Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
TD Ameritrade Sued Again Over MOVEit Data Breach
By Dinah Wisenberg BrinThe brokerage was negligent in using the MOVEit software despite security vulnerabilities, the plaintiff argues.
September 15, 2023
Ex-Wells Fargo Exec Avoids Prison Over Accounts ScandalCarrie Tolstedt agreed to a ban on working in the banking industry and to pay $21 million in civil penalties to regulators.
September 15, 2023
LPL Hit With Discrimination LawsuitThe former employee alleges she was denied a promotion for being a Black woman.
September 14, 2023
Fidelity, BofA, Others Face New Lawsuit Over MOVEit Data BreachFinancial, software and data processing firms failed to properly safeguard consumers' personal data, the suit alleges.
September 11, 2023
Wells Fargo's $1B Fake-Accounts Settlement Gets Judge's OKThe securities class-action settlement brings the total the bank has agreed to pay to nearly $5 billion.
September 08, 2023
Ex-Edward Jones Employee Alleges Abuse In Suit Against Firm, AdvisorThe advisor screamed at the employee repeatedly and made her cry, according to the lawsuit.
September 06, 2023
Court's Bitcoin ETF Ruling Isn't a Slam DunkWhile the court ruled for Grayscale, it didn't order the SEC to approve a spot bitcoin ETF.
September 05, 2023
New Private-Funds Rules Hit With Court Action: SEC RoundupSeveral industry groups filed an action in a federal appellate court challenging the SEC's recent private funds rules.