Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Schwab Robo-Advisor Hidden Fees Case Moves to Federal Court
By Dinah Wisenberg BrinThe lawsuit cites an SEC order last year requiring Schwab to pay nearly $187 million for misleading statements.
June 12, 2023
JPMorgan Reaches Agreement to Settle With Epstein VictimThe biggest U.S. bank didn't say how much it agreed to pay or any other terms of the arrangement.
June 09, 2023
Ex-RBC, Ameriprise Broker Charged With Kidnapping Is Barred by FINRARBC fired Scott Matalon after he was arrested; the bar stems from a client complaint at Ameriprise.
June 08, 2023
Ex-Morgan Stanley Advisor Pleads Guilty to Money LaunderingThe ex-broker took more than $1.5 million from two close relatives who were clients, the prosecutor said.
June 06, 2023
Preliminary Hearing Set for LPL Network Firm Employee Charged in Double MurderThe next preliminary hearing for Ramy Fahim will be Aug. 15.
June 05, 2023
Wells Fargo Seeks to Settle 'Banking While Black' CaseLawyers for the bank and borrowers said they've agreed to work with a former federal judge to try to resolve a group of class-action lawsuits
June 02, 2023
Pretrial Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner's next hearing is scheduled for July 10, the L.A. district attorney's office says.
June 02, 2023
Morgan Stanley Retaliated Against Whistleblower, Suit ClaimsThe employee asserts she was terminated after reporting colleagues using co-workers' passwords to make customer trades.