Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Supreme Court Gives DOGE Access to Social Security Data
By Greg Stohr and Zoe TillmanThe disputed data includes Social Security numbers, tax and earnings records, and bank and credit card information.
June 05, 2025
FINRA Panel Orders Advisor to Pay Ameriprise $383KAmeriprise accused the advisor of a "brazen scheme" to take account information to his new RIA.
June 04, 2025
Vanguard, Investors to Resume Talks in Target-Date Selloff CaseA judge rejected a $40 million settlement, given an SEC agreement offering plaintiffs a better deal.
June 02, 2025
Ameriprise Fights LPL Advisors' Request to Block Device SearchAmeriprise is pushing back against anonymous LPL advisors filing to intervene in LPL's forensic review of advisors' devices.
June 02, 2025
Supreme Court Rebuffs Challenge to FINRA's AuthorityThe justices turned away an appeal from Alpine Securities, allowing a FINRA case against the BD to proceed.
May 28, 2025
Two Client Couples Sue Advisor Over Risky StrategiesThe advisor recommended triple-leveraged ETFs and let an algorithm panic-sell clients' stocks, the suit alleges.
May 28, 2025
Ex-Marine Conned Fellow Veterans in Ponzi Scheme, SEC SaysChristopher Aubin is accused of defrauding 24 investors, including two veterans he served with, out of $2.5 million.
May 27, 2025
UBS Client Can’t Sue Bank Over Broker’s Alleged Affair With WifeBut the client can sue the broker, a New York judge ruled.