Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Merrill Broker Gets 3.5 Years in Prison for Defrauding Clients
By Jeff BermanOne of the swindled clients had received a $5 million settlement for being wrongly convicted of kidnapping and murder.
July 28, 2021
Robinhood Under FINRA Investigation, AgainThe firm received a FINRA investigative request related to its CEO and co-founder not being registered.
July 23, 2021
Coinbase Hit With Class-Action Suit Over IPO FilingSuit accuses Coinbase insiders of misleading investors about the company's financial health and resiliency.
July 16, 2021
Broker Who Won $34M Bias Suit Praises Firm's Diversity EffortsPledges can be tough to fulfill and follow-through is crucial, says former Edward Jones advisor Wayne Bland, the lead plaintiff in the class-action suit.
July 08, 2021
Merrill Faces Discrimination Suit by Black Ex-RepsTwo former Merrill brokers allege Black advisors at the firm received less compensation and were promoted less often than white advisors.
July 08, 2021
LPL Advisor Charged in Hit-and-Run DeathThe LPL broker and advisor allegedly struck a 41-year-old man with his car and then fled on foot.
June 21, 2021
Goldman Gets Review of Investor Suit in Supreme Court RulingInvestors, led by the Arkansas Teacher Retirement System, say they were deceived by the firm's assurances that it was avoiding conflicts of interest.
June 14, 2021
Dentist Turned Advisor Fined Over Fraudulent OfferingsThe advisor has agreed to pay $600,000 to settle allegations he engaged in three separate securities frauds, the SEC says.