Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
LPL Advisor Must Pay UBS $5.6M Over Promissory Note Breach
By Dinah Wisenberg BrinAn arbitration panel awarded the financial services firm amounts due under the notes, plus interest and attorneys' fees.
August 06, 2026
Ex-Schwab Portfolio Manager Files Whistleblower Suit After Texting ComplaintsSabya Sinha alleges that he was terminated after reporting violations to the SEC.
August 05, 2026
Fake Advisor Sentenced to 3.5 Years for Defrauding 64 InvestorsHunter Haithcock stole at least $650,000 starting in his teens, prosecutors say.
August 03, 2026
FINRA Bars Ex-Ameriprise Advisor Charged in Gambling BustElias Chris Gerodemos refused to provide documents after being charged with involvement in an illegal sports betting operation.
July 29, 2026
What 'The Wolf of Wall Street' Left OutFBI files and interviews tell a different story about a disgraced broker in the 1990s, says Bloomberg's Jason Leopold, producer of a new docuseries.
July 28, 2026
Ex-Citigroup Managing Director Gets 30 Years for Sex CrimesEdward Gene Smith, a Harvard graduate who worked at several Wall Street firms, was sentenced Tuesday. He pleaded guilty seven months ago.
July 28, 2026
Edward Jones Asks Court to Compel 6 Black Advisors to Arbitrate Bias ClaimsA putative class-action lawsuit contends that the financial services firm discriminates in compensation, firings and promotions.
July 27, 2026
PRO
How a Windfall Can Become a 'Family Destroyer'David Siegel's client won a $2.6 million settlement after taking fen-phen. Doctors gave her five years to live.