Tagged with "Eccleston Law"

Veteran Advisor Exits Industry Amid FINRA Probe into UIT Trading Practices

Posted on September 6th, 2024 at 10:00 AM
Veteran Advisor Exits Industry Amid FINRA Probe into UIT Trading Practices

Gregory Alan Corrie, a 30-year industry veteran based in Boise, Idaho, has opted to leave the securities industry rather than cooperate with a FINRA investigation into allegations of improper trading of Unit Investment Trusts (UITs).

Read More »

SEC Freezes Assets of Wells Real Estate Investment and Leaders Amid $56 Million Fraud Allegations

Posted on September 5th, 2024 at 1:47 PM
SEC Freezes Assets of Wells Real Estate Investment and Leaders Amid $56 Million Fraud Allegations

The Securities and Exchange Commission (SEC) has taken emergency action against Wells Real Estate Investment, LLC, its CEO Janalie C. Bingham, and Jean Joseph, a previously convicted felon, for allegedly defrauding investors out of $56 million.

Read More »

UBS Fined $850,000 for Supervisory Failures Leading to Investor Losses

Posted on September 4th, 2024 at 11:29 AM
UBS Fined $850,000 for Supervisory Failures Leading to Investor Losses

FINRA has fined UBS Wealth Management USA $850,000 for failing to supervise an advisor who recommended unauthorized outside investments for over a decade.

Read More »

Wisconsin Financial Advisor Suspended and Fined for Unauthorized Transactions

Posted on September 3rd, 2024 at 10:18 AM
Wisconsin Financial Advisor Suspended and Fined for Unauthorized Transactions

FINRA has suspended and fined Wisconsin financial advisor John E. Pelletier after he executed 16 unauthorized transactions, allowing a client's ex-wife to nearly deplete his individual retirement account (IRA).

Read More »

Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Posted on August 30th, 2024 at 9:01 AM
Advisor Sues Hightower, Alleging Age Discrimination and Unfair Treatment

Glenn Frank, a Massachusetts-based financial advisor, has filed a lawsuit against Hightower Holdings and Lexington Wealth Management, alleging age discrimination and unfair treatment.

Read More »

Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

Posted on August 29th, 2024 at 2:01 PM
Supreme Court Limits SEC's Use of In-House Tribunals in Securities Fraud Cases

As reported by InvestmentNews, the Supreme Court ruled in SEC v. Jarkesy that the SEC must bring actions seeking civil penalties for securities fraud in a court of law, where defendants are entitled to a trial by jury.

Read More »

FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

Posted on August 28th, 2024 at 10:25 AM
FINRA Fines and Suspends Ex-UBS Advisor for Trading in Deceased Client's Account

As reported by AdvisorHub, the Financial Industry Regulatory Authority (FINRA) has fined a former UBS advisor Luis E. Nin $5,000 and suspended him for one month after he placed unauthorized trades in a deceased client’s account.

Read More »

FINRA Bars Former Merrill Lynch Advisor

Posted on August 26th, 2024 at 10:39 AM
FINRA Bars Former Merrill Lynch Advisor

The Financial Industry Regulatory Authority (FINRA) has barred Imdadur “Gino” Rahman, a former Merrill Lynch advisor for multiple compliance violations involving his relationship with an elderly customer.

Read More »

Q2 2024 Securities Filings and Settlements: Key Insights

Posted on August 23rd, 2024 at 1:50 PM
Q2 2024 Securities Filings and Settlements: Key Insights

CRA Insights has prepared its update on Section 10(b) and Section 11 filings and settlements.

Read More »

Brokerages Face Technical Meltdown Amid Market Turmoil

Posted on August 21st, 2024 at 11:42 AM
Brokerages Face Technical Meltdown Amid Market Turmoil

InvestmentNews recently reported that a severe technical glitch disrupted several major online brokerages as investors scrambled to trade amidst a sharp market downturn.

Read More »

TESTIMONIALS

Previous
Next

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

November 4, 2025
FINRA Suspends Former Morgan Stanley Advisor Over $180,000 in Improper Transfers

The Financial Industry Regulatory Authority (FINRA) suspended former Morgan Stanley advisor C.J. Kline for two years and imposed a $5,000 fine for allegedly executing more than $180,000 in improper fund transfers between his personal and brokerage accounts.

November 3, 2025
Former Florida Broker Pleads Guilty in $2.7 Million Investment Fraud and PPP Loan Scheme

Former Florida broker Jared Dean Eakes, 34, of Jacksonville, has pleaded guilty to wire and bank fraud in connection with a $2.7 million investment scam and a separate scheme involving over $4.75 million in fraudulent Paycheck Protection Program (PPP) loans, according to U.S. Attorney Gregory W. Kehoe for the Middle District of Florida.

October 31, 2025
Department of Labor Sued Over Illegitimate Deferred Compensation Opinion Letter

Three former Morgan Stanley advisors filed suit this week against the U.S. Department of Labor (DOL), claiming the agency exceeded its authority and was unduly influenced when it issued an advisory opinion that sought to undermine their deferred compensation claims.