Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Sales of Much-Debated Life Product Rise 12%
By Allison BellThe total number of individual life policies sold climbed 9%, LIMRA says.
February 26, 2026
FINRA Bars Ex-Morgan Stanley Advisor Over Refusal to Share Info for ProbeThe advisor joined an RIA the month after his Morgan Stanley dismissal.
February 24, 2026
SEC Closes LPL Cash Sweep ProbeThe firm still faces class action lawsuits over low rates paid on cash and says it will defend itself.
February 23, 2026
Massachusetts Advisor, Firm to Pay $150,000 in Annuity Switching CaseJeffrey Cutter and his firm failed to disclose significant upfront commissions and other conflicts of interest, a jury found.
February 20, 2026
Transamerica, Advisory Firm Face Suit Over $25M Term Life Policy ConversionA beneficiary said he has had trouble collecting all of the benefits that should be coming from the converted policy.
February 20, 2026
Lawsuit Accuses Stifel of Mismanaging Its Employees' 401(k)The suit contends Stifel kept two poorly performing funds in the plan for over a decade.
February 19, 2026
Merrill Says Dynasty Reneged On Arbitrating Dispute Over Mega-TeamMerrill has accused Dynasty, Schwab and former senior employees of raiding a $129 billion unit to start an RIA.
February 18, 2026
Ex-NFL Player Convicted in $197M Medicare FraudJoel Rufus French was found guilty of selling patient information and sham doctors' orders for orthotic braces.