Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Barred Broker's Probation Revoked After Unauthorized Caribbean Trip
By Jeff BermanThe former Raymond James and Alliance Global Partners rep had been charged with defrauding at least 100 clients.
April 14, 2022
Ex-Head of RIA Sentenced to 12 Years in Prison Over $120M ScamThe former IIG managing partner and CIO was also sentenced to three years of supervised release.
April 11, 2022
Wells Fargo Appeals Arb Ruling Struck Down in CourtThe findings in the judge's order "are false and wholly unsupported by the record," Wells Fargo Advisors states.
April 08, 2022
Former Goldman Banker Ng Found Guilty in 1MDB Fraud SchemeRoger Ng, the only Goldman Sachs banker to go to trial over the global scandal.
April 08, 2022
Supreme Court's Ameriprise Decision Won't Change FINRA Arb Process: AttorneyThe decision "will push more efforts to confirm or vacate arbitration awards to the state courts," said PIABA's president.
April 05, 2022
Wells Fargo to Pay $32.5M in 401(k) SuitIt put employees' retirement assets into proprietary CITs with high fees and no track record, the suit states.
March 31, 2022
Kitces: The Big Mistake That Led to Massachusetts Fiduciary Rule's DemiseThe state "took the wrong approach to begin with" in enforcing the rule against Robinhood, Kitces opined.
March 31, 2022
Massachusetts Fiduciary Rule Struck Down in Robinhood CaseThe ruling is a victory for Robinhood; Massachusetts' top securities regulator, William Galvin, is considering an appeal.