Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Transamerica, Advisory Firm Face Suit Over $25M Term Life Policy Conversion
By Allison BellA beneficiary said he has had trouble collecting all of the benefits that should be coming from the converted policy.
February 18, 2026
Ex-NFL Player Convicted in $197M Medicare FraudJoel Rufus French was found guilty of selling patient information and sham doctors' orders for orthotic braces.
February 17, 2026
Pacific Life Sold Complex IUL Policy as Retirement Strategy: LawsuitTwo retirees say they were induced to liquidate $1.5 million in savings to purchase an unsuitable insurance product.
February 17, 2026
4 Big Cases to Watch in 2026: SEC RoundupThese "sleeper" cases will set the rules of the road for years to come.
February 13, 2026
SEC Bars Ex-Wells Fargo Advisor in Prison for FraudKenneth A. Welsh, accused of stealing nearly $3 million from clients, was sentenced last July to 3.6 years.
February 10, 2026
Judge Dismisses Class-Action Suit Over Vanguard's $100 Exit FeeThe federal court allowed the plaintiff to amend and refile the complaint against the investment giant.
February 09, 2026
$133M Award Against Stifel Should Stand, Judge SaysThe magistrate judge's opinion addresses a FINRA arbitration award tied to a barred advisor.
February 06, 2026
Commonwealth, SEC Reach Tentative Settlement Over $93M PenaltyThe long-running case centers on revenue sharing payments.