Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Sues LPL, Citizens Bank & Trust Over Botched Transition
By Dinah Wisenberg BrinNathan Adams was punished for pursuing a job with LPL, which botched a background check, the complaint alleges.
September 24, 2024
Barred Advisor Gets 21 Months in Prison for Cherry-PickingJonathan Glenn's unfair allocations of profitable trades defrauded clients of more than $2.7 million, authorities say.
September 23, 2024
Yes, Your Small-Business Clients Still Must File FinCEN ReportsDespite a court ruling, the Corporate Transparency Act remains in effect for most businesses, with penalties for noncompliance.
September 23, 2024
JPMorgan Sued Over 'Shockingly' Low Interest on Client CashThe case follows several other proposed class actions over brokerages' cash sweep programs.
September 23, 2024
DOL Appeals Two Rulings Halting Fiduciary RuleTwo federal court decisions temporarily stopped the rule from taking effect.
September 17, 2024
Cases Mount Against Advisor Accused of Stealing Millions From His AuntSeveral clients have filed summonses indicating they initiated civil cases against Scott J. Mason.
September 17, 2024
Ex-BofA Banker's Murder Trial Postponed to MarchA key detective in the case became unavailable due to pregnancy complications, prosecutors told the court.
September 16, 2024
Glenmede Sues Longtime Portfolio Manager Over Surprise ResignationGlenmede Trust alleges Michael Gallagher breached agreements by trying to lure clients to follow him.