Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Tax Court Cites Life, Annuity Assets in 40% Penalty Ruling
By Allison BellThe judge found that a microcaptive arrangement was not adequately disclosed on the insured firm's tax return.
May 22, 2026
JPMorgan Denies Ex-VP's Viral Harassment Claims in Court FilingChirayu Rana's claims in the suit against the bank and executive director Lorna Hajdini are "false" and "malicious," JPMorgan said.
May 20, 2026
JPMorgan Banker Sues Ex-Colleague Over 'Fabricated' Sex ClaimsLorna Hajdini countersued a former colleague who claimed that she forced him to be her "sex slave."
May 20, 2026
Black Edward Jones Advisors Are Set Up to Fail, Class-Action Suit AllegesWhite financial advisors receive better asset transfers and compensation, according to a suit by six former advisors.
May 20, 2026
Fisher Investments Wins Temporary Block on Two Copycat Domain NamesThe RIA alleges the sites are diluting its trademark in an attempt to trick visitors into entering their data.
May 18, 2026
Long-Term Care Claimant Was Working Full Time in Demolition, Transamerica SaysInvestigators watched the man walk into an Apple store and shop alone for 30 minutes at Costco.
May 18, 2026
Fidelity's $2.5M Data Breach Settlement: What Clients Should KnowPayments to eligible investors are expected to be $100; those who can prove monetary losses can collect more.
May 14, 2026
Fired Edward Jones Advisor Sentenced to 3 Years for Nearly $1M FraudJohn S. Winslow bought his widowed client flowers and chocolate, then used her money to buy luxuries, authorities said.