Tagged with "eccleston"

SEC Charges Former Advisor with $2 Million Fraudulent Scheme

Posted on November 21st, 2023 at 1:56 PM
SEC Charges Former Advisor with $2 Million Fraudulent Scheme

The Securities and Exchange Commission (SEC) has announced the filing of charges against an investment adviser based in Santa Maria, California.

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The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

Posted on November 20th, 2023 at 11:40 AM
The Classic 60-40 Investment Strategy Faces its Most Challenging Year in Decades

Millions of Americans are experiencing disruption in their retirement planning due to rising interest rates and inflation.

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SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

Posted on November 17th, 2023 at 2:15 PM
SEC Charges Prophecy Asset Management's President/CCO with Multi-Year Fraud Scheme

The Securities and Exchange Commission (SEC) has filed charges against John Hughes, who served as the president and chief compliance officer of registered investment adviser Prophecy Asset Management LP.

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New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

Posted on November 16th, 2023 at 11:52 AM
New DOL Fiduciary Rule Takes Aim at Loopholes in Retirement Savings

The Department of Labor (DOL) unveiled its latest retirement security rule, which involves altering the definition of an investment advice fiduciary under the Employee Retirement Income Security Act (ERISA).

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SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

Posted on November 15th, 2023 at 1:16 PM
SEC Focuses on Increased Scrutiny for Hybrid Firms in 2024 Examination Priorities

As the ranks of hybrid advisor-brokers, registered with both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), continue to grow, regulators are intensifying their scrutiny.

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BREIT's September Performance Records Negative Total Return

Posted on November 13th, 2023 at 10:26 AM
BREIT's September Performance Records Negative Total Return

Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).

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High Net Worth Investors Surge in Pre-IPO Securities Market

Posted on November 10th, 2023 at 10:55 AM
High Net Worth Investors Surge in Pre-IPO Securities Market

High Net Worth Investors (HNWIs) have recently emerged as the dominant buyers in this market segment.

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Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Posted on November 9th, 2023 at 2:20 PM
Silver-Coin IRA Seller Resolves $68 Million Fraud Allegations with CFTC

Safeguard Metals and its sole owner, Jeffrey Ikahn, reportedly defrauded customers to whom it promoted gold IRAs, resulting in alleged losses of $68 million as reported recently by InvestmentNews.

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Former Advisor Sanctioned for GPB Capital Sales

Posted on November 8th, 2023 at 4:16 PM
Former Advisor Sanctioned for GPB Capital Sales

The Financial Industry Regulatory Authority (FINRA) has fined and suspended Arni J. Diamond for improperly selling limited partnership units in GPB Automotive Portfolio LP and GPB Waste Management LP.

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Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

Posted on November 7th, 2023 at 1:25 PM
Record $61 Million Settlement Reached in GE's 401(k) Lawsuit

General Electric has reached a $61 million settlement in a protracted lawsuit concerning its 401(k) plan, marking one of the largest settlements in ERISA litigation history.

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LATEST NEWS AND ARTICLES

January 15, 2026
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

January 14, 2026
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.

January 12, 2026
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.