Tagged with "Eccleston Law"

KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

Posted on March 14th, 2024 at 10:46 AM
KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

According to a regulatory filing cited by the Dallas Morning News, KBS Real Estate Investment Trust III has raised concerns about its future viability.

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FINRA Implements Reforms to Arbitrator Selection Process

Posted on March 13th, 2024 at 9:34 AM
FINRA Implements Reforms to Arbitrator Selection Process

The Financial Industry Regulatory Authority (“FINRA”) is rolling out reforms to its arbitration forum's panel selection process.

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Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

Posted on March 12th, 2024 at 1:09 PM
Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

Chingyuan "Gary" Chang, a former broker and investment adviser at Morgan Stanley, has been permanently barred from the securities industry by the Securities and Exchange Commission (SEC) for purportedly stealing over $58,000 from four customer accounts.

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Citigroup and Wells Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

Posted on March 11th, 2024 at 1:44 PM
Citigroup and Wells Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

Helen Grace Caldwell, a former Illinois financial advisor with Citigroup and Wells Fargo, is facing federal wire fraud charges for allegedly cheating three clients out of $1.5 million through a fraudulent movie investment scheme.

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SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

Posted on March 8th, 2024 at 10:37 AM
SEC Chair Gensler Addresses AI Challenges and Conflict-of-Interest Proposals

SEC Chair Gary Gensler highlighted the dual nature of artificial intelligence (AI), acknowledging its vast opportunities for humanity while also underscoring its regulatory challenges, particularly concerning conflicts of interest in investing.

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FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

Posted on March 7th, 2024 at 1:26 PM
FINRA Bars Former Edward Jones Advisor Amid Investigation into Alleged Cannabis Ponzi Scheme Involvement

A former Edward Jones advisor, Alexandra P. Bovee (also known as Alexandria Montgomery), has accepted an industry bar rather than cooperate with the Financial
Industry Regulatory Authority's (FINRA) investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.

 

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CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

Posted on March 6th, 2024 at 1:46 PM
CFP Board Survey Reveals Lucrative Compensation for Certified Financial Planners

According to the inaugural compensation survey conducted by the Certified Financial Planner (CFP) Board, financial planners enjoy substantial earnings when they are
Certified Financial Planners (CFPs).

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Mariner Wealth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

Posted on March 5th, 2024 at 11:24 AM
Mariner Wealth Advisors Face Legal Heat as Competitors Allege Aggressive Recruiting Tactics

Mariner Wealth Advisors has recently become the target of multiple lawsuits from competitors, including Edelman Financial Engines, Avantax, and RWA Wealth Partners.

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New York Attorney General Sues Citibank

Posted on March 4th, 2024 at 2:48 PM
New York Attorney General Sues Citibank

New York Attorney General Letitia James has shifted away from her filing a politically motivated action to now file a lawsuit against Citibank, accusing the bank of
inadequately safeguarding customers from online banking scams and refusing to reimburse victims.

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LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

Posted on March 1st, 2024 at 11:34 AM
LPL Financial Agrees to $6 Million Settlement with FINRA Over Regulation Best Interest Lapses

LPL Financial has agreed to pay over $6 million to settle charges by FINRA, alleging violations of Regulation Best Interest in recommending trades involving certain listed business development companies.

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LATEST NEWS AND ARTICLES

September 19, 2025
Financial Advisors Split on AI Adoption

Artificial Intelligence (AI) continues to dominate headlines, promising sweeping efficiencies in nearly every industry. Financial Planning reports that financial advisors remain divided on its role and value.

September 18, 2025
Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

The Easterly ROCMuni High Income Municipal Bond Fund (tickers RMHIX, RMHVX, RMJAX) suffered a significant collapse in mid-2025, wiping out hundreds of millions in value and leaving many investors with steep losses.

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.