Tagged with "Eccleston Law"

High Net Worth Investors Surge in Pre-IPO Securities Market

Posted on November 10th, 2023 at 10:55 AM
High Net Worth Investors Surge in Pre-IPO Securities Market

High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.

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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Posted on November 9th, 2023 at 2:20 PM
Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.

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Former Advisor Sanctioned for GPB Capital Sales

Posted on November 8th, 2023 at 4:16 PM
Former Advisor Sanctioned for GPB Capital Sales

The Financial Industry Regulatory Authority (FINRA) has fined and suspended Arni J. Diamond for improperly selling limited partnership units in GPB Automotive Portfolio LP and GPB Waste Management LP.

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Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

Posted on November 7th, 2023 at 1:25 PM
Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

General Electric has reached a $61 million settlement in a protracted lawsuit concerning its 401(k) plan, marking one of the largest settlements in ERISA litigation history.

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Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

Posted on November 6th, 2023 at 1:17 PM
Former Morgan Stanley Advisor Barred by SEC for Misappropriating Client Funds

The Securities and Exchange Commission (SEC) issued an order barring Ronald E. Filoramo, a former Morgan Stanley advisor.

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Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

Posted on November 3rd, 2023 at 1:15 PM
Legal Challenge to FINRA's Constitutionality Dismissed by D.C. Court

An advisor who faced FINRA disciplinary action attempted to stop the proceedings in a D.C. federal court.

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Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Posted on November 2nd, 2023 at 11:29 AM
Morgan Stanley's Strategic Shift - Elevating Grid Hurdles, Trimming Compensation for Small Households

Morgan Stanley Wealth Management has informed its approximately 15,000 advisors that, to maintain their current payout in the upcoming year, many will need to increase their revenue, according to a recent article in AdvisorHub.

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Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

Posted on November 1st, 2023 at 1:17 PM
Former Morgan Stanley Advisor in North Carolina Faces Suspension and Fine for Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) has suspended and fined a former Morgan Stanley advisor in Raleigh, North Carolina.

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Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Posted on October 31st, 2023 at 2:16 PM
Connecticut Investment Advisor Admits Guilt in $2.7M Cherry-picking Scam

Jonathan Vincent Glenn, the CEO of Glenn Capital in Greenwich, Connecticut, pleaded guilty to federal securities fraud charges, facing a potential 25-year prison sentence.

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SEC Examination Priorities in 2024

Posted on October 30th, 2023 at 2:14 PM
SEC Examination Priorities in 2024

The Securities and Exchange Commission (SEC) has issued its 2024 examination priorities to inform investors and registrants about the focal areas, key risks, and examination topics the division intends to emphasize in the coming year.

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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.