Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Cetera Advisor Charged With Defrauding Older Client Out of $2.4M
By Jeff BermanThe SEC also alleges the advisor liquidated the client's holdings and transferred the proceeds to her own accounts.
July 27, 2023
Twin Advisors Indicted on Fraud ChargesAdam and Daniel Kaplan are accused of bilking at least 60 clients out of at least $5 million.
July 26, 2023
Hunter Biden's Plea Deal on Tax Charges in LimboA hearing over the plea agreement tied to misdemeanor tax crimes and a firearm violation ended on Wednesday without resolution.
July 25, 2023
Ex-UBS Advisor Says Firm Fired Him Over His DepressionThe wirehouse failed to reasonably accommodate his treatment, according to a lawsuit.
July 24, 2023
Advisor Fights SEC in Annuity Switching CaseJeffrey Cutter didn't violate the Advisers Act because he was acting as an insurance agent, his lawyers argue.
July 21, 2023
Prudential Overcomes Federal Appeal in Annuity Design CaseCase documents show how firms created and presented a product proposal.
July 20, 2023
Appeals Court Sides With Aon in Lowe's 401(k) SuitPlaintiffs objected to the firm selling one type of service to the plan while providing another.
July 20, 2023
Ponzi Schemer Who Got Trump Clemency Charged in New Fraud CaseEliyahu "Eli" Weinstein and four others were charged with defrauding more than 150 investors of $35 million.