Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Janus 401(k) Plan Loaded With Subpar Proprietary Funds, Suit Claims
By Melanie WaddellThe Janus Henderson Funds also "charged higher fees relative to nonproprietary alternatives," the suit states.
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.
October 10, 2022
Ex-Edward Jones Broker Who Scammed Clients Permanently Blocked From Securities BusinessRonald T. Molo was previously indicted for defrauding three investors out of about $800,000.
October 07, 2022
Ex-Broker Found Guilty of Fraud Related to Murder of ClientKeith Todd Ashley was charged with murder while under investigation in a suspected fraud scheme.