Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Supreme Court Ruling Could Spur 401(k) Fee Litigation
By Melanie WaddellThe ruling "has fundamentally altered the litigation framework for 401(k) excessive fee claims," says Ron Rhoades.
April 18, 2025
7 Legal Issues That May Come Up When Annuity Owners DieThe more you can do to deal with these concerns early, the better.
April 18, 2025
Schwab-TD Ameritrade Antitrust Case Settled, Notification Process UnderwayOver 25.5 million customers were to receive settlement notifications, a court document indicates.
April 17, 2025
How Opening a Morgan Stanley Account Led to a Fraud ArrestThe firm alerted authorities after a Georgia man tried to deposit $32.5 million into a brokerage account, prosecutors allege.
April 16, 2025
SEC Won't Modify Texting Settlements for LPL, Raymond James, 14 OthersSixteen firms sought to change their off-channel messaging orders, saying firms that settled later got better terms.
April 08, 2025
Fired Edward Jones Broker Charged With Fraud, Money Laundering in Alleged Theft From WidowJohn Winslow is accused of taking over $920,000 from a client and trading gold coins to conceal it.
April 04, 2025
9th Circuit Rules for Foresters in California Life Policy Lapse CaseThe court found that the policyholder was responsible for not sending her insurer a change-of-address notice.
April 02, 2025
Ex-Morgan Stanley Advisor Sentenced to 12 Years in Fraud SchemeJesus Rodriguez of El Paso, Texas, spent clients' money on himself, including a Lamborghini purchase, authorities found.