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Tagged with "Eccleston Law"

UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

Posted on July 13th, 2022 at 3:33 PM
UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

The Securities and Exchange Commission (SEC) has agreed to a settlement with UBS Financial Services. The firm has agreed to pay $25 million to settle fraud charges pertaining to a complex options trading strategy known as YES, or Yield Enhancement Strategy.

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Infinity Q Founder Charged by SEC For Overvaluing Assets

Posted on July 12th, 2022 at 3:13 PM
Infinity Q Founder Charged by SEC For Overvaluing Assets

Infinity Q, a registered investment adviser with the Securities and Exchange Commission (SEC), oversaw a now-shuttered mutual fund, the Infinity Q Diversified Alpha Fund, as well as a parallel hedge fund, the Infinity Q Volatility Alpha Fund. 

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Municipal Bonds Increasingly Held by Funds Rather Than Retail Investors

Posted on July 12th, 2022 at 8:47 AM
Municipal Bonds Increasingly Held by Funds Rather Than Retail Investors

The percentage of outstanding municipal bonds owned by U.S. retail investors dipped to 40% in the first three months of the year in comparison to 46% in 2020, according to a Municipal Securities Rulemaking Board report.

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Leveraged Municipal Bond Funds Hit With Losses As Bond Market Falters

Posted on July 7th, 2022 at 3:27 PM
Leveraged Municipal Bond Funds Hit With Losses As Bond Market Falters

The recent bond rout has led to substantial losses for leveraged municipal bond funds. 

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FINRA Fines National Securities $9 Million Over GPB and Other Misconduct

Posted on July 6th, 2022 at 11:34 AM
FINRA Fines National Securities $9 Million Over GPB and Other Misconduct

The Financial Industry Regulatory Authority (FINRA) has fined National Securities over a host of issues, including artificially influencing the market for securities it had underwritten and negligently omitting to inform GPB Capital private placement investors that the company had failed to timely file its audited financial statements. 

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Wells Fargo Agrees To $3.75 Million Deal Concluding Ponzi-Aid Dispute

Posted on July 1st, 2022 at 1:16 PM
Wells Fargo Agrees To $3.75 Million Deal Concluding Ponzi-Aid Dispute

Investors who alleged that Wells Fargo aided and abetted a real estate Ponzi scheme have asked a California federal judge for permission to proceed with a $3.75 million settlement.

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FINRA Fines United Planners Over GPB Private Placement Sales

Posted on June 30th, 2022 at 1:18 PM
FINRA Fines United Planners Over GPB Private Placement Sales

The Financial Industry Regulatory Authority (FINRA) has fined United Planners’ Financial Services of America over negligent sales of private placements issued by GPB Capital Holdings.

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J.P. Morgan Advisors Ordered To Pay Former Partner $620,000

Posted on June 29th, 2022 at 1:15 PM
J.P. Morgan Advisors Ordered To Pay Former Partner $620,000

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered a J.P. Morgan team to pay their former partner at least $620,000 over the dissolution of a partnership.

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JP Morgan Manager Reveals Issues Regarding ESG Loan Pitches

Posted on June 28th, 2022 at 3:03 PM
JP Morgan Manager Reveals Issues Regarding ESG Loan Pitches

The market for sustainability-linked loans is still severely prone to “greenwashing”, or investing more time and effort into marketing itself as environmentally friendly rather than actually minimizing its environmental impact, according to one of J.P. Morgan’s managers who often helps to sort through debt that is pitched to the company.

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SEC Investigates A.G. Morgan Financial Advisors and Others For Selling Unregistered Securities

Posted on June 27th, 2022 at 12:49 PM
SEC Investigates A.G. Morgan Financial Advisors and Others For Selling Unregistered Securities

The Securities and Exchange Commission (SEC) is investigating Vincent Camarda, James McArthur, and A.G. Morgan Financial Advisors.

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LATEST NEWS AND ARTICLES

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August 4, 2026
SEC Fines Former LPL Broker $125,000 for Undisclosed Conflicts in Private Securities Offerings

The Securities and Exchange Commission (SEC) has censured a former LPL Financial broker and imposed a $125,000 civil penalty after finding that he failed to disclose conflicts of interest related to private real estate securities offerings that generated nearly $1.5 million in compensation, as reported by AdvisorHub.

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August 3, 2026
FINRA Launches Review of High-Risk Structured Notes Sales and Supervision

The Financial Industry Regulatory Authority (FINRA) has launched a regulatory sweep examining the sale of high-risk structured products, with particular attention on non-principal protected "worst-of" structured notes, according to AdvisorHub.

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July 31, 2026
Former Alabama Financial Advisor Barred After Selling His Practice

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