Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Trump's Longtime CFO Pleads Guilty to Tax Fraud
By Patricia Hurtado and Caleb MelbyThe Trump Organization is facing the same charges as Allen Weisselberg; both pleaded not guilty last year to the tax scheme, of which the CFO was the biggest beneficiary.
August 15, 2022
How the U.S. Toppled the World's Most Powerful Gold TraderLast week, former JPMorgan employee Michael Nowak was convicted on 13 counts and now faces the prospect of decades in prison.
August 11, 2022
Robinhood Must Face Market Manipulation Claims Over Meme TradingA Miami judge dismissed some allegations against the platform, but is allowing others in a class-action lawsuit to move forward.
August 11, 2022
Barred Broker Sentenced to 5 Years in Prison Over $7M Ponzi SchemeThe ex-broker used clients' funds on credit card and country club payments, as well as Red Sox tickets.
August 10, 2022
Morgan Stanley Sued by Ex-Broker Over Arb AwardThe firm's former registered rep alleged he was wrongfully terminated and defamed by the wirehouse.
August 09, 2022
90-Year-Old Ex-Morgan Stanley Broker Who Shot Business Partner DiesThe Oklahoma City Police Department says it is "not investigating the death as anything criminal in nature."
August 09, 2022
Wells Fargo Wins Appeal in FINRA Arb Case"Nothing indicates that Wells Fargo manipulated the arbitrator pool," the appeals court in Georgia ruled.
August 05, 2022
Ex-Rep Booted Over Claims of Racism Sues LPL for $95MThe broker-dealer ended its affiliation with Eileen Cure after claims surfaced online that she had refused to hire Black job-seekers.