Tagged with "Eccleston Law"

Unregistered Broker Faces SEC Charges for Illegally Selling Securities

Posted on September 11th, 2023 at 11:31 AM
Unregistered Broker Faces SEC Charges for Illegally Selling Securities

The Securities and Exchange Commission (SEC) has charged Blake Cathey with unlawfully selling securities of Florida-based Accanito Equity LLC, Accanito Equity II LLC, Accanito Equity III LLC, and Accanito Equity IV LLC to retail investors.

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Morgan Stanley Ordered to Pay $1.8 Million to Investor

Posted on September 7th, 2023 at 4:08 PM
Morgan Stanley Ordered to Pay $1.8 Million to Investor

In a recent decision, three arbitrators from the Financial Industry Regulatory Authority (FINRA) ordered Morgan Stanley to pay $1.8 million in damages to a former customer.

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Pennsylvania Financial Advisor Terminated Following Lawsuit

Posted on September 6th, 2023 at 3:42 PM
Pennsylvania Financial Advisor Terminated Following Lawsuit

LPL Financial has terminated John A. Dougherty following his being sued for allegedly over-leveraging an investor's account using a $5 million securities-based loan and assisting him in an external investment.

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Wells Fargo Resolves SEC Dispute Over Advisory Fees

Posted on September 5th, 2023 at 1:18 PM
Wells Fargo Resolves SEC Dispute Over Advisory Fees

The Securities and Exchange Commission (SEC) announced charges against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, “Wells Fargo”).

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Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

Posted on September 1st, 2023 at 2:13 PM
Class-Action Lawsuit Filed Against Schwab and TD Ameritrade

Charles Schwab and TD Ameritrade face a lawsuit for a data breach connected to the ongoing cyberattack targeting the MOVEit file-transfer software.

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Investment Advisors Brace for Influx of New Rules and Regulatory Changes

Posted on August 31st, 2023 at 1:08 PM
Investment Advisors Brace for Influx of New Rules and Regulatory Changes

The Securities and Exchange Commission's (SEC) announcement in May 2021 about enforcing a landmark marketing rule, approved by the agency the previous December, caused a considerable stir among investment advisers.

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Weighing the Upsides and Downsides of Alternative Investments

Posted on August 30th, 2023 at 1:09 PM
Weighing the Upsides and Downsides of Alternative Investments

In its 2023 Financial Advisor Survey, iCapital surveyed 400 U.S. registered financial professionals. Those professionals, who either use or are considering using alternatives within the coming year, are exploring ways to diversify beyond traditional 60/40 portfolios.

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SEC Accuses Investment Fund of Engaging in Deceptive Practices

Posted on August 29th, 2023 at 4:13 PM
SEC Accuses Investment Fund of Engaging in Deceptive Practices

The Securities and Exchange Commission (SEC) has brought settled charges against Summitcrest Capital Inc. and its principals, Johnny Tseng and Kevin Zhang, alleging that they engaged in an offering fraud via their real estate investment fund, SC Development Fund LLC.

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SEC Takes Action Against Advisor for Operating with Revoked Registration

Posted on August 28th, 2023 at 1:12 PM
SEC Takes Action Against Advisor for Operating with Revoked Registration

The Securities and Exchange Commission (SEC) has barred an investment adviser representative from conducting business.

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Goldman Launches Initiative to Address Gaps Following Fed Oversight

Posted on August 24th, 2023 at 11:27 AM
Goldman Launches Initiative to Address Gaps Following Fed Oversight

Goldman Sachs Group Inc. is experiencing a hiring spree due to a new wave of regulatory scrutiny in the US.

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TESTIMONIALS

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

February 9, 2026
FINRA Orders Osaic Unit to Pay Over $5 Million for Misleading Bank Deposit Program Disclosures

The Financial Regulatory Authority (FINRA) ordered independent broker-dealer Osaic and its acquired firm, American Portfolios Financial Services, to pay more than $5 million after finding that American Portfolios misled customers about how it calculated fees in its bank deposit program.

February 6, 2026
Delaware Regulators Fine Kovack Advisors $985,000

Kovack Advisors Inc., the registered investment adviser affiliate of independent broker-dealer Kovack Securities Inc., agreed to pay a $985,000 fine to Delaware securities regulators.

February 5, 2026
FINRA Fines Broker-Dealer for Repeated Form CRS Disclosure Failures

The Financial Industry Regulatory Authority (FINRA) fined VSI Securities Inc., formerly known as Venecredit Securities Inc., $20,000 for failing to accurately disclose the firm’s disciplinary history in its customer relationship summary, known as Form CRS.