Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan Goes After Ex-Broker for Taking Clients to Morgan Stanley
By Melanie WaddellAt least a dozen JPMorgan clients have moved their accounts, the bank says in a court filing.
November 05, 2024
JPMorgan Is Latest to Be Sued Over Cash SweepsA customer alleges "exploitative and unfair implementation" of the firm's bank deposit sweep program.
November 01, 2024
Ex-JPMorgan Advisor to Halt Client Poaching Amid ArbitrationGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.
October 30, 2024
Fidelity Sued Over Money Market Fund Fees"Retail class" shareholders who meet requirements for premium shares are being overcharged needlessly, the suit contends.
October 28, 2024
Ameriprise: Departing Advisors Took 4,500 Clients' Data to LPLAn LPL tool allowed recruits to upload client data beyond the Broker Protocol, Ameriprise says.
October 28, 2024
Robinhood Is Latest Firm to Be Sued Over Cash Sweep ProgramThe 0.01% interest rate for customers who don't pay a fee is a Reg BI violation, the suit claims.
October 24, 2024
Lawsuit: Schwab, BofA Failed to Protect Older Couple Scammed Out of $18.5MA fraudster persuaded an 84-year-old Schwab customer to transfer millions of dollars to outside accounts, the suit says.
October 22, 2024
JPMorgan Says Ex-Advisor Is Trying to Poach $250M BookGary Carruthers has already persuaded over 24 former clients to transfer their business to Wells Fargo, according to a lawsuit.