Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Suspended Broker Who Pretended to Be Trading Whiz Pleads Guilty to Fraud
By Melanie WaddellKenneth Thom, who promoted himself on social media as "K Money," faces up to five years in prison.
March 25, 2026
Court Refuses to Vacate $133M Arbitration Award Against StifelThe FINRA award was tied to former financial advisor Chuck Roberts.
March 24, 2026
Hightower Reports Data BreachThe unauthorized access to the firm's systems affected more than 131,400 people.
March 23, 2026
Commonwealth Agrees to Pay $5M to SEC After $93M Judgment TossedThe settlement would resolve a long-running battle over disclosure of a mutual fund revenue-sharing program.
March 20, 2026
Ex-Advisor, Radio Host Could Face Lengthy Prison Term for FraudBrooklynn Chandler Willy of Texas just pleaded guilty to six wire fraud and four related charges in a Ponzi scheme.
March 17, 2026
Second Judge Vacates DOL Fiduciary Rule, Dealing Death BlowThe decision "closes the chapter" on the Biden administration's "legally flawed" rule, the insurance industry plaintiffs said.
March 17, 2026
Surgeon Says Morgan Stanley Mismanaged His Retirement AccountHe and his wife are seeking several million dollars in a lawsuit, alleging professional negligence and financial elder abuse.
March 17, 2026
Dynasty Argues It Can't Be Forced to Arbitrate Merrill Raid CaseDynasty disputes Merrill's contention it agreed to arbitration.