News & Updates

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FINRA to Revise Outside Business Activities Rules

The Financial Industry Regulatory Authority (FINRA) is seeking to overhaul its rules on outside business activities (OBA) and private securities...

FINRA Orders $8.2 Million in Customer Restitution Over Mutual Fund Fee E...

FINRA has required Edward Jones, Osaic Wealth, and Cambridge Investment Research to reimburse customers a combined total of more than $8.2 milli...

James Eccleston Awarded Spot in 2025 Illinois Super Lawyers List

Attorney James Eccleston has been selected for the 2025 Illinois Super Lawyers List, an honor given exclusively to lawyers who exhibit excellenc...

Wells Fargo and LPL Financial Settle SEC Charges Over Blue Sheet Reporti...

The Securities and Exchange Commission (SEC) announced settlements with Wells Fargo Clearing Services and LPL Financial, each agreeing to pay a ...

FINRA Suspends and Fines Advisor for Misleading L Bond Sales

The Financial Industry Regulatory Authority (FINRA) has suspended and fined Alan Mason for violating Regulation Best Interest by recommending hi...

Former Merrill Lynch Advisor Wins Expungement of Allegations Tied to CBD...

Charles Thomas “Todd” Mercer Jr., a former top Merrill Lynch advisor, successfully cleared his public record of allegations that hin...

Attorney Eccleston Receives 2025 Top-Rated Lawyer Recognition

James Eccleston has been recognized as a top-rated lawyer with a superb attorney rating in 2025 by the Martindale-Avvo legal community.

SEC Charges Nigerian Trio for Impersonating Financial Professionals in $...

The Securities and Exchange Commission (SEC) has charged three individuals from Nigeria with orchestrating an elaborate online fraud scheme, ste...

Jefferies Financial Group Terminates Employment of Miami Team for Allege...

According to Form U-5 filings, Jefferies Financial Group recently terminated a group of Miami-based wealth advisors allegedly after uncovering i...

Former Merrill Lynch Executives Launch Indivisible Partners, a New Indep...

John W. Thiel, the former head of Merrill Lynch Wealth Management, has announced plans to launch Indivisible Partners, an independent registered...

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Wells Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

A FINRA arbitration panel has ordered Wells Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in dam...

Bank of America Agrees to Consent Order Over Anti-Money-Laundering Defic...

Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficienci...

UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock ...

According to AdvisorHub, UBS Wealth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over all...

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