Tagged with "eccleston"

Hightower Sues Texas Advisor Who Departed For Avidian

Posted on February 23rd, 2023 at 4:29 PM
Hightower Sues Texas Advisor Who Departed For Avidian

Hightower Advisors has filed suit against a Texas-based advisor, James McGinness, for allegedly misappropriating confidential client information and improperly soliciting his former clients in violation of his employment agreement. 

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Hartman vREIT XXI Suspends Investor Distributions

Posted on February 22nd, 2023 at 4:38 PM
Hartman vREIT XXI Suspends Investor Distributions

Hartman vREIT XXI announced that its sponsor, Hartman Income REIT Management, has indefinitely suspended investor distributions. 

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SEC Charges Centaurus Financial, Branch Manager, and Advisor Over Unsuitable Recommendations of Complex Structured Securities

Posted on February 21st, 2023 at 2:29 PM
SEC Charges Centaurus Financial, Branch Manager, and Advisor Over Unsuitable Recommendations of Complex Structured Securities

The Securities and Exchange Commission (SEC) has agreed to a settlement with Centaurus Financial, branch manager Ricky Mantei, and financial advisor Atul Makharia over unsuitable recommendations of variable interest rate structure products (VRSPs) to certain retail customers. 

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DOJ Probes Silvergate Over FTX, Alameda Research Involvement

Posted on February 20th, 2023 at 4:00 PM
DOJ Probes Silvergate Over FTX, Alameda Research Involvement

U.S. Department of Justice (DOJ) prosecutors have launched a criminal investigation into Silvergate’s dealings with FTX and Alameda Research, including Silvergate’s hosting of accounts tied to Sam Bankman-Fried’s businesses. 

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SEC Uncovers Massive $500 Million Ponzi Scheme

Posted on February 17th, 2023 at 2:30 PM
SEC Uncovers Massive $500 Million Ponzi Scheme

After Las Vegas investigative reporter Jeff German was killed outside his home in September 2022, The Washington Post and the Las Vegas Review-Journal collaborated to complete one of the stories German had planned to pursue prior to his death. 

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FINRA Suspends Two New York Advisors Over Reg BI Violations

Posted on February 16th, 2023 at 4:24 PM
FINRA Suspends Two New York Advisors Over Reg BI Violations

The Financial Industry Regulatory Authority (FINRA) has suspended two New York-based advisors for violating Regulation Best Interest (Reg BI). 

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J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

Posted on February 15th, 2023 at 4:21 PM
J.P. Morgan Files Suit Against Two Advisors Who Departed For Merrill Lynch

J.P. Morgan has asked a New York state court to issue a temporary restraining order (TRO) barring two of its former advisors from soliciting their former clients.

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SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

Posted on February 14th, 2023 at 2:00 PM
SEC Settles With Moors & Cabot For $1.9 Million Over Disclosure Failures

The Securities and Exchange Commission (SEC) has ordered Moors & Cabot to pay $2 million to settle allegations that the firm breached its fiduciary duty to its clients by failing to disclose payments it received from clearing brokers. 

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FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

Posted on February 13th, 2023 at 2:00 PM
FINRA Bars Former UBS Advisor Who Allegedly Misappropriated $7.2 Million

The Financial Industry Regulatory Authority (FINRA) has barred a former UBS financial advisor for allegedly misappropriating millions of dollars from clients. 

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SEC Issues New Warning Regarding Reg BI Compliance Lapses

Posted on February 10th, 2023 at 1:54 PM
SEC Issues New Warning Regarding Reg BI Compliance Lapses

The Securities and Exchange Commission (SEC) has issued a warning indicating that financial advisory firms are relying on outdated systems to achieve compliance with Regulation Best Interest (Reg BI). 

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I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.

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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.