Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Man Who Fled FBI on Sea Scooter Pleads Guilty in $35M Ponzi Scheme
By Dinah Wisenberg BrinMatthew Piercey ran a fake fund and used investor money for his own purposes, authorities said.
May 14, 2025
Retiree Sues Schwab, Hightower Over $422,000 Portfolio LossThe firms misrepresented a risky margin loan as a safe credit line and made unauthorized trades, the suit says.
May 13, 2025
Vanguard Shared Client Trades With Google and LinkedIn: LawsuitThe proposed class action involves consumers who use Vanguard's website or mobile app.
May 12, 2025
California Court OKs $80M Life Insurance Policy Lapse Notice SettlementA future state Supreme Court ruling could determine how much money other insurers will pay out.
May 08, 2025
Ex-Schwab Advisor Claims Age and Sex DiscriminationThe advisor was forced to resign and replaced by a younger male counterpart, she says in a lawsuit.
May 06, 2025
UBS Will Pay $511M to End Credit Suisse U.S. Tax ProbeA bank unit pleaded guilty to conspiring to help clients hide over $4 billion from the IRS.
May 01, 2025
Carson Group, Gulick Seek to Push Back Trial TimelineLawyers for both sides in a discrimination and retaliation lawsuit told the court they need time to prepare.
April 29, 2025
How Retirement Planning Could Be Reshaped During Trump’s Second TermFrom easing fiduciary regulations to the promotion of alternative assets, there’s a lot on the table.