Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Commonwealth Wins Reversal of $93M SEC Revenue Sharing Penalty
By Melanie WaddellA court last year found Commonwealth liable for failing to disclose a mutual fund revenue-sharing pact.
March 25, 2025
When to Consider a Stock Redemption Agreement for ClientsThe Supreme Court's Connelly ruling puts the buy-sell landscape in a different light.
March 25, 2025
Barred Broker Charged in Alleged $1.24M Ponzi SchemeMarat Likhtenstein, who was fired from Osaic in 2024, now faces grand larceny charges.
March 25, 2025
JPMorgan Fights New 401(k) Lawsuit Alleging ‘Devastating’ Participant LossesEmployees are suing over $2.4 billion in plan assets invested in an in-house stable value fund.
March 21, 2025
How Citi’s PE ‘Club’ Underwhelmed Billionaire Members, Led to LawsuitsAfter the club's shutdown, growing investment dollars is a top priority for Wealth head Andy Sieg.
March 20, 2025
Cambridge to Pay $15M Over Revenue Sharing, Wrap Account ConflictsThe firm will pay $10 million in disgorgement, $3 million in interest and a $1.8 million SEC fine.
March 20, 2025
Stifel Hit With Class Action Suit Over Cash SweepsIn 2023, the firm earned 6.08% on deposits and paid as little as 0.01%, the complaint states.
March 19, 2025
FINRA Panel Orders Stifel to Pay $7M to Breakaway AdvisorsThe award came the same week that the regulator ordered it to pay $132 million in another case.