Tagged with "Eccleston Law"

Why Financial Advisors Should Embrace a Niche Market

Posted on July 29th, 2024 at 8:50 AM
Why Financial Advisors Should Embrace a Niche Market

FinancialPlanning recently discussed how focusing on a niche can accelerate growth, especially when advisors promote their focus across all mediums, including websites, social media, and branding.



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Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

Posted on July 26th, 2024 at 9:01 AM
Kentucky Advisor Sues LPL Financial for Alleged Corporate Raid

A Kentucky advisor, Mark Lamkin, has filed a lawsuit against LPL Financial, claiming the independent broker-dealer orchestrated a corporate raid that resulted in the loss of his firm’s entire book of managed assets.

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FINRA Plans Fee Increases Amid Rising Costs and Losses

Posted on July 25th, 2024 at 10:51 AM
FINRA Plans Fee Increases Amid Rising Costs and Losses

The Financial Industry Regulatory Authority (FINRA) has announced plans to raise fees for its approximately 3,300 broker-dealer member firms. According to AdvisorHub, the self-regulator faces soaring costs, as detailed in its annual report published at the end of June.

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Raymond James Settles with Oregon Over Excessive Commissions

Posted on July 24th, 2024 at 1:36 PM
Raymond James Settles with Oregon Over Excessive Commissions

Raymond James recently settled a case with Oregon's Division of Financial Regulation (“DFR”), agreeing to pay nearly $200,000 over allegations of charging excessive commissions to retail investors.

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Former Florida Financial Advisor Charged with $2.7 Million Fraud Scheme

Posted on July 23rd, 2024 at 12:10 PM
Former Florida Financial Advisor Charged with $2.7 Million Fraud Scheme

According to ThinkAdvisor, federal prosecutors have charged former Florida financial advisor Jared Dean Eakes with wire fraud, alleging he scammed clients out of over $2.7 million across multiple states, including Alabama, Arkansas, Florida, Missouri, and elsewhere.

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Financial Advisors Win Arbitration Over "Book of Business" Dispute

Posted on July 22nd, 2024 at 3:02 PM
Financial Advisors Win Arbitration Over

In a lengthy arbitration dispute, two Miami-based financial advisors, Eduardo Augsten and Gustavo Vega, battled over revenue generated from their shared book of business.

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Cambridge Investment Research Faces FINRA Review and SEC Penalties

Posted on July 19th, 2024 at 11:15 AM
Cambridge Investment Research Faces FINRA Review and SEC Penalties

Cambridge Investment Research is under review by FINRA's examination staff and anticipates making a $500,000 restitution payment to certain clients in 2024.

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Financial Institutions Struggle to Combat Rising Authorized Transfer Scams

Posted on July 18th, 2024 at 1:02 PM
Financial Institutions Struggle to Combat Rising Authorized Transfer Scams

According to InvestmentNews, financial institutions are increasingly grappling with authorized transfer scams as scammers become more adept at convincing individuals to transfer funds. Despite prioritizing resources to mitigate those scams, only 50 percent of financial institutions feel confident in their ability to detect and stop fraudulent activities.

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Morgan Stanley Settles Block Trade Investigations for $249 Million

Posted on July 18th, 2024 at 11:39 AM
Morgan Stanley Settles Block Trade Investigations for $249 Million

Morgan Stanley has agreed to pay $249.4 million to resolve criminal and civil investigations into its handling of large stock trades for customers, according to a recent story in The Wall Street Journal.

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FINRA Sanctions CFP for Sharing Exam Content

Posted on July 17th, 2024 at 1:40 PM
FINRA Sanctions CFP for Sharing Exam Content

The Financial Industry Regulatory Authority (FINRA) has fined Certified Financial Planner Joseph Occhipinti $5,000 and suspended him for one month for sharing CFP exam content with others.

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TESTIMONIALS

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If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

March 4, 2026
Modern Fraud Schemes Escalate in Scale and Sophistication

A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.

March 3, 2026
FINRA Suspends Former Stifel Broker Over Costly Account Switching Trades

The Financial Industry Regulatory Authority (FINRA) suspended a former Stifel, Nicolaus & Co.

March 2, 2026
FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.