Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Allianz Fund Managers' Paydays Could Be Followed by Prison
By Neil Weinberg and David VoreacosProsecutors say Tournant told investors safety was his top priority but secretly took undisclosed risks, resulting in fraud that cost them $7 billion.
May 05, 2022
Barred Broker Gets Over 9 Years in Prison for $100M Ponzi SchemeThe former broker was convicted of bilking more than 40 investors.
May 04, 2022
TurboTax to Pay $141M to Settle Claim It Duped ConsumersTurboTax lured customers with promises of free tax preparation only to "deceive them into paying for services," New York Attorney General Letitia James says.
April 29, 2022
Can Federal Courts Override SEC Enforcement Actions?: SEC RoundupCivil liberties lawyer Peggy Little discusses whether SEC defendants can challenge the SEC's hearing process in court.
April 26, 2022
May Court Date Set for Suspect in BofA Exec Michelle Avan's KillingThe next hearing for Anthony Duwayne Turner is scheduled for May 18, according to the district attorney's office.
April 25, 2022
LPL Network Firm Employee Could Face Death Penalty in Double Murder CaseRamy Fahim was charged with special circumstances murders for allegedly stabbing two people, including his co-worker.
April 22, 2022
2 Found Dead; LPL Network Firm Employee ArrestedPolice suspect Ramy Fahim of Pence Wealth Management of killing a co-worker and his roommate.
April 19, 2022
Ex-Morgan Stanley Rep Ran Multimillion-Dollar Ponzi Scheme, SEC SaysThe ex-broker allegedly blew over $800,000 of clients' funds on luxury cars and his credit card payments.