Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Supreme Court Ruling Ensures Juries in Many SEC Cases: SEC Roundup
By Nick Morgan and Tom ZaccaroWith the Jarkesy opinion, the agency may no longer pursue such claims through in-house enforcement proceedings.
July 01, 2024
Life Insurer Asks Court to Free It From Sausage Maker's EstateReliaStar is not sure how Hormel's $425 million acquisition of Capitol Wholesale affected the slicing of benefits.
June 29, 2024
SIFMA, FSI Join Suit to Strike Down DOL Fiduciary RuleThe trade groups join insurance industry groups in asking a court in Texas to vacate the rule.
June 28, 2024
Supreme Court Ruling Set to Weaken SEC, DOL AuthorityAttorneys and lawmakers weighed in Friday on the court's decision to overturn the Chevron doctrine.
June 28, 2024
5 Ways a New Supreme Court Ruling Could Shape Life, Health and Advice RegsThe SEC, Labor Department and others have used the Chevron ruling, now overturned, to establish their authority.
June 27, 2024
Ameriprise, LPL Battle in Court Over Father-Son Advisor Duo Who Switched FirmsThe advisors took confidential material "in the dark of night" before leaving for LPL, Ameriprise says.
June 27, 2024
Supreme Court Curbs SEC's In-House Judges in Fraud CasesThe 6-3 decision could reduce the agency's leverage to extract high-dollar settlements.
June 24, 2024
Morgan Stanley Sued Over Low Interest Rates on Client CashThe wirehouse pays a fraction of what firms like Vanguard pay in similar accounts, the suit says.