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Tagged with "Eccleston Law"

FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

Posted on August 4th, 2025 at 11:15 AM
FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

The Financial Industry Regulatory Authority (FINRA) has barred former Stifel Financial broker Chuck A. Roberts after a wave of investor complaints linked to his sale of structured products culminated in a $133 million arbitration award and tens of millions in additional settlements.

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FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Posted on August 1st, 2025 at 11:23 AM
FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Nicholas Coubrough, a former wealth advisor with Jefferies Financial Group Inc. in Miami, has been permanently barred from the securities industry following his refusal to cooperate with an investigation by the Financial Industry Regulatory Authority (FINRA).

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Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Posted on July 31st, 2025 at 3:38 PM
Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Florida Attorney General James Uthmeier has launched an aggressive investigation into RAD Diversified REIT, Inc., its subsidiaries, and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for allegedly violating Florida’s Deceptive and Unfair Trade Practices Act and other state laws.

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Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

Posted on July 30th, 2025 at 11:14 AM
Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

A Florida woman faces multiple felony charges for allegedly helping a former Merrill Lynch advisor steal millions from a high-profile NFL client, as reported by AdvisorHub.

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Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Posted on July 29th, 2025 at 12:49 PM
Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Stifel Financial has reached another substantial settlement connected to a controversial structured note strategy promoted by Miami-based broker Chuck A. Roberts.

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SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

Posted on July 28th, 2025 at 11:37 AM
SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

The Securities and Exchange Commission (SEC) has permanently barred Andrew Nash, a Santa Barbara-based investment adviser, from the securities industry after alleging he misappropriated $4.6 million from a client and falsified regulatory filings to cover up the theft.

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Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

Posted on July 25th, 2025 at 1:56 PM
Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

A former Dallas-based broker has settled civil charges with the Securities and Exchange Commission (SEC) after stealing nearly $3 million from his clients over nine years.

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Beware the Hidden Risks Lurking in Option-Income ETFs

Posted on July 24th, 2025 at 11:47 AM
Beware the Hidden Risks Lurking in Option-Income ETFs

Lately, a wave of option-income exchange-traded funds (ETFs) has flooded the market, boasting eye-popping yields as high as 230 percent.

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SEC Bars Brite Advisors USA for Custody Rule Violations and Disclosure Failures

Posted on July 23rd, 2025 at 1:07 PM
SEC Bars Brite Advisors USA for Custody Rule Violations and Disclosure Failures

The Securities and Exchange Commission (“SEC”) has permanently barred Brite Advisors USA, a New York-based investment adviser managing roughly $400 million in assets, from operating in the advisory business.

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Former Advisor Sentenced to Over Eight Years for $17 Million Fraud Scheme

Posted on July 22nd, 2025 at 11:42 AM
Former Advisor Sentenced to Over Eight Years for $17 Million Fraud Scheme

A former financial advisor from Pennsylvania has been sentenced to more than eight years in federal prison for defrauding clients out of over $17 million, including his own widowed aunt.

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LATEST NEWS AND ARTICLES

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October 21, 2026
FINRA Fines and Suspends Former LPL Broker Over Undisclosed Customer Settlement

The Financial Industry Regulatory Authority (FINRA) fined former LPL Financial broker Gregory W.

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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.

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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.