Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Former CFA Executive Gets Up to 9 Years for Embezzlement
By Chris DolmetschMichael J. Collins, CFA Institute's former chief marketing officer, was sentenced Monday in New York state court.
June 12, 2026
Ken Leech Pleads Guilty to Obstructing SEC Probe Into $600M TradesThe former star bond trader admitted at a court hearing that he lied to the Securities and Exchange Commission.
June 08, 2026
LPL Faces Suit Over Clients' PHL Life and Annuity HoldingsThe plaintiffs say LPL advisors "intentionally left them in the dark" about the issuer's finances.
June 08, 2026
Cetera Hit With Class-Action Suit Over Cash Sweep ProgramThe BD paid interest rates as low as 0.06% as the federal funds rate surged, the suit says.
June 05, 2026
Barred Oregon Advisor Pleads Guilty to $1.6M Investment FraudJeffrey Thomas Higgins, who defrauded at least 14 investors, faces up to five years in prison.
June 03, 2026
Greg Lindberg, Global Bankers Founder, Gets 12-Year Prison SentenceHe also faces a $1.655 billion restitution order, a $200 million forfeiture order and more litigation.
May 28, 2026
LTC Claimant Hit by Default Judgment Talks About the CaseThe demolition firm owner said he did not understand his long-term care benefits.
May 28, 2026
Epstein Files Reveal Long-Running Ties With One Wealth ManagerPaul Morris was part of the concierge team that shepherded Epstein's wealth at two of the world's largest banks.