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Tagged with "Eccleston Law"

FINRA Fines and Suspends Advisor for Selling Away and Receiving Client Loans

Posted on June 25th, 2025 at 11:26 AM
FINRA Fines and Suspends Advisor for Selling Away and Receiving Client Loans

The Financial Industry Regulatory Authority (“FINRA”) has sanctioned Jose Antonio “Tony” Navarro for selling unapproved investments and borrowing funds from clients.

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Dr. Cash Sentenced for Defrauding Retirees

Posted on June 24th, 2025 at 10:05 AM
Dr. Cash Sentenced for Defrauding Retirees

Terrence Chalk, an unregistered investment advisor who operated under the alias “Dr. Cash,” has been sentenced to three years in prison for orchestrating a fraudulent investment scheme that defrauded millions from unsuspecting victims.

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FINRA Fines AAG Capital for RILA Exchange Violations

Posted on June 23rd, 2025 at 1:47 PM
FINRA Fines AAG Capital for RILA Exchange Violations

The Financial Industry Regulatory Authority (“FINRA”) has fined AAG Capital $100,000 and ordered the firm to pay nearly $39,000 in restitution after finding it violated Regulation Best Interest (“Reg BI”) by recommending costly registered index-linked annuities (“RILAs") to retail clients in unsuitable product exchanges.

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SEC Charges Former Real Estate CEO in $46 Million Investment Fraud Scheme

Posted on June 19th, 2025 at 11:21 AM
SEC Charges Former Real Estate CEO in $46 Million Investment Fraud Scheme

The Securities and Exchange Commission (“SEC”) has charged Kenneth Mattson, former CEO of LeFever Mattson, with orchestrating a $46 million investment fraud scheme that targeted approximately 200 investors, many of them retired senior citizens
from his church community in California.

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Audit Firms Agree to $46 Million Settlement in GPB Capital Fraud Case

Posted on June 18th, 2025 at 2:09 PM
Audit Firms Agree to $46 Million Settlement in GPB Capital Fraud Case

In a significant development in the GPB Capital fraud litigation, several audit firms have agreed to pay a combined $46 million to settle claims tied to their alleged involvement in the $1.8 billion scheme that impacted roughly 15,000 investors, as reported by DI Wire.

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FINRA Sanctions Former Advisor for Unsuitable Variable Annuity Exchanges

Posted on June 17th, 2025 at 11:40 AM
FINRA Sanctions Former Advisor for Unsuitable Variable Annuity Exchanges

The Financial Industry Regulatory Authority (FINRA) has fined and suspended former broker Thomas Vigil for making unsuitable variable annuity recommendations that resulted in customers paying higher fees.

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GPB Capital Executives Sentenced for Fraud in Private Placement Scheme

Posted on June 16th, 2025 at 1:54 PM
GPB Capital Executives Sentenced for Fraud in Private Placement Scheme

Two former top executives at GPB Capital Holdings received prison sentences for their roles in a years-long investment fraud scheme.

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New York Tax Preparer Charged in $50 Million Ponzi Scheme

Posted on June 13th, 2025 at 11:52 AM
New York Tax Preparer Charged in $50 Million Ponzi Scheme

New York’s Attorney General announced the arrest of Miles Burton Marshall, an upstate New York tax preparer and insurance agent accused of orchestrating a decades-long Ponzi scheme that defrauded nearly 1,000 investors out of more than $50 million.

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Former Morgan Stanley Advisor Banned for Profit-Sharing Scheme and Policy Violations

Posted on June 12th, 2025 at 3:41 PM
Former Morgan Stanley Advisor Banned for Profit-Sharing Scheme and Policy Violations

Joseph A. Eisler has agreed to a permanent ban from the brokerage industry, according to a recent settlement with the Financial Industry Regulatory Authority (“FINRA”).

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CFP Board Announces Certification Fee Increase

Posted on June 10th, 2025 at 10:52 AM
CFP Board Announces Certification Fee Increase

The CFP Board of Directors has approved a $120 increase to the annual certification fee for CFP® professionals, raising the total to $575.

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