Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Vanguard Faces Class-Action Suit Over $100 Exit Fee
By Dinah Wisenberg BrinThe charge is a "junk fee" meant to penalize customers who close accounts, the suit contends.
March 06, 2025
Ex-Morgan Stanley Advisor Sentenced to 22 Months for Swindling Older ClientRonald Diaz, who pleaded guilty to wire fraud, must pay the victim's family over $867,000.
March 03, 2025
LPL, Ex-Ameriprise Advisor Take a FINRA Hit in Recruiting BattleAn arbitration panel enjoined Douglas Kenoyer and said he wasn't entitled to Broker Protocol protections due to his conduct.
February 26, 2025
Judge Denies Ameriprise Restraining Order Against 3 Advisors Who Left for LPLAmeriprise failed to demonstrate that its case against LPL is likely to succeed, the judge ruled.
February 26, 2025
Two Former UBS Advisors Say Firm Broke Wage LawsThe ex-advisors seek a class action, alleging UBS failed to reimburse expenses and took unlawful wage deductions.
February 24, 2025
Advisor Tried to Threaten Witnesses, Bribe Officials in His Fraud Case: DOJAdam Kaplan told an associate to leave one victim "peeing blood / missing teeth," prosecutors say.
February 24, 2025
Ameriprise 'Chasing Headlines' in Client Data Dispute, LPL ArguesThe financial services firm has taken to filing serial litigation against departing advisors, the latest filing says.
February 21, 2025
Ex-Fugitive Advisor, CNBC Guest to Plead Guilty to Securities FraudJames Arthur McDonald Jr. caused investors to lose about $3 million, prosecutors say.