Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Why the Bitcoin ETF Ruling Is a Big Win
By Dinah Wisenberg BrinBitcoin ETFs could account for up to 10% of the cryptocurrency's market value in three years, says Sanford C. Bernstein.
August 28, 2023
Ex-Broker Appeals Life Sentence for Crimes Tied to Death of ClientThe former broker's attorney filed a notice of appeal tied to the sentence, alleging the Justice Department "overreached."
August 27, 2023
Groups Move to Support Advisor in Annuity Switching CaseThe SEC alleges that the annuity replacement scheme caused some clients to incur $640,000 in surrender charges.
August 25, 2023
Ex-Wells Fargo, LPL Rep Gets 3.5 Years in Prison for Stealing $626K From ClientsThe broker pleaded guilty to stealing from clients at both firms to fund his gambling and personal expenses.
August 24, 2023
Arraignment Set for LPL Network Firm Employee Charged in Double MurderAn arraignment for Ramy Fahim, who could face the death penalty, will be held Sept. 6.
August 24, 2023
Wells Fargo Faces John Hancock Suit Over Life Insurance IssueWhat happens when the owner of an insurance policy uses it as loan collateral and sells it through a life settlement?
August 24, 2023
Goldman, JPMorgan, Morgan Stanley & UBS to Pay $499M to Settle Stock-Lending SuitThe antitrust class action was bought by the Iowa Public Employees' Retirement System and other pension funds.
August 24, 2023
Schwab, TD Ameritrade Hit With Class-Action Suit Over MOVEit HackSchwab and TD waited nine weeks before telling the 61,000 affected customers about the breach, the suit says.