Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Pacific Life Sold Complex IUL Policy as Retirement Strategy: Lawsuit
By Melanie WaddellTwo retirees say they were induced to liquidate $1.5 million in savings to purchase an unsuitable insurance product.
February 10, 2026
Judge Dismisses Class-Action Suit Over Vanguard's $100 Exit FeeThe federal court allowed the plaintiff to amend and refile the complaint against the investment giant.
February 09, 2026
$133M Award Against Stifel Should Stand, Judge SaysThe magistrate judge's opinion addresses a FINRA arbitration award tied to a barred advisor.
February 06, 2026
Commonwealth, SEC Reach Tentative Settlement Over $93M PenaltyThe long-running case centers on revenue sharing payments.
February 04, 2026
Aon Agrees to $15M Settlement With Pennsylvania TeachersCalculation errors and bad advice caused the teachers to make millions of dollars in extra pension contributions, a suit alleged.
February 04, 2026
Senators Slam UBS for Obstructing Nazi Accounts Probe"UBS's conduct is absurd and a historic shame," Judiciary Committee Chairman Chuck Grassley said.
February 04, 2026
81 Year-Old Plaintiff Seeks Expedited Hearing in $35M Northern Trust Elder Fraud SuitElizabeth Madden is asking the court to hear the case by Aug. 3 due to her age and declining health.
February 03, 2026
Ex-Advisor Sentenced to 20 Years in Prison for $94M Ponzi SchemeAbout 25 Venezuelans applauded as a court official handcuffed Andrew Jacobus and escorted him away, the Miami Herald reported.