Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Health Care Group to Pay $2M for Misleading Clients
By Michael S. FischerHealth Plan Intermediaries Holdings left consumers with limited coverage and tens of thousands of dollars in bills, says California's insurance commissioner.
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.
August 05, 2021
Interactive Brokers Hit With Class-Action Suit Over $23M Ponzi SchemeThe firm disregarded its own compliance department's red flags and written internal compliance policies to further aid the scheme, the suit states.
July 28, 2021
Robinhood Under FINRA Investigation, AgainThe firm received a FINRA investigative request related to its CEO and co-founder not being registered.
July 23, 2021
Coinbase Hit With Class-Action Suit Over IPO FilingSuit accuses Coinbase insiders of misleading investors about the company's financial health and resiliency.
July 16, 2021
Broker Who Won $34M Bias Suit Praises Firm's Diversity EffortsPledges can be tough to fulfill and follow-through is crucial, says former Edward Jones advisor Wayne Bland, the lead plaintiff in the class-action suit.