Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Solicited Client Money for Film Business, Regulators Say
By Dinah Wisenberg BrinChecks to Canal Productions represented self-dealing at an elderly client's expense, the inquiry alleges.
November 16, 2023
UnitedHealth Faces Suit Over AI-Based Medicare Advantage Claim DenialsThe plaintiffs assert that the predictive system used to justify denials of post-acute care is too rigid.
November 15, 2023
Ex-Broker Facing Child Porn Charges Loses $1.44M Arbitration With Morgan StanleyThe finding against Randall Kiefner centered on his violating the bank's transition policy after leaving Schwab.
November 14, 2023
Model, Stylist Sue Advisors Over Cash-Value Life AdviceThe plaintiffs assert that the financial pros locked them into unsuitable arrangements with their life insurance policies.
November 13, 2023
MassMutual, PacLife and State Farm Face Genetic Privacy SuitsThe plaintiffs object to the life insurers asking about applicants' family medical history.
November 09, 2023
BofA Accused of Aiding Elder Financial AbuseA woman with a Merrill account claims scammers took $690,000 from her after she visited a California branch of the bank.
November 09, 2023
SEC Bars Ex-Edward Jones Rep Who Defrauded Clients Out of $800KRonald T. Molo, accused of using client money to pay for two cars, has been sentenced to two years in prison.
November 06, 2023
Analyst Pleads Guilty to Punching Subway WorkerThe next hearing in the criminal case takes place Dec. 4 at Kings County Supreme Court in Brooklyn.