Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
October 10, 2024
TD to Face Growth Limits, $3B Penalty for Money-Laundering Failures: WSJRegulators are likely to announce a settlement with the Canadian bank on Thursday.
October 09, 2024
Merrill Asks Judge to Dismiss Ex-Advisor's Suit Over Deferred CompThe advisor said he forfeited $500,000 in unvested funds allocated to an award plan.
October 07, 2024
Stifel Must Pay Clients Over $14M in Structured Notes Case: FINRA PanelThe award includes $9 million in punitive damages.
October 07, 2024
Wells Fargo Client Sues Over Data BreachThe bank discovered the breach in July; a lawsuit alleges the it waited three months to notify customers.
October 02, 2024
LPL CEO's Firing Catches Some by SurpriseConsultant Chip Roame says LPL has done well under the leadership of Dan Arnold, who was fired for cause.
October 02, 2024
TD Securities to Pay $28.5M to Resolve Spoofing AllegationsThe charges concern tens of billions of dollars in fraudulent trades of Treasurys, authorties said.
October 01, 2024
Schwab Nears Settlement in Antitrust Suit Over TD Ameritrade DealParties in the lawsuit told a judge they've reached a "settlement in principle."
September 27, 2024
Ameriprise Advisor Sued by Client's Estate Over Annuity SwitchThe client told her children she felt pressured to transfer assets into the new annuity, the suit alleges.
September 27, 2024
$100M Suit Against Envestnet Heads to Jury TrialThe long-running suit alleges Envestnet and Yodlee misappropriated FinancialApps' proprietary software platform.
September 26, 2024
Fired BNY Advisor Claims Age DiscriminationThe advisor says a manager made ageist remarks and dismissed him despite his consistently strong performance.