Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Supreme Court Case Could Upend a Key Succession Strategy
By Robert Bloink | William H. ByrnesThe case involves a life insurance strategy intended to keep remaining shareholders in control after a key shareholder's death.
April 16, 2024
Pretrial Date Nears for Ex-Broker Accused of Murdering BofA-Merrill ExecAnthony Duwayne Turner faces murder, rape and burglary charges in the 2021 killing of Michelle Avan.
April 16, 2024
Advisor on FBI's 'Most Wanted' List Arrested on Fraud ChargesAuthorities say William Jack Berg defrauded his clients, using their $1.5 million for his own benefit.
April 16, 2024
Genworth Seeks Ruling on Life Benefits After Family Found DeadThe insurer wants to stay out of discussions on distributing the proceeds from the mother's $1.25 million policy.
April 15, 2024
Online Insurance Broker Faces Privacy Class ActionPlaintiffs say Lemonade shared visitor data with Facebook and other companies without users' permission.
April 10, 2024
Morgan Stanley Fights Back Against 'Clawback' RulingThe move follows a FINRA panel's ruling that the wirehouse pay over $3 million to eight of its former advisors.
April 08, 2024
Biden Details Student Loan 'Plan B'Some 25 million borrowers would have their accrued interest fully or partially eliminated.
April 05, 2024
Ex-Ameriprise Advisor Awaits Sentencing in $1.2M Fraud CaseThe Texas-based planner pleaded guilty to defrauding clients; she used money to buy a house and shotgun.