Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Fidelity Sales Practices Violated Reg BI, Advisor Says in Whistleblower Suit
By Dinah Wisenberg BrinThe firm pressured advisors to sell managed money and other products over low-cost funds, the suit says.
May 01, 2024
Former Merrill Advisor Sues Over Unvested CommissionsKelly Milligan contends he had to forfeit over $500,000 in deferred commissions.
May 01, 2024
Lawsuit Cuts Equitable's $1.3B Gain on a Universal Life Price HikeThe firm's first-quarter results include $106 million in legal expenses related to a class-action settlement.
April 30, 2024
New Arraignment Set for LPL Network Firm Worker Charged in Double SlayingThe arraignment, scheduled for May 24, follows a preliminary hearing last August for Ramy Hany Mounir Fahim.
April 26, 2024
Carson Group Turmoil Raises Big QuestionsExperts speak out on how the firm seems to have fallen short and what should be done in response.
April 25, 2024
Chamber of Commerce Sues to Block FTC's Non-Compete BanThe move follows the FTC's vote on Tuesday to issue a final rule banning non-competes provisions in nearly all cases.
April 24, 2024
Ex-CMO Sues Carson Group Over Handling of Sexual Assault: A TimelineThe lawsuit is tied to a complex set of circumstances and conversations dating back to at least mid-2021.
April 23, 2024
FTC Bans Worker Non-Compete RulesExisting non-competes for executives earning over $151,164 a year in a "policy making position" can stay in place.