Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Client Sues Broker for Losing Her $1M Divorce Settlement
By Melanie WaddellThe client, 64, must now work at Uber and DoorDash to make ends meet, according to a lawsuit.
June 03, 2022
Charles Schwab Hit With Class-Action Suit Over TD Ameritrade DealSchwab's retail clients have made less money from trades and faced increased transaction costs since the merger, the lawsuit asserts.
June 02, 2022
401(k) Group Sues DOL Over Crypto CrackdownThe lawsuit "challenges DOL's arbitrary and capricious attempt to restrict the use of cryptocurrency in defined contribution retirement plans."
May 27, 2022
Robinhood Reaches Settlement of Suits Over 2020 Trading OutageMultiple investors sued Robinhood in several states, mostly alleging restrictions by the trading platform that amounted to a breach of contract.
May 25, 2022
Barred Broker Whose Probation Was Revoked Pleads Guilty to FraudThe former Raymond James broker faces up to 50 years in prison for defrauding his clients.
May 24, 2022
Ex-Wells Fargo Exec Who Alleged Fake Job Interviews Plans to Sue Over His FiringJoe Bruno says he was terminated for complaining that women and minorities were interviewed for already-filled roles.
May 19, 2022
June Court Date Set for Suspect in BofA Exec Michelle Avan's KillingThe next hearing for Anthony Duwayne Turner will be June 17, according to the L.A. Superior Court.
May 19, 2022
Allianz Fund Managers' Paydays Could Be Followed by PrisonProsecutors say Tournant told investors safety was his top priority but secretly took undisclosed risks, resulting in fraud that cost them $7 billion.