Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SEC Charges Firm, CEO With Bilking Hundreds of Clients
By Dinah Wisenberg BrinThe firm promised guaranteed investment returns and 100% capital protection, the agency says.
August 26, 2024
BNY to Pay $5M Over Swaps ReportingThe firm failed to properly report millions of swaps transactions and supervise a unit that deals them, CFTC says.
August 26, 2024
3 Florida Men Plead Guilty in Tax Fraud SchemeThe defendants required clients to pay them a portion of the fraudulently obtained refunds, DOJ says
August 26, 2024
Broker Who Defrauded Gold Star Families Gets 12 Years in PrisonCaz Craffy made unauthorized trades with their money, losing millions and reaping hefty commissions, DOJ says.
August 23, 2024
Ex-Edelman Advisor Sues Over Non-Solicitation RulesThe financial professional contends that the provisions are void under California law.
August 16, 2024
Complaint Accusing Advisor of Churning Retirees' Accounts DroppedIn the case, an RIA had been blamed for costing a couple over $800,000 through excessive and inappropriate trades.
August 15, 2024
SEC Accuses Ex-Advisor of $300M Ponzi SchemeRussell Todd Burkhalter bought a luxury lifestyle with funds from over 2,000 investors, the agency alleges.
August 14, 2024
Advisor Accused of Stealing Millions From Widowed Aunt, Former ExecScott Mason and his firm may have misappropriated money from several other investors, the widow's lawyer says.