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Former Florida Broker Pleads Guilty in $2.7 Million Investment Fraud and PPP Loan Scheme

November 3rd, 2025 at 9:53 AM
Former Florida broker Jared Dean Eakes, 34, of Jacksonville, has pleaded guilty to wire and bank fraud in connection with a $2.7 million investment scam and a separate scheme involving over $4.75 million in fraudulent Paycheck Protection Program (PPP) loans, according to U.S. Attorney Gregory W. Kehoe for the Middle District of Florida.
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Department of Labor Sued Over Illegitimate Deferred Compensation Opinion Letter

October 31st, 2025 at 10:13 AM
Three former Morgan Stanley advisors filed suit this week against the U.S. Department of Labor (DOL), claiming the agency exceeded its authority and was unduly influenced when it issued an advisory opinion that sought to undermine their deferred compensation claims.
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SEC Sues Former Franchise Group CEO Over $350 Million Hedge Fund Fraud

October 30th, 2025 at 2:32 PM
The Securities and Exchange Commission (SEC) filed a lawsuit against Brian Kahn, former CEO of Franchise Group Inc., alleging he defrauded investors of more than $350 million in a multi-year investment adviser fraud tied to the collapse of Prophecy Asset Management (Prophecy).
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FINRA Foundation Study Reveals Alarming Investor Susceptibility to Fraudulent Offers

October 29th, 2025 at 1:58 PM
The FINRA Investor Education Foundation (FINRA Foundation) has released preliminary findings from its upcoming report, Investors in the United States: A Report of the National Financial Capability Study.
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UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

October 28th, 2025 at 2:29 PM
UBS Ä¢¹½´«Ã½alth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a Ä¢¹½´«Ã½st Palm Beach-based registered investment advisor launched just 15 months ago.
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FINRA Panel Orders Charles Schwab to Pay Damages Over Structured Product Losses Sold by Vora Ä¢¹½´«Ã½alth Management

October 27th, 2025 at 11:46 AM
A three-person FINRA arbitration panel ordered Charles Schwab & Co. to pay $165,440 in compensatory damages to a former client of Vora Ä¢¹½´«Ã½alth Management, after losses tied to complex structured products.
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Arizona Securities Division Issues Cease-and-Desist Order Against Former LPL Broker Over Crypto Fund Sales

October 24th, 2025 at 9:39 AM
The Arizona Securities Division issued a cease-and-desist order against former LPL Financial advisor Lisa Boisselle and her firm, Ä¢¹½´«Ã½althwise, alleging violations of state securities laws connected to nearly $1.4 million in cryptocurrency fund sales.
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Retail Access to Private Markets Raises Investor Protection and Regulatory Concerns

October 23rd, 2025 at 2:11 PM
Robinhood Markets recently registered its first alternative investment vehicle, Robinhood Ventures Fund I, with the Securities and Exchange Commission (SEC).
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Judge Denies Merrill Lynch's TRO in Advisor Transition

October 21st, 2025 at 2:31 PM
A federal judge has rejected Merrill Lynch’s request for a temporary restraining order (TRO) against a group of former financial advisors who left the firm to launch their own independent practice, OpenArc Corporate Advisory, under Dynasty Financial Partners’ platform with custody at Charles Schwab.
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FINRA Accuses Former MML Broker of Cheating on SIE Exam

October 20th, 2025 at 1:32 PM
Regulators have accused a former MML Investors Services-affiliated broker of cheating on the Securities Industry Essentials (SIE) exam, according to a recent Financial Industry Regulatory Authority (FINRA) enforcement complaint.
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