Tagged with "Eccleston Law"

Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

Posted on June 23rd, 2022 at 1:21 PM
Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

A former Credit Suisse advisor has prevailed on a $2.2 million arbitration claim after alleging that the firm improperly withheld his deferred compensation when it discontinued its U.S. brokerage business in 2015. 

 
 

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Eccleston Law LLC Investigates Recovery Options for NRIA Investors

Posted on June 23rd, 2022 at 8:33 AM
Eccleston Law LLC Investigates Recovery Options for NRIA Investors

Headquartered in Secaucus, NJ, National Realty Investment Advisors (NRIA) recently declared bankruptcy amid investor redemption requests, federal and state investigations, and unsustainable debt.

 
 

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SEC Charges Three Additional Advisors for Recommending Horizon Ponzi Scheme to Investors

Posted on June 22nd, 2022 at 1:17 PM
SEC Charges Three Additional Advisors for Recommending Horizon Ponzi Scheme to Investors

The Securities and Exchange Commission (SEC) has filed suit against Michael Mooney, Britt Wright, and Penny Flippen pertaining to their engagement with a Ponzi scheme, which raised at least $110 million from nearly 400 investors.

 
 

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FINRA Suspends Former Merrill Advisor Who Managed $2 Billion Florida Team

Posted on June 21st, 2022 at 1:08 PM
FINRA Suspends Former Merrill Advisor Who Managed $2 Billion Florida Team

The Financial Industry Regulatory Authority (FINRA) has issued a six-week suspension and a $5,000 fine to a former Merrill Lynch advisor who previously had helped to establish a $2 billion team.

 
 

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Three Former J.P. Morgan Advisors Prevail In $3 Million Transition Dispute

Posted on June 20th, 2022 at 3:28 PM
Three Former J.P. Morgan Advisors Prevail In $3 Million Transition Dispute

A Financial Industry Regulatory Authority (FINRA) arbitration panel has denied J.P. Morgan’s claims against three former advisors who allegedly had violated their non-solicitation agreements while transferring to a new firm.

 
 

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SEC Seeks to Have Court Appoint Receiver For GPB Capital

Posted on June 17th, 2022 at 12:53 PM
SEC Seeks to Have Court Appoint Receiver For GPB Capital

The Securities and Exchange Commission (SEC) has presented a plan to a New York federal judge that would place GPB Capital Holdings into receivership with the objective to return money to what the SEC terms “defrauded investors”.

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UBS Recovers $2.3 Million From Former Advisor But Must Revise Form U-5 Termination Language

Posted on June 16th, 2022 at 1:16 PM
UBS Recovers $2.3 Million From Former Advisor But Must Revise Form U-5 Termination Language

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered a former Atlanta-based UBS advisor to repay the firm at least $2.1 million in loans and interest as well as $208,000 in attorneys’ fees.

 
 

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FINRA Arbitrators Order Morgan Stanley and Former Advisor to Pay Damages to Mexican Farmer

Posted on June 15th, 2022 at 1:10 PM
FINRA Arbitrators Order Morgan Stanley and Former Advisor to Pay Damages to Mexican Farmer

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Morgan Stanley and a former advisor with the firm to each pay $160,000 in damages to a Mexican farmer for allegedly making improper recommendations.

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Barred Sarasota Advisor Becomes Subject Of GWG Bond Complaint

Posted on June 14th, 2022 at 1:23 PM
Barred Sarasota Advisor Becomes Subject Of GWG Bond Complaint

An advisor who received a Financial Industry Regulatory Authority (FINRA) bar last year and had numerous BrokerCheck “disclosures” has become the main subject of a client complaint alleging negligence over GWG L Bond sales.

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Market Volatility Sparks Heightened Scrutiny of Complex Products Sales

Posted on June 13th, 2022 at 1:07 PM
Market Volatility Sparks Heightened Scrutiny of Complex Products Sales

Market volatility can expose financial advisory firms that fail to supervise and ensure their advisors adhere to Regulation Best Interest (Reg BI) rules when they recommend complex products, according to FINRA.

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LATEST NEWS AND ARTICLES

September 23, 2025
SEC Sanctions Emerson Equity and Advisor Over GWG L Bond Sales

The Securities and Exchange Commission (SEC) has announced settlements with Emerson Equity and one of its registered representatives, citing violations of Regulation Best Interest (Reg BI) tied to the sale of GWG Holdings Inc. L bonds.

September 22, 2025
Investors Pursue Recovery Amid Inspired Healthcare Capital Difficulties

Investors in Inspired Healthcare Capital (IHC) face mounting losses after the firm suspended distributions and halted new offerings in July 2025 amid an ongoing SEC review.

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.