Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan Chase Bank Sued Over CD Rollover Rate Change
By Dinah Wisenberg BrinA high-interest "relationship" certificate of deposit rolls over to a low rate without warning, a customer complains.
August 12, 2025
Schwab Faces Cash Sweeps Suit Alleging Elder Financial AbuseThe complaint is among many accusing firms of paying unreasonably low interest on cash sweep balances.
August 12, 2025
Fidelity Brokerage, BNY Sued Over Unauthorized Fund TransfersThe alleged transfers were from a Fidelity cash management account, after the client's Fidelity debit card was stolen.
August 07, 2025
Ex-CNBC Guest Analyst Sentenced to 5 Years for Investment ScamFormer fugitive James Arthur McDonald had pleaded guilty to securities fraud.
August 05, 2025
Fidelity Brokerage Says Former VP Took Client InfoAdam Ritter is misusing confidential information to solicit customers to his new firm, a lawsuit alleges.
August 05, 2025
Transamerica Life Sued Over Variable Annuity Premium TaxesThe plaintiff questions how the insurer handled billing for customers who surrendered their contracts early.
August 04, 2025
4 Years After BofA Exec's Killing, Ex-Banker Charged With Her Murder Stands TrialThe trial of Anthony Duwayne Turner, who could face the death penalty if convicted, is in its fourth week.
August 02, 2025
BlackRock, State Street and Vanguard Must Face Antitrust SuitA federal judge in Texas largely denied a request to dismiss a lawsuit claiming they colluded to reduce coal output.