Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Vanguard to Pay $40M in Target-Date Sell-Off Case
By Melanie WaddellIt caused an "elephant stampede" sale of these funds when it opened institutional products to more retirement plans.
October 30, 2024
Fidelity Sued Over Money Market Fund Fees"Retail class" shareholders who meet requirements for premium shares are being overcharged needlessly, the suit contends.
October 28, 2024
Ameriprise: Departing Advisors Took 4,500 Clients' Data to LPLAn LPL tool allowed recruits to upload client data beyond the Broker Protocol, Ameriprise says.
October 28, 2024
Robinhood Is Latest Firm to Be Sued Over Cash Sweep ProgramThe 0.01% interest rate for customers who don't pay a fee is a Reg BI violation, the suit claims.
October 24, 2024
Lawsuit: Schwab, BofA Failed to Protect Older Couple Scammed Out of $18.5MA fraudster persuaded an 84-year-old Schwab customer to transfer millions of dollars to outside accounts, the suit says.
October 22, 2024
JPMorgan Says Ex-Advisor Is Trying to Poach $250M BookGary Carruthers has already persuaded over 24 former clients to transfer their business to Wells Fargo, according to a lawsuit.
October 22, 2024
Carson Group, Fired Exec to Update Judge on Potential SettlementMary Kate Gulick sued the firm in April over her firing.
October 22, 2024
'A Wake Up Call to the Life Insurance Industry:' California Sues InsurersThe case was filed against American General, Lincoln Benefit, Everlake and Transamerica.