Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Black Edward Jones Advisors Are Set Up to Fail, Class-Action Suit Alleges
By Dinah Wisenberg BrinWhite financial advisors receive better asset transfers and compensation, according to a suit by six former advisors.
May 18, 2026
Fidelity's $2.5M Data Breach Settlement: What Clients Should KnowPayments to eligible investors are expected to be $100; those who can prove monetary losses can collect more.
May 14, 2026
Fired Edward Jones Advisor Sentenced to 3 Years for Nearly $1M FraudJohn S. Winslow bought his widowed client flowers and chocolate, then used her money to buy luxuries, authorities said.
May 13, 2026
Ex-LPL RIA Employee Sentenced to Life in Prison for Murdering Co-Worker, RoommateRamy Hany Mounir's Fahim's sentence includes no possibility of parole.
May 11, 2026
Transamerica Loses Appeal in Annuity Income Payment CaseThe owner planned to use the annuity for the tax benefits and cash in before income came out.
May 08, 2026
Ex-LPL RIA Employee Was Sane When He Killed Two Men, Jury FindsRamy Hany Mounir Fahim will be sentenced to life in prison without parole, a prosecutor says.
May 05, 2026
Suit Claims Morgan Stanley, Advisor Aided Financial Abuse of Former BNY ExecThe wirehouse enabled Joseph A. Grimaldi's son to raid his assets, his widow and daughter allege.
April 30, 2026
Equitable Faces Suit Over Life Policy Beneficiary Change RequestA widow says the company's delays kept her husband from completing the change before he died.