Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ameritas Suit Could Shake Up Life Settlement Market
By Allison BellThe case turns on whether a term life policy buyer can convert it into a permanent life policy.
March 25, 2024
Voya Faces Suit Over Universal Life Policy Premium HikeThe plaintiffs contend that the premium suddenly jumped to $90,000, from $25,000, without warning.
March 25, 2024
Morgan Stanley to Pay $3M in FINRA Arbitration Over Deferred CompAmounts of deferred compensation to be paid to former advisors range from about $70,000 to more than $600,000.
March 22, 2024
House Panel Passes Bill to Quash DOL Independent Contractor RuleSupporting lawmakers say the rules are arbitrary and capricious under federal law.
March 21, 2024
Empower Sues 13 Advisors Who Broke AwayThe financial professionals were employed with Personal Capital, a company that the retirement plan provider acquired in 2020.
March 15, 2024
Advisor Accuses LPL of 'Raiding' His Firm in RetaliationThe wealth manager alleges that LPL retaliated after he started looking for another broker-dealer.
March 15, 2024
Bankman-Fried Should Get Up to 50 Years in Prison, U.S. SaysProsecutors said he led the transfer of client money from the FTX cryptocurrency exchange into Alameda Research, an affiliated hedge fund.
March 13, 2024
Credit Suisse Client in Tax Dodge Case Gets $15M BailDan Rotta, 77, was arrested Saturday in Miami and must remain under house arrest with electronic monitoring, a federal judge ruled.