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

Federal regulators say thousands of investors may have lost money in what they allege was a massive Ponzi scheme tied to the Prestige Funds and WF Velocity Funds.

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FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

Posted on September 25th, 2025 at 3:53 PM
FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

The Financial Industry Regulatory Authority (FINRA) has suspended Joseph Kelly, a broker at Spartan Capital Securities, for nine months and ordered him to pay a $10,000 fine and $69,830 in restitution.

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LATEST NEWS AND ARTICLES

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September 30, 2026
SEC Approves FINRA Overhaul of Outside Business Activity Rules

The Securities and Exchange Commission (SEC) has approved FINRA's long-awaited overhaul of the rules governing outside business activities and private securities transactions by financial advisors.

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September 29, 2026
Texas Investment Adviser Sentenced to 11 Years for $35 Million Ponzi Scheme

A federal judge has sentenced Siddharth Jawahar, who operated Texas-based investment adviser Swiftarc Capital, to 11 years in prison for running a $35 million Ponzi scheme.

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September 28, 2026
Red Flags to Watch for in Pre-IPO Investment Scams

Investors considering pre-IPO investments should watch for common warning signs of fraud, according to the Securities and Exchange Commission (SEC).