Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Biden Details Student Loan 'Plan B'
By Akayla Gardner, Mario Parker & Jennifer JacobsSome 25 million borrowers would have their accrued interest fully or partially eliminated.
April 02, 2024
Ameritas Suit Could Shake Up Life Settlement MarketThe case turns on whether a term life policy buyer can convert it into a permanent life policy.
March 29, 2024
New York Life Sues Former Agent to Recoup Commission AdvancesThe life insurer terminated the agent after finding that he'd failed to meet its application submission standards.
March 28, 2024
Bankman-Fried Sentenced to 25 Years in Prison Over FTX CollapseHe faced as long as 110 years behind bars after being convicted last year of seven offenses, including fraud and conspiracy.
March 25, 2024
Voya Faces Suit Over Universal Life Policy Premium HikeThe plaintiffs contend that the premium suddenly jumped to $90,000, from $25,000, without warning.
March 25, 2024
Morgan Stanley to Pay $3M in FINRA Arbitration Over Deferred CompAmounts of deferred compensation to be paid to former advisors range from about $70,000 to more than $600,000.
March 22, 2024
House Panel Passes Bill to Quash DOL Independent Contractor RuleSupporting lawmakers say the rules are arbitrary and capricious under federal law.
March 21, 2024
Empower Sues 13 Advisors Who Broke AwayThe financial professionals were employed with Personal Capital, a company that the retirement plan provider acquired in 2020.