Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
How a New Supreme Court Ruling Could Affect Business Owner Clients
By Allison BellOne reaction: Users of buy-sell agreements should take the disclaimers about consulting with tax advisors seriously.
June 06, 2024
SEC Hit With Lawsuit Over Texting SweepA trade group says the SEC was unclear on how penalties were calculated and why it targeted certain firms.
June 05, 2024
SEC Hedge Fund Fee Disclosure Rule Struck Down by U.S. CourtThe U.S. Fifth Circuit Court of Appeals in New Orleans on Wednesday sided with the private funds industry.
June 03, 2024
Annuity Issuer Unit Sues Majesco Over Agent Relations SoftwareF&G Life Business Services says it spent $8.3 million and received no new working tools.
June 03, 2024
Medicare Plan Pay Confusion Could Wreck 2025 Enrollment, Lawsuits WarnDistributors say they need certainty by July to make agent hiring, marketing and advertising decisions.
May 31, 2024
Will an Ex-Fidelity Advisor's Reg BI Suit Catch the SEC's Eye?The case could have implications for the broader financial services industry, lawyers say.
May 29, 2024
How Carson Group Ex-CMO's 'Toxic' Culture Suit Might EndThe RIA would face steep risks in going to trial, but it's not out of the question, employment lawyers say.
May 29, 2024
Merrill Settles Racial Discrimination Suit for Nearly $20MIn a class action, Black former advisors and trainees said they were paid less and promoted less often.