Tagged with "eccleston"

SEC Charges Former LPL Advisor With Misappropriating $1.7 Million

Posted on July 20th, 2022 at 2:39 PM
SEC Charges Former LPL Advisor With Misappropriating $1.7 Million

The Securities and Exchange Commission (SEC) has charged a former LPL advisor with misappropriating $1.7 million from at least three clients to cover personal expenses, including the purchase of a house.

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Here’s How FINRA Spent Its Fine Proceeds In 2021

Posted on July 19th, 2022 at 1:59 PM
Here’s How FINRA Spent Its Fine Proceeds In 2021

The Financial Industry Regulatory Authority (FINRA) imposed fines worth up to $90.1 million in 2021, which was a substantial increase from the $57 million issued in 2020.

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Morgan Stanley Seeks to Send Brokers’ Deferred Comp Lawsuit to Arbitration

Posted on July 18th, 2022 at 3:33 PM

Morgan Stanley has asked a federal court to stay a proposed class action lawsuit related to its deferred compensation plan and compel 12 of its former brokers who filed the suit to arbitrate their claims.

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Notable 2022 Ponzi Schemes

Posted on July 18th, 2022 at 3:15 PM
Notable 2022 Ponzi Schemes

Several notable Ponzi schemes have been uncovered so far in 2022.

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CFP Board Suspends Advisor Over Improper GWG Bond Sales

Posted on July 14th, 2022 at 12:25 PM
CFP Board Suspends Advisor Over Improper GWG Bond Sales

The Certified Financial Planner Board of Standards Inc. (CFP Board) has issued an interim suspension against Patrick Egan, who is an advisor at Western International Securities, a firm recently charged by the SEC for violating Regulation Best Interest (Reg BI).

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UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

Posted on July 13th, 2022 at 3:33 PM
UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

The Securities and Exchange Commission (SEC) has agreed to a settlement with UBS Financial Services. The firm has agreed to pay $25 million to settle fraud charges pertaining to a complex options trading strategy known as YES, or Yield Enhancement Strategy.

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Infinity Q Founder Charged by SEC For Overvaluing Assets

Posted on July 12th, 2022 at 3:13 PM
Infinity Q Founder Charged by SEC For Overvaluing Assets

Infinity Q, a registered investment adviser with the Securities and Exchange Commission (SEC), oversaw a now-shuttered mutual fund, the Infinity Q Diversified Alpha Fund, as well as a parallel hedge fund, the Infinity Q Volatility Alpha Fund. 

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Municipal Bonds Increasingly Held by Funds Rather Than Retail Investors

Posted on July 12th, 2022 at 8:47 AM
Municipal Bonds Increasingly Held by Funds Rather Than Retail Investors

The percentage of outstanding municipal bonds owned by U.S. retail investors dipped to 40% in the first three months of the year in comparison to 46% in 2020, according to a Municipal Securities Rulemaking Board report.

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Leveraged Municipal Bond Funds Hit With Losses As Bond Market Falters

Posted on July 7th, 2022 at 3:27 PM
Leveraged Municipal Bond Funds Hit With Losses As Bond Market Falters

The recent bond rout has led to substantial losses for leveraged municipal bond funds. 

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FINRA Fines National Securities $9 Million Over GPB and Other Misconduct

Posted on July 6th, 2022 at 11:34 AM
FINRA Fines National Securities $9 Million Over GPB and Other Misconduct

The Financial Industry Regulatory Authority (FINRA) has fined National Securities over a host of issues, including artificially influencing the market for securities it had underwritten and negligently omitting to inform GPB Capital private placement investors that the company had failed to timely file its audited financial statements. 

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TESTIMONIALS

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I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

Howard S.

LATEST NEWS AND ARTICLES

January 16, 2026
SEC Signals Sweeping IPO Rule Changes to Ease Path for Smaller Companies

The Securities and Exchange Commission (SEC) plans to overhaul its public offering framework to make it easier for smaller companies to access the public markets, according to remarks SEC Chairman Paul Atkins delivered at the New York Stock Exchange, as reported by Bloomberg Law.

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.