Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Citi Advisor Charged With Fraud in Film Investment Scheme
By Dinah Wisenberg BrinHelen Caldwell solicited clients to invest in her movie projects and spent their money on herself, prosecutors say.
January 16, 2024
FSI Resumes Legal Fight Over DOL Independent Contractor RuleTrade groups fired a new salvo in a legal battle that has been halted since 2022.
January 12, 2024
Life Insurer Faces Legal Pushback From Its Own InsurersThe companies are fighting a Nassau Financial subsidiary's claims for coverage against state class-action lawsuits.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.
January 11, 2024
Advisors Battle Morgan Stanley Over Deferred Comp 'Clawback'About a dozen former advisors say the firm improperly withheld deferred compensation in violation of ERISA.
January 11, 2024
Morgan Stanley Could Pay Up to $300M to Settle Trading ProbeThe yearslong investigation has focused on its employees' handling of stock sales big enough to move markets.
January 08, 2024
Estates Sue Over $26M in Life Policies Held by U.S. BankThe plaintiffs call the policies stranger-originated and maintain that investors have no right to the death benefits.
January 05, 2024
New Pretrial Date for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner is accused of killing former girlfriend Michelle Avan in 2021; he has pleaded not guilty.