Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
March 12, 2021
Unregistered Investment Advisor Pleads Guilty to Securities FraudHe took millions of dollars of client money out of the funds he managed to repay other investors, prosecutors said.
March 09, 2021
The 10 Most-Fined Financial Services FirmsOver the past 20 years, financial firms have paid more fines than all other industries combined, according to a marketing firm.
February 19, 2021
'Roaring Kitty' Sued for Securities Fraud Over GameStop RiseThe proposed class action against Keith Gill accuses him of misrepresenting himself as an amateur investor.
February 09, 2021
Lawsuits Over GameStop Trading Expand Beyond Robinhood, Alleging an Antitrust Conspiracy"I'm kind of blown away at how big this could be," a lawyer says.
February 04, 2021
GPB Capital CEO, 2 Others Arrested in Scheme That Bilked 17,000 InvestorsThe SEC and seven state securities agencies also filed regulatory actions tied to the $1.7 billion scheme.
November 16, 2020
Advisor Hunted by FBI Now Faces SEC ChargesThe advisor, missing since September, also faces a class-action suit and an IRS investigation.
October 14, 2020
Fake N.J. Advisor Indicted for $2.1M ScamThe defendant promised his clients 25% returns, prosecutors say.