Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-UBS Broker Spent $4.6M of Client Money on Gifts for Women: SEC
By Jeff BermanThe former broker is charged with defrauding a family out of more than $5 million.
January 14, 2022
Ex-Broker Gets 17.5 Years in Prison for 'Masterminding' Ponzi SchemeAt least 1,000 investors were bilked out of more than $100 million over a decade, according to the Justice Department.
January 13, 2022
Kim Kardashian, Floyd Mayweather Sued by Investors in EthereumMax TokensEMAX is described in the lawsuit as a "speculative digital token created by a mysterious group of cryptocurrency developers."
January 10, 2022
SEC Bars Ex-Advisor Charged With Defrauding At Least 100 ClientsThe ex-Raymond James and Alliance Global Partners rep faced 37 client complaints in two years, according to FINRA.
January 07, 2022
IRS' Top 10 Criminal Cases of 2021"The investigative work of 2021 has all the makings of a made-for-TV movie," the agency's top cop says.
January 07, 2022
Ex-Advisor Pleads Guilty to Role in $9.3M Ponzi SchemeThe ex-advisor allegedly sold to clients investments misrepresented as annuities and secured notes with no risk of loss.
January 06, 2022
Ex-Rep Pleads Guilty to Role in $50M Fraud SchemeA former registered representative pleaded guilty to one count each of conspiracy to commit wire fraud and securities fraud.
January 04, 2022
Precious Metals Firm Ordered to Pay $6M Over Hidden CommissionsThe firm and its founder allegedly solicited millions in investments while fraudulently charging commissions as high as 33%.