Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
FTC Bans Worker Non-Compete Rules
By Leah Nylen & Emily BirnbaumExisting non-competes for executives earning over $151,164 a year in a "policy making position" can stay in place.
April 17, 2024
The Problem Is Not the Life Insurance Products, or the IllustrationsA veteran actuary has ideas about how to make sure clients understand what they bought.
April 16, 2024
New York Couple Sues Over Life Premium Finance Collateral CallsThe Aronsons thought $1.5 million in collateral would be enough. Then conditions changed.
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.