Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Cetera Rep Gets 5-Year Prison Sentence for Defrauding Clients
By Jeff BermanThe former broker had pleaded guilty to wire and bank fraud on Jan. 14.
June 01, 2021
'Investment Club' Operator Convicted of Running Ponzi SchemeThe defendant allegedly obtained over $2 million from almost 100 investors, lost some of it and used some for personal expenses.
June 01, 2021
Lawsuit Accuses Former Apollo CEO Leon Black of Defamation, Sexual ViolenceA woman says Black sexually harassed her, assaulted her and compelled her to sign an NDA. Black has denied the allegations.
May 27, 2021
Judge Leaves Fate of Mass. Fiduciary Rule Unclear in Robinhood CaseBut the judge allowed the state's case against the brokerage to proceed.
May 26, 2021
Woman in NYC Birdwatcher Case Sues Franklin Templeton in FiringIn an incident that went viral, Amy Cooper called the police on a Black birdwatcher in Central Park in May 2020.
May 26, 2021
How Will the Pandemic Change Regulation?Regulators and firms have learned that remote exams can eliminate a lot of overhead.
May 21, 2021
Human Capital: FSI's Bellaire Sounds Off on DOL Withdrawal of Independent Contractor RuleFSI's David Bellaire talks about how the withdrawal of the rule is affecting advisory firms.
May 18, 2021
Ex-Raymond James Rep Who Stole From Elderly Clients Gets 5 Years in PrisonThe firm's former broker and executive pleaded guilty to defrauding two clients out of nearly $1 million.