Tagged with "Eccleston Law"

SEC Charges Individuals in $1.7 Billion Crypto Pyramid Scheme

Posted on March 18th, 2024 at 4:11 PM
SEC Charges Individuals in $1.7 Billion Crypto Pyramid Scheme

The Securities and Exchange Commission (SEC) has filed charges against Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in the
HyperFund crypto asset pyramid scheme, which fraudulently raised over $1.7 billion from global investors.

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FINRA Set to End Temporary Remote Inspection Relief with New Rules

Posted on March 15th, 2024 at 11:52 AM
FINRA Set to End Temporary Remote Inspection Relief with New Rules

The Financial Industry Regulatory Authority (FINRA) announced that it will conclude its temporary relief from in-person inspection requirements, implemented due to the COVID-19 pandemic, on May 31.

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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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LATEST NEWS AND ARTICLES

November 6, 2025
Former Ameriprise Broker Ordered to Pay $2.2 Million for Elder Exploitation

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Eric A. Dupre to pay nearly $2.2 million in damages to his former firm and two customers following allegations of theft and elder exploitation.

November 5, 2025
Former Wells Fargo Representative Suspended for Unauthorized Texting and Obstruction

The Financial Industry Regulatory Authority (FINRA) has suspended former Wells Fargo representative Eyan M. Townsend for one year and fined him $10,000 for using personal text messages to conduct business and attempting to obstruct an internal investigation by deleting those communications.

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.