Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Brighthouse Asks Court for Help With Annuity Tied to Murder Case
By Allison BellProsecutors have charged the beneficiary with providing the gun the owner used to kill herself.
July 15, 2024
What The Biggest Financial Frauds Can Teach UsSchemes can happen in plain sight though conduct that's largely legal.
July 15, 2024
California Advisor Charged With Child Porn PossessionThe advisor pleaded not guilty on Thursday.
July 12, 2024
DOL Fiduciary Rule Mania: What's Happening and Where It's HeadedLawmakers and opponents of the rule are piling on, but lawyers urge advisors to keep pace with compliance.
July 09, 2024
Couple Sues Schwab and Hightower, Saying Fraudsters Looted Their AccountsThieves turned off electronic account notifications and stole nearly $1 million through small transactions, the suit says.
July 08, 2024
Fidelity Hits Back at Fired Advisor's Reg BI LawsuitThe advisor was terminated for "deceptive misconduct," not for reporting rule violations tied to sales pressure, Fidelity says.
July 08, 2024
Genworth Sues Trustee Over Life Insurance Claim DelaysThe insurer wants to avoid having to pay 6% interest on the death benefits for more than 60 days.
July 05, 2024
Supreme Court Ruling Ensures Juries in Many SEC Cases: SEC RoundupWith the Jarkesy opinion, the agency may no longer pursue such claims through in-house enforcement proceedings.