Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Pleads Guilty in $72M Ponzi Scheme
By Dinah Wisenberg BrinAmong eight defendants in the Ohio case, Doug Miller was the second to plead guilty.
January 12, 2026
Supreme Court to Review SEC Power to Recoup Illegal GainsThe case could blunt one of the agency’s most potent enforcement tools.
January 09, 2026
Double-Murder Trial Set for Former LPL Network Firm EmployeeRamy Hany Mounir Fahim is accused of murdering a Pence Wealth Management co-worker and his roommate.
January 05, 2026
Carson Group Ex-CMO Drops Discrimination SuitCarson Group and Mary Kate Gulick jointly agreed to dismiss the case.
January 05, 2026
Advisor Pleads Guilty to Tax Evasion, Faces Up to 5 Years in PrisonJefferey Arsenault of Old Greenwich Capital Advisors also agreed to pay nearly $7 million in restitution.
January 02, 2026
Ex-Merrill Broker Sentenced to Two Years in PrisonRajesh Markan was also ordered to pay $2.5 million to investors in a fake private equity fund.
December 23, 2025
15 of the Biggest Legal Dramas in Financial Services in 2025The year in lawsuits: Poaching, an estate battle, an advisor-client affair and some eyebrow-raising emails.
December 17, 2025
Fleeced Investors Claim Wells Fargo Facilitated Ponzi SchemeThe bank allowed suspicious transactions to flow through a scammer's accounts for years, according to a class-action claim.