Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
LPL Faces Suit Over Clients' PHL Life and Annuity Holdings
By Allison BellThe plaintiffs say LPL advisors "intentionally left them in the dark" about the issuer's finances.
June 03, 2026
Greg Lindberg, Global Bankers Founder, Gets 12-Year Prison SentenceHe also faces a $1.655 billion restitution order, a $200 million forfeiture order and more litigation.
May 28, 2026
LTC Claimant Hit by Default Judgment Talks About the CaseThe demolition firm owner said he did not understand his long-term care benefits.
May 28, 2026
Epstein Files Reveal Long-Running Ties With One Wealth ManagerPaul Morris was part of the concierge team that shepherded Epstein's wealth at two of the world's largest banks.
May 27, 2026
Schwab Advisor Pleads Not Guilty to Assault, Weapons ChargesThe charges stem from an alleged domestic violence incident, Denver County Court records show.
May 26, 2026
Tax Court Cites Life, Annuity Assets in 40% Penalty RulingThe judge found that a microcaptive arrangement was not adequately disclosed on the insured firm's tax return.
May 26, 2026
Ex-Broker Pleads Guilty to $9.5M Ponzi SchemeEdwin Emmett Lickiss Jr., 78, admitted to defrauding investors over 26 years.
May 22, 2026
NASCAR Champ Kyle Busch Dies at 41Busch and his wife this year settled with Pacific Life after alleging they'd lost nearly $8.6 million in an IUL strategy.