Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Phony Advisor Pleads Guilty to Defrauding 64 Investors
By Dinah Wisenberg BrinThe 24-year-old falsely presented himself as an advisor and claimed to work with a real brokerage.
September 30, 2025
Schwab: Merrill's 'Corporate Raid' Suit Lacks EvidenceSchwab accuses Merrill of "rank speculation" in the case against the breakaway team that formed OpenArc.
September 24, 2025
Merrill Sues Schwab, Dynasty Over Mega-Team's Defection, Alleging Corporate RaidScores of Merrill advisors and other staff left an Atlanta office managing $129 billion for Dynasty-backed OpenArc.
September 18, 2025
Ex-Advisor Sentenced to 3 Years for Bilking Investors, Including Pro AthletesIan Bell spent investors' money on trips, jewelry and his fiancée’s credit card bills, prosecutors said.
September 16, 2025
SEC Accuses Florida Radio Host of Deceiving RetireesCharles Oliver used his radio show and podcast to lure clients to an investment scheme, the agency contends.
September 12, 2025
MarketCounsel Denies Ties to Jim Pavia After Social Media PostsTrump supporters are targeting the compliance firm over Pavia’s inflammatory comments after Charlie Kirk was shot.
September 12, 2025
DOL Backs Morgan Stanley on Deferred CompAdvisors who left the wirehouse have argued they're owed millions in deferred compensation.
September 12, 2025
DOJ Charging Two Men With Pumping Up Chinese Firm’s U.S. SharesThe case highlights a legal structure used to set up shell corporations in offshore locations to list on U.S. stock markets.