Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
RBC's Former CFO Sues Bank, Denies Affair With Colleague
By Chunzi Xu & Jacob LorincFired in April, Nadine Ahn says she suffered "reputational harm" and "humiliation" and is asking for $36 million in pay and damages.
August 06, 2024
TIAA, Morningstar Accused of Funneling Assets to Proprietary ProductsPlaintiffs say the two firms improperly steered retirement plan investors toward profitable in-house vehicles.
August 01, 2024
Dropbox Co-Founder Claims JPMorgan Advisor Cost Him Over $225MArash Ferdowsi alleges that he was steered to unsuitable investments rather than index funds.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 30, 2024
Amerprise Sues LPL Over 'Shocking' Recruiting TacticsThe firm accuses LPL of "systematically" directing its recruits to take confidential client information.
July 29, 2024
Second Court Halts New Fiduciary Rule, as DOL Hits BackAnother court in Texas has issued a decision to halt the rule's Sept. 23 implementation date.
July 26, 2024
DOL Fiduciary Rule Halted by Texas CourtThe delay of the Sept. 23 effective date kicks off a "long litigation journey," an ERISA lawyer says.
July 25, 2024
Client Sues Creative Planning for Missing Roth IRA ConversionThe retiree contends Creative Planning suggested annual Roth conversions, then failed to make one.