Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Aon Agrees to $15M Settlement With Pennsylvania Teachers
By Martin Z. BraunCalculation errors and bad advice caused the teachers to make millions of dollars in extra pension contributions, a suit alleged.
February 03, 2026
Ex-Advisor Sentenced to 20 Years in Prison for $94M Ponzi SchemeAbout 25 Venezuelans applauded as a court official handcuffed Andrew Jacobus and escorted him away, the Miami Herald reported.
February 02, 2026
Citi Sues Former Exec, Denying Harassment ClaimJulia Carreon "fabricated" claims of harassment by wealth head Andy Sieg to avoid arbitration, the bank alleges.
January 30, 2026
Ex-Advisor Sentenced to 6 Years for Swindling Couple out of $1MJeffrey Slothower was also ordered to make restitution.
January 28, 2026
Northern Trust Hit With $35M Elder Fraud LawsuitThe lawsuit alleges that Northern Trust's former vice president stole millions from a $20 million legacy trust.
January 27, 2026
Ex-Citi Exec Sues Firm, Alleging 'Long History of Hostility Toward Women'Julia Carreon says she was debased when Citi wealth head Andy Sieg refused to deny innuendo about their relationship.
January 26, 2026
Gold Smashes Beyond $5,000It's up about 18% so far this year due largely to investors' retreat from currencies and Treasurys.
January 23, 2026
Pacific Life Asks Court to Toss NASCAR Champ's IUL LawsuitThe driver and his wife allege roughly $8.6 million in losses tied to indexed universal life insurance policies.