Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Banker Charged With BofA Exec's Murder Faces Trial Monday
By Dinah Wisenberg BrinAnthony Duwayne Turner is charged with killing BofA-Merrill executive Michelle Avan in August 2021.
September 11, 2024
Schwab Discriminated Against Pregnant Advisor: LawsuitThe former associate advisor says the firm failed to accomodate her need to take frequent breaks.
September 06, 2024
RIA Hid Fee Hikes From Clients, SEC SaysThe firm charged $1.36 million in higher fees it failed to properly disclose, a lawsuit says.
September 04, 2024
SEC Accuses Firm of Marketing Rule Violations, Failing to RegisterFlorida-based Black Dragon, which didn't admit wrongdoing, posted misleading performance data on its website, the agency says.
September 04, 2024
SEC Expands Texting Crackdown to Big Ratings AgenciesMoody's, Fitch and four other firms agreed to pay combined penalties of more than $49 million over off-channel communications.
August 30, 2024
Fired Wells Fargo Banker Says Her Advisor Boss Abused HerWells Fargo knew about mistreatment by one of its highest producing advisors but nothing changed, a lawsuit alleges.
August 30, 2024
Schwab Used Cash Sweep Funds in TD Ameritrade Deal: LawsuitSchwab struck a deal to direct at least $50 billion to TD Bank through 2031, customers allege.
August 29, 2024
Data Firm Faces a Dozen Suits Over Social Security Number LeakThe breach of National Public Data may have compromised the Social Security numbers of 272 million people.