Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of Pay
By Hannah Levitt, Ava Benny-Morrison and Max AbelsonThe bank is demanding Jes Staley hand over all compensation from 2006 through 2013 — a figure surpassing $80 million.
March 03, 2023
SEC Charges Father-Son Advisory Team With FraudThe duo allegedly impersonated clients in phone calls to their former firm, Waddell & Reed, to execute transactions.
March 01, 2023
Ex-Vanguard Broker Charged With Killing Girlfriend Is Suspended by CFP BoardJohn Poulos of Texas was charged with femicide and obstruction of justice in Bogota, Colombia.
February 28, 2023
Supreme Court Limits Fines for Not Reporting Overseas AccountsA businessman living abroad argued that the law left unwitting taxpayers vulnerable to draconian fines.
February 27, 2023
CFPB's Funding System Gets Supreme Court Test at Biden's BehestThe court will consider whether the Consumer Financial Protection Bureau's funding system is constitutional.
February 24, 2023
Ex-Advisor Who Tried to Flee Prosecution Sentenced to 9 YearsSteven Xigoros of Massachusetts defrauded clients of more than $4.3 million and failed to pay taxes, prosecutors said.
February 22, 2023
SEC Calls for Proceedings Against Imprisoned Ex-BrokerThe former broker was convicted of defrauding the oldest Black-owned insurance company in the U.S.
February 16, 2023
DOL Rollover Guidance Is Not Dead, Lawyer Warns"I wouldn't run out and change my policies and procedures right now," says ERISA attorney Brad Campbell.