Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Judge Enters Final Order in 'Dr. Cash' Ponzi Scheme
By Melanie WaddellAn unregistered advisor serving three years in prison must pay $1.7 million related to a fictitious investment fund.
April 27, 2026
Ex-Franklin Templeton Analyst Alleges Retaliation Over Fraud AllegationsJordan Strah complains in a lawsuit that the firm dismissed him after he claimed his manager deceived investors.
April 23, 2026
Federal Court Rules Against IRS Micro Captive Insurance RegulationThe judge found that the agency exceeded its statutory authority.
April 23, 2026
Ex-CFA Institute Executive Pleads Guilty to $6M TheftMichael J. Collins, CFA Institute's former chief marketing officer, embezzled almost $6 million from the group and another company.
April 23, 2026
Supreme Court Voices Little Interest in More Curbs on SECThe justices weighed restricting the financial watchdog's power to collect ill-gotten gains.
April 23, 2026
Goldman Sachs Says Ex-Star Banker Leissner Is Hiding Its MoneyTim Leissner collected more than $20 million in compensation while carrying out frauds involving Malaysia's 1MDB fund, Goldman says.
April 21, 2026
Advisor Fired After 50 Years at Wells Fargo Alleges Age DiscriminationKenneth Schneider contends in a lawsuit that his swearing at work was a pretext for the dismissal.
April 21, 2026
Labor Secretary Leaves Cabinet Amid InvestigationLori Chavez-DeRemer is accused of committing travel fraud and drinking at work.