Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SEC Accuses Firm of Marketing Rule Violations, Failing to Register
By Dinah Wisenberg BrinFlorida-based Black Dragon, which didn't admit wrongdoing, posted misleading performance data on its website, the agency says.
August 30, 2024
Schwab Used Cash Sweep Funds in TD Ameritrade Deal: LawsuitSchwab struck a deal to direct at least $50 billion to TD Bank through 2031, customers allege.
August 29, 2024
Data Firm Faces a Dozen Suits Over Social Security Number LeakThe breach of National Public Data may have compromised the Social Security numbers of 272 million people.
August 28, 2024
Equitable Faces Return of Life Policy Reinstatement ClaimA 2nd Circuit panel found there may be a genuine dispute over how the insurer made a decision.
August 27, 2024
SEC Charges Firm, CEO With Bilking Hundreds of ClientsThe firm promised guaranteed investment returns and 100% capital protection, the agency says.
August 27, 2024
Battle Over New DOL Fiduciary Rule Has Just BegunStaying the rule was just the "first step" in a process that could take years, says attorney Brad Campbell.
August 27, 2024
Federal Judge Blocks FTC's Noncompete BanThe agency lacks the authority to enact the ban, a judge in Texas ruled.
August 26, 2024
BNY to Pay $5M Over Swaps ReportingThe firm failed to properly report millions of swaps transactions and supervise a unit that deals them, CFTC says.