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Tagged with "Eccleston Law"

Merrill Lynch and Advisor Settle Court Case for $6 Million After Advisor Allegedly Exploited Grieving Widow

Posted on September 8th, 2026 at 8:22 AM
Merrill Lynch and Advisor Settle Court Case for $6 Million After Advisor Allegedly Exploited Grieving Widow

A financial advisor allegedly exploited a client's grief over the deaths of her father and husband, showering her with attention before persuading her to hand over millions of dollars in gifts, according to reporting by InvestmentNews.

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Texas Investment Adviser Faces Washington State Charges Over Misleading Crypto Portfolio Claims

Posted on September 3rd, 2026 at 2:52 PM
Texas Investment Adviser Faces Washington State Charges Over Misleading Crypto Portfolio Claims

Washington state securities regulators have charged an Austin, Texas registered investment adviser (RIA) and its founder with making misleading statements about the risks tied to one of its model portfolios, which invested heavily in crypto-backed products and volatile exchange-traded funds, according to InvestmentNews.

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Lakers Owner Sells Team for Record $12.5 Billion Amid Federal Probe

Posted on September 2nd, 2026 at 3:22 PM
Lakers Owner Sells Team for Record $12.5 Billion Amid Federal Probe

Guggenheim Partners CEO Mark Walter has sold his majority stake in the Los Angeles Lakers just as federal regulators investigate potential financial improprieties at insurance and annuities companies that he owns, InvestmentNews reports.

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FINRA Proposes New Rules to Fix Unpopular Arbitrator Selection Process

Posted on September 1st, 2026 at 3:49 PM
FINRA Proposes New Rules to Fix Unpopular Arbitrator Selection Process

The Financial Industry Regulatory Authority (FINRA) wants to change how it selects arbitrators when its standard process fails to produce enough available panelists.

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FINRA Suspends Two Former Brokers Over $8 Million Private Securities Transactions

Posted on August 31st, 2026 at 1:49 PM
FINRA Suspends Two Former Brokers Over $8 Million Private Securities Transactions

The Financial Industry Regulatory Authority (FINRA) has suspended two former brokers in Yorba Linda, California, for 10 months and fined each $10,000 over allegations that they participated in the sale of approximately $8 million in promissory notes issued by a private equity fund without their firm's approval, according to AdvisorHub.

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SEC Accuses Goliath Ventures of $425 Million Crypto Investment Ponzi Scheme

Posted on August 28th, 2026 at 4:04 PM
SEC Accuses Goliath Ventures of $425 Million Crypto Investment Ponzi Scheme

The Securities and Exchange Commission (SEC) has filed a civil complaint against Goliath Ventures Inc.

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United Capital Revives Lawsuit Against Osaic

Posted on August 27th, 2026 at 1:34 PM
United Capital Revives Lawsuit Against Osaic

According to AdvisorHub, United Capital Financial Advisors has revived its lawsuit against independent broker-dealer Osaic by filing an amended complaint that reframes the dispute around the alleged misuse of confidential information obtained during Osaic's unsuccessful effort to acquire the firm.

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FINRA Orders WestPark Capital to Pay $520,000 Over GWG L Bond Sales

Posted on August 26th, 2026 at 1:37 PM
FINRA Orders WestPark Capital to Pay $520,000 Over GWG L Bond Sales

The fallout from the collapse of GWG Holdings continues to affect the broker-dealers that sold the company's illiquid L bonds.

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Ameriprise Broker Sues LPL-Affiliated Practice Over Use of "Kindred" Name

Posted on August 25th, 2026 at 1:37 PM
Ameriprise Broker Sues LPL-Affiliated Practice Over Use of

AdvisorHub reports that an Ameriprise Financial broker in Oklahoma has filed a trademark infringement lawsuit against an LPL Financial-affiliated practice over its use of the word "kindred" in its name.

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Sophisticated Voice Phishing Attacks Target Major Wall Street Firms

Posted on August 24th, 2026 at 1:22 PM
Sophisticated Voice Phishing Attacks Target Major Wall Street Firms

According to ThinkAdvisor, hackers recently launched a series of sophisticated cyberattacks against major Wall Street firms, including prominent hedge funds and private equity companies.

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LATEST NEWS AND ARTICLES

1792523173 Law
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.

1792432258 Law
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.

1792164960 Law
October 16, 2026
Ameriprise and Broker Ordered to Pay Edward Jones Nearly $4.8 Million in Trade Secrets Dispute

Ameriprise Financial and broker Cory J.