Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Schwab Employee Alleges Racial, Religious Discrimination
By Dinah Wisenberg BrinAmong other contentions, the ex-employee says Schwab failed to accommodate his religiously required vegan diet.
December 01, 2023
SEC's Use of In-House Judges Cast in Doubt by Supreme CourtThe justices suggested that fraud defendants have a constitutional right to a jury trial.
November 28, 2023
Equitable, Consultant Sued Over Rollover Into an AnnuityA retiree says he was led to believe, incorrectly, that he would get a minimum income guarantee.
November 27, 2023
Advisor Accused of Churning Retired Couple's PortfolioThe advisor allegedly made over $75 million in trades in 2021, according to the suit, which was later dropped.
November 21, 2023
Ex-Advisor Solicited Client Money for Film Business, Regulators SayChecks to Canal Productions represented self-dealing at an elderly client's expense, the inquiry alleges.
November 20, 2023
Edelman Accuses Mariner Wealth of Poaching SchemeMariner has "openly stated that its purpose is to 'run Edelman out of business,'" a lawsuit alleges.
November 20, 2023
New York Life Faces Hiring Suit Linked to Adult FilmThe applicant says the company withdrew a job offer because of a work made and distributed against her will.
November 16, 2023
UnitedHealth Faces Suit Over AI-Based Medicare Advantage Claim DenialsThe plaintiffs assert that the predictive system used to justify denials of post-acute care is too rigid.