Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Merrill to Settle Overtime Suit for $4.9M
By John ManganaroThe firm is establishing a fund to settle allegations that it underpaid certain salaried advisors and trainees.
December 18, 2024
LPL Agrees to Purge Data From Recruited Ameriprise AdvisorsThe firms agreed to a court order in legal battle over ex-Ameriprise reps' transfer of client info.
December 13, 2024
San Antonio Advisor and Radio Host Charged With Obstructing FBI ProbeBrooklynn Chandler Willy was arrested and jailed on allegations she produced false documents in response to a subpoena.
December 10, 2024
LPL Network Firm Worker Pleads Not Guilty to Double MurderRamy Fahim is charged with killing a co-worker and the co-worker's roommate.
December 04, 2024
Court Action in Carson Group Lawsuit Pushed to May 2025A fired executive contends she faced retaliation after objecting to its response to a conference-goer's assault report.
November 20, 2024
Morgan Stanley: Advisor Who Left for Raymond James Solicited Another Rep's ClientsNicholas Takahashi's team solicited clients they'd had no personal interactions with, the wirehouse says in a court document.
November 20, 2024
Fidelity Resolves Reg BI Suit With Fired AdvisorMichael Maeker had accused Fidelity of pressuring advisors to recommend unsuitable, higher-fee investment products.
November 19, 2024
Ex-Wells Fargo Rep Gets 3 Years in Prison for $4M Health Care SchemeA former Stifel, Wells Fargo and Morgan Stanley advisor was sentenced for defrauding public health insurance plans.