Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Short Seller Loses Bid to Toss SEC Fraud Case
By Erik LarsonA lawsuit accuses Andrew Left of committing fraud through stock trades, social media posts and research reports.
April 22, 2025
Supreme Court Ruling Could Spur 401(k) Fee LitigationThe ruling "has fundamentally altered the litigation framework for 401(k) excessive fee claims," says Ron Rhoades.
April 21, 2025
LPL Crying Foul on Data-Breach Notices Signals 'Bad Faith': AmeripriseLPL already agreed in court that such notices might be necessary, Ameriprise argues in a new filing.
April 21, 2025
Ex-Securities America CEO Sues OsaicJim Nagengast is claiming breach of contract related to his departure from the financial services firm in 2024.
April 18, 2025
7 Legal Issues That May Come Up When Annuity Owners DieThe more you can do to deal with these concerns early, the better.
April 18, 2025
Schwab-TD Ameritrade Antitrust Case Settled, Notification Process UnderwayOver 25.5 million customers were to receive settlement notifications, a court document indicates.
April 17, 2025
How Opening a Morgan Stanley Account Led to a Fraud ArrestThe firm alerted authorities after a Georgia man tried to deposit $32.5 million into a brokerage account, prosecutors allege.
April 16, 2025
SEC Won't Modify Texting Settlements for LPL, Raymond James, 14 OthersSixteen firms sought to change their off-channel messaging orders, saying firms that settled later got better terms.