Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Second Court Halts New Fiduciary Rule, as DOL Hits Back
By Melanie WaddellAnother court in Texas has issued a decision to halt the rule's Sept. 23 implementation date.
July 25, 2024
Brighthouse Asks Court for Help With Annuity Tied to Murder CaseProsecutors have charged the beneficiary with providing the gun the owner used to kill herself.
July 23, 2024
Wells Fargo Profiled Customers, Fired Banker AllegesThe bank retaliated, Thomas Davis claims, after he reported that managers wanted prospects assessed by race and appearance.
July 16, 2024
Ex-Broker Charged With Bank Robbery Released on BondScott Tunis admitted to robbing a bank with a fake bomb after his 2022 arrest, records show.
July 15, 2024
What The Biggest Financial Frauds Can Teach UsSchemes can happen in plain sight though conduct that's largely legal.
July 15, 2024
California Advisor Charged With Child Porn PossessionThe advisor pleaded not guilty on Thursday.
July 12, 2024
DOL Fiduciary Rule Mania: What's Happening and Where It's HeadedLawmakers and opponents of the rule are piling on, but lawyers urge advisors to keep pace with compliance.
July 09, 2024
Couple Sues Schwab and Hightower, Saying Fraudsters Looted Their AccountsThieves turned off electronic account notifications and stole nearly $1 million through small transactions, the suit says.