Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
The Big Mistake That Leaves Advisors Open to Lawsuits
By Jeff BermanToo many brokers and advisors skip a crucial step when joining a firm, legal experts like Brian Hamburger say.
February 18, 2022
New Court Date Set for Suspect in Merrill Exec's MurderThe next hearing for the former colleague and ex-boyfriend of slain Bank of America executive Michelle Avan will be on March 22.
February 16, 2022
Ex-Broker Gets 7 Years in Prison Over $2.4M Scam Targeting Older ClientsThe ex-broker told investors they were funding a shopping app but spent their money on gambling, jewelry and other items, prosecutors said.
February 15, 2022
Actor Sentenced to 20 Years in Prison Over $650M Ponzi SchemeZach Avery, whose real name is Zachary Joseph Horwitz, was also ordered to pay $230.4 million in restitution.
February 15, 2022
Judge Awards $900K to Eye Doctor Bilked by ex-Wells Fargo AdvisorThe former rep was arrested in October in the theft of over $2.86 million from five clients.
February 14, 2022
Advisor Execs Rip Hightower for Suing Breakaway RIALPL's Burt White likened the suit against Michael Policar to "hanging beheaded pirates in the harbor" as a warning.
February 11, 2022
Ex-Schwab Rep Who Bilked His Dad, Other Clients Gets 16-Plus Years in PrisonThe former broker pleaded guilty to defrauding 12 investors out of more than $3.3 million.
February 07, 2022
Ex-Cambridge Rep Gets 3-Year Prison Sentence for Stealing $472K From ClientsThe former broker pleaded guilty in September to second-degree theft by unlawful taking for scamming 24 investors.