Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Two Sigma Quant Charged With Fraud by Federal Prosecutors
By Chris Dolmetsch and Hema ParmarThe researcher allegedly manipulated investment models so they seemed to be generating higher returns than they were.
August 29, 2025
SEC Bars Advisor Over Cherry-Picking SchemeBurleson disproportionately allocated profitable option trades to his personal account and unprofitable ones to his clients’ accounts.
August 29, 2025
Top Annuity Seller Wins Cybersquatting CaseThe other organization using a similar trademarked name runs a mobile crypto mining app.
August 28, 2025
Client Sues Advisor, MassMutual Over Premium-Financed Life StrategyThe plaintiff says the advisor should have used a 1035 exchange to get him a better deal.
August 27, 2025
Woman Sentenced to Nearly 19 Years for Scamming California InvestorsAlma Perez promised investors guaranteed, no-risk returns, said the state's attorney general.
August 27, 2025
Merrill Still Discriminates Against Black Advisor Trainees: LawsuitThey are treated as "unpaid temporary laborers to do the grunt work of gathering assets," a complaint contends.
August 26, 2025
Northern Trust Sues Ex-Employee, Saying He Stole From a ClientThe firm alleges a former relationship advisor made unauthorized transactions from a client's account.
August 22, 2025
Client of Scamming Ex-Advisor Accuses JPMorgan Chase of NegligenceScott Mason, of suburban Philadelphia, was sentenced to prison for draining millions from wealthy clients.