Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Data Firm Faces a Dozen Suits Over Social Security Number Leak
By Dinah Wisenberg BrinThe breach of National Public Data may have compromised the Social Security numbers of 272 million people.
August 27, 2024
Battle Over New DOL Fiduciary Rule Has Just BegunStaying the rule was just the "first step" in a process that could take years, says attorney Brad Campbell.
August 27, 2024
Federal Judge Blocks FTC's Noncompete BanThe agency lacks the authority to enact the ban, a judge in Texas ruled.
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.