A jury in a Boston federal court has determined that EagleEye Asset Management is liable for loses in clients’ accounts that resulted from currency trading.

So reports hedgeweek.com. The firm and its sole principal Jeffrey A. Liskov, both of Plymouth, Massachusetts, generated more than $300,000 in fees by steering clients into the investments. The jury ruled that Liskov made misleading statements to clients regarding the risk involved in the currency investments.

Read the full article from hedgeweek.com here.

Some advisors say they fear a new FINRA arbitration program for Registered Investment Advisors may allow the regulator to expand its regulatory clout beyond broker dealers, reports the Wall Street Journal.

Advisors say finding the best back-office capabilities and technology is one of their top business challenges.