Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-LPL Rep Sentenced to 6 Years in Prison for Taking $1M from Elderly Client
By Dinah Wisenberg BrinInvestigators found Bradley Goodbred took over $1 million from a woman over nine years, prosecutors said.
July 25, 2025
Advisor Charged With Conning Venezuelans, Others in $94M Ponzi SchemeSeparately, the SEC accused Andrew Jacobus of swindling clergy and Catholic groups of $3.2 million.
July 22, 2025
Former Broker Accused of Running $9.5M Ponzi SchemeThe former broker purportedly retired after a 2014 suspension but kept soliciting investments, fraudulently, prosecutors allege.
July 17, 2025
JPMorgan Seeks Restraining Order Against Advisor for Taking Clients to Wells FargoAbout 13 clients with more than $24 million in total assets have already followed the advisor, the request states.
July 17, 2025
Ameriprise Affiliate Defamed Departing Advisor in Mass Email, Lawsuit SaysThe email left Armando Merino's clients "concerned" and "horrified," he alleges.
July 16, 2025
Schwab Clients Say Antitrust Settlement Over TD Ameritrade Deal Is UnfairThe attorney's fees seem "grossly disproportionate" to "negligible" benefit for customers, one Schwab client wrote.
July 15, 2025
No Final Decision on DOL Fiduciary Rule — YetThe new Texas rollover decision does not materially affect the 2024 fiduciary rule, ERISA lawyer Brad Campbell says.
July 14, 2025
Vanguard Accused of Misrepresentation in JustInvest DealVanguard acted in bad faith to limit post-deal payouts, the direct indexing firm's shareholders say in a lawsuit.