Tagged with "eccleston"

Philadelphia Father-Son Advisory Team Awarded Half-Million Dollars in Defamation Case at FINRA

Posted on March 22nd, 2024 at 12:00 PM
Philadelphia Father-Son Advisory Team Awarded Half-Million Dollars in Defamation Case at FINRA

A Philadelphia-based father-son advisory team has won a significant victory in a FINRA arbitration case against their former firm, Woodbury Financial Services.

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TIAA Settles SEC Charges for Violating Reg BI

Posted on March 21st, 2024 at 2:02 PM
TIAA Settles SEC Charges for Violating Reg BI

The Teachers Insurance and Annuity Association of America (TIAA) has agreed to a $2.2 million settlement with the Securities and Exchange Commission (SEC) over allegations of violating Regulation Best Interest (Reg BI) in recommending investment options to clients opening individual retirement accounts (IRAs).

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Investors Navigate Illiquidity in Venture Funds Through Secondary Deals

Posted on March 20th, 2024 at 11:32 AM
Investors Navigate Illiquidity in Venture Funds Through Secondary Deals

The Wall Street Journal reports that the current sluggishness in the venture market has left many investors in venture funds grappling with illiquid portfolios, making it challenging to ascertain their value.

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FINRA's Year-End Enforcement Blitz: LPL Financial and Interactive Brokers Face Major Penalties

Posted on March 19th, 2024 at 2:55 PM
FINRA's Year-End Enforcement Blitz: LPL Financial and Interactive Brokers Face Major Penalties

The Financial Industry Regulatory Authority Inc. (FINRA) concluded the year with significant penalties against two major firms, LPL Financial and Interactive Brokers.

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SEC Charges Individuals in $1.7 Billion Crypto Pyramid Scheme

Posted on March 18th, 2024 at 4:11 PM
SEC Charges Individuals in $1.7 Billion Crypto Pyramid Scheme

The Securities and Exchange Commission (SEC) has filed charges against Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in the
HyperFund crypto asset pyramid scheme, which fraudulently raised over $1.7 billion from global investors.

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FINRA Set to End Temporary Remote Inspection Relief with New Rules

Posted on March 15th, 2024 at 11:52 AM
FINRA Set to End Temporary Remote Inspection Relief with New Rules

The Financial Industry Regulatory Authority (FINRA) announced that it will conclude its temporary relief from in-person inspection requirements, implemented due to the COVID-19 pandemic, on May 31.

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KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

Posted on March 14th, 2024 at 10:46 AM
KBS Realty Advisors Fund Faces Uncertainty Amidst Commercial Real Estate Challenges

According to a regulatory filing cited by the Dallas Morning News, KBS Real Estate Investment Trust III has raised concerns about its future viability.

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FINRA Implements Reforms to Arbitrator Selection Process

Posted on March 13th, 2024 at 9:34 AM
FINRA Implements Reforms to Arbitrator Selection Process

The Financial Industry Regulatory Authority (“FINRA”) is rolling out reforms to its arbitration forum's panel selection process.

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Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

Posted on March 12th, 2024 at 1:09 PM
Morgan Stanley Advisor Barred for Allegedly Embezzling $58,000 from Clients

Chingyuan "Gary" Chang, a former broker and investment adviser at Morgan Stanley, has been permanently barred from the securities industry by the Securities and Exchange Commission (SEC) for purportedly stealing over $58,000 from four customer accounts.

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Citigroup and Wells Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

Posted on March 11th, 2024 at 1:44 PM
Citigroup and Wells Fargo Advisor Charged with Defrauding Clients in Movie Investment Scam

Helen Grace Caldwell, a former Illinois financial advisor with Citigroup and Wells Fargo, is facing federal wire fraud charges for allegedly cheating three clients out of $1.5 million through a fraudulent movie investment scheme.

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

September 19, 2025
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.

September 18, 2025
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.

September 17, 2025
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.