Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
New Health Insurance Suit Could Affect DOL Fiduciary Rule Litigation
By Allison BellThe plaintiffs are questioning how well officials considered objections and analyzed the regulations' impact.
May 20, 2024
Ex-Advisor Who Lied About Attempting Suicide Gets 3.5 Years for Bilking ClientThe client faced home foreclosure after the advisor failed to make mortgage payments as promised, the DOJ says.
May 20, 2024
Ex-Advisor Convicted of Swindling Couple Out of $1MJeffrey Slothower used client money to pay for a Mercedes and a country club, DOJ says.
May 16, 2024
Supreme Court Upholds Consumer Watchdog's FundingJustice Clarence Thomas helped overturn a 5th Circuit ruling against the Consumer Financial Protection Bureau.
May 10, 2024
JPMorgan Asks Court to Halt Ex-First Republic Advisors' Recruiting Loan FightJPMorgan subsidiaries and 16 advisors are sparring over loans from the defunct bank tied to recruiting bonuses.
May 09, 2024
The Ex-Girlfriend and the 401(k): A Cautionary Estate Planning TaleClients might assume their retirement accounts will simply pass to the heirs named in their will. Big mistake.
May 08, 2024
Fidelity Sales Practices Violated Reg BI, Advisor Says in Whistleblower SuitThe firm pressured advisors to sell managed money and other products over low-cost funds, the suit says.
May 07, 2024
Trustee Says Schwab Is Hoarding His Father's Money: LawsuitThe trustee accuses Schwab of fraud and other violations for refusing to liquidate the account.