Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SEC Hit With Lawsuit Over Texting Sweep
By Melanie WaddellA trade group says the SEC was unclear on how penalties were calculated and why it targeted certain firms.
June 03, 2024
Medicare Plan Pay Confusion Could Wreck 2025 Enrollment, Lawsuits WarnDistributors say they need certainty by July to make agent hiring, marketing and advertising decisions.
May 31, 2024
Will an Ex-Fidelity Advisor's Reg BI Suit Catch the SEC's Eye?The case could have implications for the broader financial services industry, lawyers say.
May 29, 2024
Merrill Settles Racial Discrimination Suit for Nearly $20MIn a class action, Black former advisors and trainees said they were paid less and promoted less often.
May 29, 2024
How Carson Group Ex-CMO's 'Toxic' Culture Suit Might EndThe RIA would face steep risks in going to trial, but it's not out of the question, employment lawyers say.
May 28, 2024
Former FTX Exec Sentenced to 7.5 Years in PrisonRyan Salame is the first of of Sam Bankman-Fried's close associates to be sentenced on criminal charges.
May 28, 2024
Fidelity Seeks More Time to Answer Whistleblower SuitFidelity seeks more time to answer a suit alleging it put profits over clients' best interests.
May 24, 2024
9 Groups File New Suit Challenging DOL Fiduciary Rule RegsThe ACLI, IRI and other plaintiffs have accused officials of failing to analyze the changes' potential impact properly.