Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Scammed Client Accuses Ameriprise of Negligence
By Dinah Wisenberg BrinAn advisor should have asked more questions about suspicious withdrawals, a lawsuit suggests.
August 21, 2026
Two Texans Convicted in Ponzi Scheme Tied to Ex-San Antonio AdvisorThe trio, prosecutors say, conspired to mislead the victims concerning the security of the investments and concealed their high commissions.
August 12, 2026
LPL Advisor Must Pay UBS $5.6M Over Promissory Note BreachAn arbitration panel awarded the financial services firm amounts due under the notes, plus interest and attorneys' fees.
August 11, 2026
LPL Asks Court to Dismiss Suit Over an Annuity From a Troubled IssuerThe independent broker-dealer says that it had a brokerage relationship with the purchaser, not an advisory relationship.
August 10, 2026
Stifel Forks Over $3.6M to Settle More Claims Tied to Barred BrokerTwo additional settlements were paid in July in the ongoing Chuck Roberts dispute.
August 06, 2026
Ex-Schwab Portfolio Manager Files Whistleblower Suit After Texting ComplaintsSabya Sinha alleges that he was terminated after reporting violations to the SEC.
August 05, 2026
Fake Advisor Sentenced to 3.5 Years for Defrauding 64 InvestorsHunter Haithcock stole at least $650,000 starting in his teens, prosecutors say.
August 03, 2026
FINRA Bars Ex-Ameriprise Advisor Charged in Gambling BustElias Chris Gerodemos refused to provide documents after being charged with involvement in an illegal sports betting operation.