Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Merrill Broker Sentenced to Two Years in Prison
By Melanie WaddellRajesh Markan was also ordered to pay $2.5 million to investors in a fake private equity fund.
December 15, 2025
Schwab Accuses RIA of Using Trade Secrets to Divert Over $85M in AssetsA former Schwab consultant improperly contacted clients for his new employer, according to a lawsuit.
December 10, 2025
With Biden-Era Fiduciary Rule Dropped, What Comes Next?Labor said it intends to issue a revised standard around May, leaving many advisors unclear about compliance obligations.
December 10, 2025
With Biden-Era Fiduciary Rule Dropped, What Comes Next?Labor said it intends to issue a revised standard around May, leaving many advisors unclear about compliance obligations.
December 10, 2025
Brokers at the Movies: 10 Hollywood Takes on Wall StreetMovies depicting financial professionals typically don’t focus on thoughtful advisors looking out for clients’ best interests.
December 09, 2025
Brokers at the Movies: 10 Hollywood Takes on Wall StreetMovies depicting financial professionals typically don’t focus on thoughtful advisors looking out for clients’ best interests.
December 08, 2025
Fund Manager's Driver Posing as Advisor Lost $1M for Investors: SECThe defendant was a driver for a registered investment advisor that managed a hedge fund.
December 01, 2025
Trump Commutes Sentence of GPB Capital FounderDavid Gentile faced seven years for a fraud scheme that risked more than $1 billion of investor funds.