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Tagged with "eccleston"

Federal Judge Approves $91.3 Million in GWG Holdings Bankruptcy Settlements

Posted on July 21st, 2025 at 9:22 AM
Federal Judge Approves $91.3 Million in GWG Holdings Bankruptcy Settlements

A federal bankruptcy judge in Houston has approved $91.3 million in settlements from several professional firms, company founders, and former executives tied to the collapse of GWG Holdings Inc.

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Former LPL Advisor Suspended for Beneficiary Designation Violations

Posted on July 17th, 2025 at 1:46 PM
Former LPL Advisor Suspended for Beneficiary Designation Violations

A former LPL Financial advisor has agreed to an eight-month suspension and a $5,000 fine after the Financial Industry Regulatory Authority (FINRA) found he improperly named his immediate family members as beneficiaries on a client’s accounts without firm approval.

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Former CFA Institute Executive Charged in $5 Million Embezzlement Scheme

Posted on July 16th, 2025 at 11:05 AM
Former CFA Institute Executive Charged in $5 Million Embezzlement Scheme

Michael J. Collins, the former chief marketing officer of the CFA Institute, has been accused of embezzling nearly $5 million from the financial education organization through a long-running fraud scheme designed to fund a lavish personal lifestyle.

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Former Advisor Sues Prime Capital Again Over Unpaid Equity Redemption

Posted on July 15th, 2025 at 2:07 PM
Former Advisor Sues Prime Capital Again Over Unpaid Equity Redemption

A former San Diego-based advisor has filed a second lawsuit against Prime Capital Financial, alleging breach of contract after the firm failed to honor agreed-upon terms related to his equity buyout.

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Wisconsin Man Charged in $15.8 Million Ponzi Scheme Disguised as Investment Advisory Business

Posted on July 14th, 2025 at 11:40 AM
Wisconsin Man Charged in $15.8 Million Ponzi Scheme Disguised as Investment Advisory Business

Federal authorities have charged a Wisconsin man with orchestrating a multimillion-dollar Ponzi scheme that defrauded more than 120 investors over six years.

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FINRA Advances Proposal to Allow Limited Use of Performance Projections

Posted on July 11th, 2025 at 2:17 PM
FINRA Advances Proposal to Allow Limited Use of Performance Projections

The Financial Industry Regulatory Authority (“FINRA”) is moving forward with a proposal that would give broker-dealers limited ability to market performance projections and targeted returns under specific conditions.

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SEC Permanently Bars Brite Advisors USA Over Custody Rule Violations and Undisclosed Conflicts

Posted on July 10th, 2025 at 2:08 PM
SEC Permanently Bars Brite Advisors USA Over Custody Rule Violations and Undisclosed Conflicts

The SEC has permanently barred Brite Advisors USA from operating as an investment adviser, citing serious custody rule violations and undisclosed conflicts of interest tied to its offshore affiliate, as reported by Financial Advisor News.

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UBS Confirms Data Breach After Cyberattack on External Vendor

Posted on July 9th, 2025 at 2:43 PM
UBS Confirms Data Breach After Cyberattack on External Vendor

UBS Group AG has confirmed that a cyberattack on one of its third-party suppliers resulted in stolen company information, though no client data was compromised.

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Veteran Advisors Challenge Focus Financial Overbroad Non-Competes in Federal Court

Posted on July 8th, 2025 at 3:48 PM
Veteran Advisors Challenge Focus Financial Overbroad Non-Competes in Federal Court

Two former advisors from Edge Capital Group have filed a federal lawsuit challenging what they describe as excessively restrictive employment agreements following their departure amid a major merger.

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Maryland Bars Financial Advisor Over Excessive Fees and Unsuitable Investments

Posted on July 7th, 2025 at 12:03 PM
Maryland Bars Financial Advisor Over Excessive Fees and Unsuitable Investments

The Maryland Securities Commissioner has barred financial advisor Timothy Pickett and his firm, Blue Anchor Capital Management, from operating in the securities industry within the state.

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If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.

Rick R.

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.