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Tagged with "Eccleston Law"

Merrill Lynch Highlights AI Risks as FINRA Urges Greater Oversight of Emerging Technology

Posted on February 24th, 2026 at 1:57 PM
Merrill Lynch Highlights AI Risks as FINRA Urges Greater Oversight of Emerging Technology

Merrill Lynch has warned that the expanded use of artificial intelligence and machine learning introduces material operational, compliance, and cybersecurity risks for advisory firms.

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Drive Planning Founder Pleads Guilty to $380 Million Ponzi Scheme

Posted on February 23rd, 2026 at 2:01 PM
Drive Planning Founder Pleads Guilty to $380 Million Ponzi Scheme

Todd Burkhalter, founder and chief executive officer of Drive Planning LLC, has pleaded guilty to wire fraud after admitting he orchestrated a $380 million Ponzi scheme that defrauded more than 2,000 investors.

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Edward Jones Expands Equity-Style Awards to Thousands More Advisors

Posted on February 20th, 2026 at 2:19 PM
Edward Jones Expands Equity-Style Awards to Thousands More Advisors

Edward D. Jones & Co. has expanded eligibility for its “profits interest” award, extending the equity-style incentive to thousands more advisors, according to a Securities and Exchange Commission filing reviewed by AdvisorHub.

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Wall Street Journal Analysis Questions Investor Gains Following DuPont's Decade-Long Breakup

Posted on February 19th, 2026 at 2:07 PM
Wall Street Journal Analysis Questions Investor Gains Following DuPont's Decade-Long Breakup

A Wall Street Journal analysis has raised questions about investor returns following DuPont’s multi-year corporate restructuring, which divided the historic conglomerate into multiple independent companies.

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American Portfolios Ordered to Pay $4.6 Million in Restitution Over Cash Sweep Program Disclosures

Posted on February 18th, 2026 at 10:50 AM
American Portfolios Ordered to Pay $4.6 Million in Restitution Over Cash Sweep Program Disclosures

The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios Financial Services to return $4.6 million to customers and pay monetary sanctions after determining that the firm overcharged investors and failed to properly disclose how it generated revenue through a cash sweep program.

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FINRA Fines Kingswood Capital Partners $150,000 for Supervisory Failures in GWG L Bond Sales

Posted on February 17th, 2026 at 3:47 PM
FINRA Fines Kingswood Capital Partners $150,000 for Supervisory Failures in GWG L Bond Sales

The Financial Industry Regulatory Authority (FINRA) censured and fined San Diego–based broker-dealer Kingswood Capital Partners $150,000 after finding supervisory failures tied to sales of high-risk GWG L bonds.

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FINRA Removes Arbitrators in Stifel Case, Drawing Scrutiny Over Impartiality Standards

Posted on February 16th, 2026 at 11:53 AM
FINRA Removes Arbitrators in Stifel Case, Drawing Scrutiny Over Impartiality Standards

FINRA agreed to remove two potential arbitrators from an upcoming Stifel Financial arbitration tied to former Miami-based broker Chuck Roberts, a move that could carry broad implications for investor arbitration.

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Cetera Fined $1.1 Million Over Supervisory and AML Deficiencies

Posted on February 13th, 2026 at 11:20 AM
Cetera Fined $1.1 Million Over Supervisory and AML Deficiencies

The Financial Industry Regulatory Authority (FINRA) has censured and fined Cetera Financial Group $1.1 million after identifying supervisory system and anti-money laundering (AML) failures across several subsidiary broker-dealers.

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CFTC Signals New Rulemaking for Prediction Markets and Crypto Oversight

Posted on February 12th, 2026 at 3:20 PM
CFTC Signals New Rulemaking for Prediction Markets and Crypto Oversight

The Commodity Futures Trading Commission (CFTC) plans to develop new regulations governing the growing prediction markets industry, Chairman Michael Selig announced, signaling a shift in regulatory strategy.

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Ameriprise Advisor Phishing Incident Potentially Exposes Client Data

Posted on February 11th, 2026 at 1:38 PM
Ameriprise Advisor Phishing Incident Potentially Exposes Client Data

A phishing incident involving an Ameriprise Financial advisor potentially exposed the personal information of hundreds of clients, according to a disclosure posted by the Maine Attorney General’s office.

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LATEST NEWS AND ARTICLES

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April 10, 2026
FINRA Charges Former Pruco Securities Broker With Forging Annuity Applications to Generate Commissions

The Financial Industry Regulatory Authority (FINRA) has filed a complaint against former Pruco Securities broker Avinesh Shankar, accusing him of forging customer signatures on dozens of annuity applications in order to collect advance commissions.

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Private Credit Funds Face Liquidity Strain as Redemption Requests Surge

Investor demand for liquidity has intensified across the private credit market, leaving billions in capital temporarily inaccessible due to withdrawal restrictions, according to AdvisorHub.

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April 8, 2026
FinCEN Imposes $80 Million Penalty on Canaccord for AML Failures

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