Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
April 13, 2021
JPMorgan Sues Ex-Advisor for Moving Clients to Wells FargoThe advisor has been calling former clients, with at least one reporting he was annoyed by multiple calls, JPMorgan says in the suit.
April 13, 2021
Ex-Schwab Client Arrested for Refusing to Return $1.2M Transferred by MistakeThe ex-client was charged with theft, bank fraud and illegal transmission of monetary funds, according to a news report.
April 12, 2021
Edward Jones Sued by Ex-Rep Over Sexual HarassmentA former advisor at the firm says a manager pressured her into "into a forced sexual encounter," according to court documents.
March 31, 2021
Schwab Sues Ex-Client Who Won't Return $1.2M Sent by MistakeThe firm alleges that a former client refuses to return money "inadvertently transferred" to her Fidelity account due to a software error.
March 31, 2021
Pa. Proud Boys Leader Charged in Capitol Riot Did Stint as Merrill Call Center RepZachary Rehl was arrested and charged with six counts.
March 29, 2021
10 Worst Financial Advisors in America: 2020Last year's worst advisors allegedly ran Ponzi schemes, stole from the elderly and veterans, and one was even charged with murdering a client.
March 29, 2021
Supreme Court Signals Narrow Ruling Likely on Goldman Investor SuitThe clash is the court's first over shareholder lawsuits since former President Donald Trump appointed three justices and created a 6-3 conservative majority.
March 26, 2021
Ex-Morgan Stanley Advisor Who Defrauded Seniors Gets 5-Year Prison SentenceThe former advisor and broker had pleaded guilty last year to charges of wire and investment advisor fraud for stealing more than $6 million from clients.
March 26, 2021
CFP Board Suspends Former UBS Broker Charged With Defrauding ClientsThe ex-broker and RIA was charged with first-degree conspiracy for allegedly conspiring to defraud investors and mortgage lenders.
March 25, 2021
Edward Jones to Pay $34M in Racial Bias SuitThe suit alleged that Edward Jones denied advancement opportunities to Black advisors because of their race.