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Tagged with "eccleston"

Former Two Sigma Quant Researcher Faces Fraud Charges Over Manipulated Models

Posted on October 10th, 2025 at 1:45 PM
Former Two Sigma Quant Researcher Faces Fraud Charges Over Manipulated Models

Federal prosecutors and the Securities and Exchange Commission (SEC) have filed parallel actions against Jian Wu, a former quantitative researcher at Two Sigma Investments, alleging he secretly manipulated algorithmic trading models to boost his own compensation by millions of dollars.

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Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

Posted on October 9th, 2025 at 10:26 AM
Former Merrill Lynch Advisors Fight Allegations of Corporate Raid

A dozen former Merrill Lynch advisors who launched their own firm, OpenArc Corporate Advisory, in Atlanta are pushing back against accusations that they orchestrated a “pre-meditated corporate raid.”

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Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

Posted on October 8th, 2025 at 3:07 PM
Northern Trust Sues Former Advisor for Alleged Fraud and Breach of Fiduciary Duty

According to ThinkAdvisor, Northern Trust Company has filed suit against former wealth management relationship advisor Christopher Walters, alleging that he engaged in “blatant fraud” and breached his fiduciary duty to both the firm and a longtime client.

 

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Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

Posted on October 7th, 2025 at 11:05 AM
Tricolor Bankruptcy Sparks DOJ Probe and Distress in Subprime Auto Loan Market

Tricolor Holdings, a subprime auto lender that combined used-car sales with high-interest financing for borrowers with limited or no credit history, has collapsed into bankruptcy amid a federal investigation into alleged fraud.

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Judge Allows Widow's $8 Million FINRA Arbitration Claim Against JPMorgan to Proceed

Posted on October 6th, 2025 at 2:14 PM
Judge Allows Widow's $8 Million FINRA Arbitration Claim Against JPMorgan to Proceed

JPMorgan Chase & Co. failed in its effort to block an 85-year-old widow from pursuing claims in FINRA arbitration over allegations that the bank failed to prevent her son from siphoning more than $8 million from her accounts.

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SEC Charges Pennsylvania Man in $400 Million Ponzi Scheme

Posted on October 3rd, 2025 at 2:10 PM
SEC Charges Pennsylvania Man in $400 Million Ponzi Scheme

The Securities and Exchange Commission (SEC) has charged Daryl F. Heller of Pennsylvania, along with his companies Prestige Investment Group, LLC, and Paramount Management Group, LLC, for operating a Ponzi scheme that caused investor losses of roughly $400 million.

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Mercer Advisors Expands Westward with Two RIA Acquisitions

Posted on October 2nd, 2025 at 2:48 PM
Mercer Advisors Expands Westward with Two RIA Acquisitions

Mercer Advisors has strengthened its presence in the West by acquiring two registered investment advisory firms with offices in Oregon, Idaho, and Southern California.

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New Jersey Investor Sues Advisor and Insurers Over Premium Financing Losses

Posted on October 1st, 2025 at 1:54 PM
New Jersey Investor Sues Advisor and Insurers Over Premium Financing Losses

A New Jersey resident has filed suit against a financial advisor, his firm, two insurance companies, and other parties over losses tied to a premium financing arrangement for life insurance.

 

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SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

Posted on September 30th, 2025 at 3:06 PM
SEC Fines Vanguard $19.5 Million for Disclosure Failures in Advisor Compensation Program

The Securities and Exchange Commission (SEC) has censured and fined Vanguard Advisers $19.5 million, alleging the firm failed to properly disclose financial incentives tied to its Personal Advisor Services (PAS) program.

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SEC Unveils Ambitious Regulatory Agenda

Posted on September 29th, 2025 at 3:03 PM
SEC Unveils Ambitious Regulatory Agenda

The Securities and Exchange Commission (SEC) has released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions, signaling a sweeping shift in rulemaking priorities.

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LATEST NEWS AND ARTICLES

1775574785 Law
April 7, 2026
SEC Charges Long Island RIA and Executives in $138 Million Private Fund Scheme

A Long Island-based registered investment adviser and two of its senior executives now face parallel civil and criminal proceedings tied to an alleged scheme involving conflicted private fund investments, as reported by InvestmentNews.

1775496481 Law
April 6, 2026
FINRA Arbitration Panel Orders Fidelity to Pay $1.3 Million Over Structured Product Disputes

A Financial Industry Regulatory (FINRA) arbitration panel has ordered Fidelity Brokerage Services to pay approximately $1.3 million to two groups of clients who alleged misconduct tied to structured product investments, according to ThinkAdvisor.

1775253477 Law
April 3, 2026
FINRA Enforcement Trends Show Higher Monetary Sanctions Despite Fewer Cases in 2025

The Financial Industry Regulatory Authority (FINRA) increased total monetary sanctions in 2025, even as the number of enforcement actions declined.