Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Trump Tax Prosecutors Say Ex-CFO Has Stopped Meeting With Them
By Patricia Hurtado and Greg FarrellAllen Weisselberg, star witness in the criminal tax fraud case against the Trump Organization, is no longer meeting with prosecutors. P
October 24, 2022
Ex-MassMutual Broker Pleads Guilty to Defrauding ClientsThe barred broker used a client's funds to pay down his own debt and for personal travel.
October 21, 2022
Advisor Who Tried to Flee Prosecution Pleads Guilty to Defrauding ClientsSteven Xigoros was arrested at the Newark airport while trying to board a flight to Greece in September.
October 19, 2022
Cetera to Pay $9M Over 12b-1 Fee ViolationsCetera Advisors used shares with 12b-1 fees when it knew clients were eligible for lower-cost shares.
October 18, 2022
SEC Gets 9 Final Judgments in Scheme Bilking Pro Athletes, AdvisorsThree of the defendants have been sentenced to prison.
October 18, 2022
Federal Judge OKs $25M Genworth Universal Life SettlementThe approval will affect about 13,400 Gold and Gold II policyholders.
October 18, 2022
'Cookie Cutter' BlackRock TDF Suits Should Be Tossed: Retirement GroupsThe suits will put DC plan fiduciaries "in a no-win situation," three industry groups say.
October 12, 2022
Ex-RIA Comptroller in Father-Daughter Ponzi Scheme Gets 6-Year SentenceThe former comptroller's father, an ex-Securities America broker, was previously sentenced to 13 years in prison.