Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Fidelity Seeks More Time to Answer Whistleblower Suit
By Dinah Wisenberg BrinFidelity seeks more time to answer a suit alleging it put profits over clients' best interests.
May 23, 2024
Carson Group Hits Back at Former Exec's LawsuitThe firm denied wrongfully firing Mary Kate Gulick after she complained about the handling of a sexual assault report.
May 22, 2024
Ex-Nuveen Stock Trader Gets 70 Months for Insider-Trading SchemeHe tipped off an Oregon retiree about the firm's planned trades in stocks in a six-year plot involving over 1,000 trades.
May 20, 2024
Ex-Advisor Who Lied About Attempting Suicide Gets 3.5 Years for Bilking ClientThe client faced home foreclosure after the advisor failed to make mortgage payments as promised, the DOJ says.
May 20, 2024
Ex-Advisor Convicted of Swindling Couple Out of $1MJeffrey Slothower used client money to pay for a Mercedes and a country club, DOJ says.
May 16, 2024
Supreme Court Upholds Consumer Watchdog's FundingJustice Clarence Thomas helped overturn a 5th Circuit ruling against the Consumer Financial Protection Bureau.
May 10, 2024
JPMorgan Asks Court to Halt Ex-First Republic Advisors' Recruiting Loan FightJPMorgan subsidiaries and 16 advisors are sparring over loans from the defunct bank tied to recruiting bonuses.
May 09, 2024
The Ex-Girlfriend and the 401(k): A Cautionary Estate Planning TaleClients might assume their retirement accounts will simply pass to the heirs named in their will. Big mistake.