Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Merrill Still Discriminates Against Black Advisor Trainees: Lawsuit
By Melanie WaddellThey are treated as "unpaid temporary laborers to do the grunt work of gathering assets," a complaint contends.
August 21, 2025
Envestnet Destroyed Evidence in $100M Lawsuit, Court Report FindsA special master has recommended sanctions against Envestnet and Yodlee in a case brought by FinancialApps.
August 20, 2025
Citi Wealth Head Sieg Faced Conduct Probe by Law Firm: ReportAmong other complaints, Sieg was accused of making a managing director cry, Bloomberg reported.
August 19, 2025
Advisor's Widow to Pay $3.8M Over Husband's Alleged Ponzi SchemeThe deal is tied to the SEC's pursuit of Stephen Romney Swensen's estate in an alleged $29 million securities scam.
August 19, 2025
Judge Lets Family's Suit Over $67.5M in Life Insurance Move ForwardWhen interest rates rose, the cost of the premium financing used to buy the policies soared.
August 18, 2025
JPMorgan Must Face Claims Over Son’s Fleecing of Elderly MomFirms are facing more scrutiny over their responsibility for losses of aging clients with possible cognitive limitations.
August 18, 2025
JPMorgan Chase Bank Sued Over CD Rollover Rate ChangeA high-interest "relationship" certificate of deposit rolls over to a low rate without warning, a customer complains.
August 16, 2025
Judge Rejects BofA’s Move to Dismiss ‘Misuse’ of 401(k) LawsuitA North Carolina judge says the suit tied to forfeited retirement funds left behind by departing staff must move forward.