Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
JPMorgan Settles With Advisors Who Jumped to LPL-Affiliated Firm
By Jeff BermanThe temporary restraining order that J.P. Morgan Securities had obtained against the breakaway advisors has been lifted.
August 23, 2021
Goldman Sachs, Former In-House Attorney End Retaliation SuitMarla Crawford has filed to dismiss a suit that alleged she was fired by the investment firm for trying to bring information on sexual harassment to light.
August 20, 2021
Health Care Group to Pay $2M for Misleading ClientsHealth Plan Intermediaries Holdings left consumers with limited coverage and tens of thousands of dollars in bills, says California's insurance commissioner.
August 20, 2021
UnitedHealth to Pay $14.3M in 'Landmark' Settlement Over Mental Health Parity LawThe insurer will end policies that created a coverage gap between those receiving traditional treatments and those in psychotherapy.
August 18, 2021
CFTC Sues Centurion Capital Management Over Alleged Commodity Pool FraudCenturion was required to register with the CFTC as a commodity pool operator, Svejda as an associated person. Neither did so.
August 16, 2021
LPL, WEG Advisor Faces Child Porn ChargesWealth Enhancement Group says it terminated the advisor after his arrest last week.
August 13, 2021
Ex-Merrill Broker Gets 3.5 Years in Prison for Defrauding ClientsOne of the swindled clients had received a $5 million settlement for being wrongly convicted of kidnapping and murder.
August 09, 2021
SEC Bars Ex-Pimco CEO Hodge Over College Admissions ScamThe sanction comes more than a year after the executive was sentenced to nine months in prison for his actions.