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Tagged with "eccleston"

SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

Posted on September 26th, 2025 at 11:31 AM
SEC and DOJ Target $770 Million Prestige Funds Ponzi Scheme

Federal regulators say thousands of investors may have lost money in what they allege was a massive Ponzi scheme tied to the Prestige Funds and WF Velocity Funds.

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FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

Posted on September 25th, 2025 at 3:53 PM
FINRA Suspends Spartan Capital Broker for Excessive Trading Violations

The Financial Industry Regulatory Authority (FINRA) has suspended Joseph Kelly, a broker at Spartan Capital Securities, for nine months and ordered him to pay a $10,000 fine and $69,830 in restitution.

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How New CCOs Can Navigate Today's Compliance Challenges

Posted on September 24th, 2025 at 2:15 PM
How New CCOs Can Navigate Today's Compliance Challenges

The role of the chief compliance officer (CCO) has never carried more weight or more complexity, according to Wealth Management.

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SEC Sanctions Emerson Equity and Advisor Over GWG L Bond Sales

Posted on September 23rd, 2025 at 3:16 PM
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.

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Investors Pursue Recovery Amid Inspired Healthcare Capital Difficulties

Posted on September 22nd, 2025 at 2:00 PM
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.

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Financial Advisors Split on AI Adoption

Posted on September 19th, 2025 at 2:19 PM
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.

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Easterly ROCMuni Fund Collapse Triggers Investor Lawsuits

Posted on September 18th, 2025 at 2:24 PM
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.

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FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

Posted on September 17th, 2025 at 2:02 PM
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.

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Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Posted on September 16th, 2025 at 11:35 AM
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

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California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Posted on September 15th, 2025 at 2:59 PM
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.

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If you are being bothered by the Regulators, call Eccleston Law, you won't regret it.

Rick R.

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.