Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
10 Worst Financial Advisors in America: 2021
By Jeff BermanThis year's worst advisors allegedly committed some of the usual crimes—and some that will definitely surprise you.
November 22, 2021
Bogus Broker Who Threatened to Kill Disabled Client Gets 5-Plus Years Behind BarsGregg Brie admitted to embezzling funds from three victims, two of whom lived in his New York apartment complex.
November 18, 2021
Robinhood, Citadel Win Dismissal of Meme-Stock LawsuitRetail investors had accused the firms of colluding during January's meme-stock frenzy.
November 18, 2021
SEC Bars Stock Trading Webcast Host Over Pump-and-Dump SchemeThe SEC and DOJ previously charged him with securities fraud in separate actions.
November 18, 2021
Robinhood Sued Over Data BreachThe 7 million affected customers face a lifetime risk of identity theft due to the firm's failure to safeguard data, the suit maintains.
November 17, 2021
Bogus Broker Pleads Guilty to Securities Fraud, Faces Up to 25 Years in PrisonThe scammer posed as a broker and obtained over $2.7 million from at least 19 investors, prosecutors say.
November 11, 2021
Schwab Asks Court to Dismiss Class-Action Suit Over Cash SweepsThe firm says the case should be dismissed "for lack of jurisdiction" and a "failure to state a claim on the merits."
November 11, 2021
'Wolf of Wall Street' Prosecutor Joins Crypto Investment Startup as General CounselAdam Schuman is taking over as the top lawyer for ex-Morgan Stanley co-president Zoe Cruz's digital asset investment banking company Menai Financial Group.