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Tagged with "eccleston"

FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

Posted on August 4th, 2025 at 11:15 AM
FINRA Bars Former Stifel Broker Amid $133 Million Arbitration Fallout

The Financial Industry Regulatory Authority (FINRA) has barred former Stifel Financial broker Chuck A. Roberts after a wave of investor complaints linked to his sale of structured products culminated in a $133 million arbitration award and tens of millions in additional settlements.

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FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Posted on August 1st, 2025 at 11:23 AM
FINRA Bars Former Jefferies Advisor After Refusal to Cooperate with Regulatory Probe

Nicholas Coubrough, a former wealth advisor with Jefferies Financial Group Inc. in Miami, has been permanently barred from the securities industry following his refusal to cooperate with an investigation by the Financial Industry Regulatory Authority (FINRA).

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Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Posted on July 31st, 2025 at 3:38 PM
Florida Attorney General Targets RAD Diversified REIT Over Suspected Ponzi Scheme

Florida Attorney General James Uthmeier has launched an aggressive investigation into RAD Diversified REIT, Inc., its subsidiaries, and its owners, Brandon “Dutch” Mendenhall and Amy Vaughn, for allegedly violating Florida’s Deceptive and Unfair Trade Practices Act and other state laws.

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Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

Posted on July 30th, 2025 at 11:14 AM
Florida Woman Arrested in $2.6 Million Theft Scheme Tied to Former Merrill Lynch Advisor

A Florida woman faces multiple felony charges for allegedly helping a former Merrill Lynch advisor steal millions from a high-profile NFL client, as reported by AdvisorHub.

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Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Posted on July 29th, 2025 at 12:49 PM
Stifel Faces Mounting Arbitration Losses Over Chuck Roberts' Structured Note Sales

Stifel Financial has reached another substantial settlement connected to a controversial structured note strategy promoted by Miami-based broker Chuck A. Roberts.

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SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

Posted on July 28th, 2025 at 11:37 AM
SEC Bars California Advisor for $4.6 Million Client Theft and Falsified Filings

The Securities and Exchange Commission (SEC) has permanently barred Andrew Nash, a Santa Barbara-based investment adviser, from the securities industry after alleging he misappropriated $4.6 million from a client and falsified regulatory filings to cover up the theft.

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Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

Posted on July 25th, 2025 at 1:56 PM
Former Merrill Lynch Broker Settles SEC Case Over $3 Million Investment Fraud

A former Dallas-based broker has settled civil charges with the Securities and Exchange Commission (SEC) after stealing nearly $3 million from his clients over nine years.

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Beware the Hidden Risks Lurking in Option-Income ETFs

Posted on July 24th, 2025 at 11:47 AM
Beware the Hidden Risks Lurking in Option-Income ETFs

Lately, a wave of option-income exchange-traded funds (ETFs) has flooded the market, boasting eye-popping yields as high as 230 percent.

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SEC Bars Brite Advisors USA for Custody Rule Violations and Disclosure Failures

Posted on July 23rd, 2025 at 1:07 PM
SEC Bars Brite Advisors USA for Custody Rule Violations and Disclosure Failures

The Securities and Exchange Commission (“SEC”) has permanently barred Brite Advisors USA, a New York-based investment adviser managing roughly $400 million in assets, from operating in the advisory business.

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Former Advisor Sentenced to Over Eight Years for $17 Million Fraud Scheme

Posted on July 22nd, 2025 at 11:42 AM
Former Advisor Sentenced to Over Eight Years for $17 Million Fraud Scheme

A former financial advisor from Pennsylvania has been sentenced to more than eight years in federal prison for defrauding clients out of over $17 million, including his own widowed aunt.

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LATEST NEWS AND ARTICLES

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May 27, 2026
FINRA Sanctions Cambridge Investment Research for Supervisory Failure in Variable Annuity Exchanges

The Financial Industry Regulatory Authority (FINRA) has censured Cambridge Investment Research and ordered the firm to pay nearly $280,000 after finding that it failed to properly supervise variable annuity exchanges, according to AdvisorHub.

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May 22, 2026
Blue Owl Caps Redemptions as Investors Seek Billions in Withdrawals from Private Credit Funds

Blue Owl Capital faced a sharp rise in redemption requests during the first quarter as investors attempted to withdraw approximately $5.4 billion from two of the firm's largest private credit funds, according to reporting by the Wall Street Journal.

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May 21, 2026
Edward Jones Faces Federal Privacy Lawsuits Over Alleged Data Sharing With Tech Companies

Edward Jones is facing multiple lawsuits alleging that the firm improperly shared clients' personal and financial information with third-party technology companies for targeted advertising purposes, according to reporting by Financial Planning.