Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Broker Charged With Bilking at Least 17 Clients in $2.7M Fraud
By Dinah Wisenberg BrinJared Dean Eakes gained access to the clients by buying books of business under false pretenses, prosecutors say.
June 03, 2024
Annuity Issuer Unit Sues Majesco Over Agent Relations SoftwareF&G Life Business Services says it spent $8.3 million and received no new working tools.
June 03, 2024
Medicare Plan Pay Confusion Could Wreck 2025 Enrollment, Lawsuits WarnDistributors say they need certainty by July to make agent hiring, marketing and advertising decisions.
May 31, 2024
Will an Ex-Fidelity Advisor's Reg BI Suit Catch the SEC's Eye?The case could have implications for the broader financial services industry, lawyers say.
May 29, 2024
How Carson Group Ex-CMO's 'Toxic' Culture Suit Might EndThe RIA would face steep risks in going to trial, but it's not out of the question, employment lawyers say.
May 29, 2024
Merrill Settles Racial Discrimination Suit for Nearly $20MIn a class action, Black former advisors and trainees said they were paid less and promoted less often.
May 28, 2024
Former FTX Exec Sentenced to 7.5 Years in PrisonRyan Salame is the first of of Sam Bankman-Fried's close associates to be sentenced on criminal charges.
May 28, 2024
Fidelity Seeks More Time to Answer Whistleblower SuitFidelity seeks more time to answer a suit alleging it put profits over clients' best interests.