Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan Compliance Urged Bank to Drop Epstein
By Ava Benny-MorrisonIts asset and wealth management chief Mary Erdoes said recently the bank knew by "2006 that Epstein was accused of paying cash to have underage girls ... brought to his home."
April 06, 2023
Ex-Analyst Sues Vanguard for BiasThe analyst's firing was grounded in bias against his age, gender and Jewish faith, the suit alleges.
April 05, 2023
Ex-Broker Gets 4-Year Prison Sentence for $2.5M Tax EvasionJames Millegan, 65, started at Lehman Brothers in 1983 and launched his own commission based broker-dealer in 1996.
April 04, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner's next court appearance for the killing of Michelle Avan in 2021 will take place on May 8.
March 30, 2023
Federal Court Blocks Many ACA Preventive Services RequirementsThe ruling could affect clients' spending on colonoscopies and diabetes screenings.
March 28, 2023
JPMorgan CEO Jamie Dimon to Be Deposed in Epstein LawsuitsJeffrey Epstein remained a bank client for five years after he pleaded guilty to soliciting a minor for prostitution.
March 28, 2023
SEC Charges Fake Advisor With Scamming $8.4M From InvestorsThe defendant, incarcerated earlier for drug trafficking, allegedly led three schemes targeting at least 28 investors.
March 27, 2023
Schwab Wins $7M From Morgan Stanley, Ex-AdvisorsChristopher Armstrong and Randall Kiefner, fired by Morgan Stanley for violating its transition policy, refuse to pay their share. "