Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Madoff Scheme Victims Get New $568M Distribution
By Tom McParlandThe new distribution, prosecutors said, will bring overall recovery in the case to over $3.7 billion.
September 10, 2021
Ex-Advisor Loses Appeal, Gets 40 Years in Prison for Ponzi SchemeThe former advisor, broker and owner of a Raleigh, North Carolina, financial services firm had been convicted in 2019.
August 31, 2021
Barred Long Island Broker Arrested Again for Defrauding InvestorsHe was accused of stealing $80,000 from clients who thought they were investing in shares of Airbnb, DoorDash and Petco.
August 31, 2021
2 Veteran South Florida Lawyers Sentenced for Financial FraudThe fraud affected more than 3,600 investors in 42 states, prosecutors say.
August 24, 2021
JPMorgan Settles With Advisors Who Jumped to LPL-Affiliated FirmThe temporary restraining order that J.P. Morgan Securities had obtained against the breakaway advisors has been lifted.
August 24, 2021
As RIA Arbitration Cases Climb, It's Time to Lawyer UpCustomer complaints should be taken seriously and responses crafted with professional guidance.
August 23, 2021
4 Lessons From Recent 401(k) LawsuitsLearning from others' mistakes can help plan sponsors avoid time in court.
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.