Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-LPL Rep Pleads Guilty to Witness Tampering, Fraud
By Jeff BermanThe barred broker pleaded guilty to fraud and identity theft last year but scrapped the plea deal.
September 02, 2022
Edward Jones Underpaid Female Advisors, Class-Action Suit SaysA former advisor takes issue with the firm's assertion that it has identified pay gaps and "addressed" them.
September 01, 2022
Ex-Merrill Rep Settles Smoothie Lawsuit for $7,500James Iannazzo's lawyer called the settlement a "token payment."
August 31, 2022
Up Next at Supreme Court: How Much Tax Pain Should Expats Face?The U.S. is unique in the level of tax torment it imposes on citizens abroad. But the justices could show mercy.
August 29, 2022
Barred Broker Sentenced to 7 Years for FraudMichael Francis Shillin's pretrial probation was revoked after he took an unauthorized Caribbean trip.
August 23, 2022
Leader of $310M Ponzi Scheme Involving Hundreds of Advisors Gets 10 Years in PrisonScott Kohn conspired with a vast network of advisors and agents to scam veterans and retirees, DOJ said.
August 19, 2022
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingEx-Merrill advisor Anthony Duwayne Turner's preliminary hearing will take place more than a year after the homicide.
August 19, 2022
Morgan Stanley's $10.2M Deal Over Advisor Expenses Heads Back to CourtThe settlement is tied to a class-action complaint that the firm didn't correctly reimburse some 3,000 advisors.