Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
First Command Sues LPL Over Alleged Advisor Poaching
By Jeff BermanThe military-focused firm says LPL recruited three of its advisors and caused them to violate agreements.
May 16, 2023
Ex-Advisor, Minister, Gets 10 Years for Real Estate SchemeThe former CFP was ordered to pay $1.6 million in restitution after allegedly misleading clients on rental property investments.
May 16, 2023
Wells Fargo to Pay $1B in Class-Action LawsuitIt's one of the largest securities class-action settlements of the past decade, according to lawyers for the investors.
May 12, 2023
Fake Billionaire Hedge Fund Manager Ran Ponzi Scam, US SaysThe ex-trader lied about everything from a nonexistent luxury car collection to phony 200% returns, prosecutors say.
May 11, 2023
Life Policy Buyer Sues Over Age ConflictBMI says the insurer had a duty to check and correct the insured's age.
May 03, 2023
$20M Securities Scam Targeted Church Members, DOJ, SEC SayThe scammer invoked his Christian faith and attributed his success to divine intervention, the SEC said.
April 21, 2023
Ex-Morgan Stanley, Schwab Broker Arrested on Child Porn ChargesRandall Kiefer has been charged with 21 counts related to child porn.
April 20, 2023
How Rich Is the Supreme Court?Based on 2021 financial disclosures, at least six of the Supreme Court justices are multimillionaires.