Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SIFMA, FSI Join Suit to Strike Down DOL Fiduciary Rule
By Melanie WaddellThe trade groups join insurance industry groups in asking a court in Texas to vacate the rule.
June 27, 2024
Ameriprise, LPL Battle in Court Over Father-Son Advisor Duo Who Switched FirmsThe advisors took confidential material "in the dark of night" before leaving for LPL, Ameriprise says.
June 27, 2024
Supreme Court Curbs SEC's In-House Judges in Fraud CasesThe 6-3 decision could reduce the agency's leverage to extract high-dollar settlements.
June 24, 2024
Morgan Stanley Sued Over Low Interest Rates on Client CashThe wirehouse pays a fraction of what firms like Vanguard pay in similar accounts, the suit says.
June 24, 2024
Nassau Financial Sues Its Insurers for Help With Paying Its Legal BillsThe company wants the insurers to help defend it against a lawsuit related to cost-of-insurance charges.
June 21, 2024
Kansas City Life Accuses Ex-Employee of Burning, Stashing Policies at HomeA former assistant kept about 50 life policies and burned about 100, the insurer estimates in a lawsuit.
June 21, 2024
More SEC Rules in Peril With Private Fund Rule StrikedownTwo of the SEC's main rulemaking statutes hang in the balance after the recent Fifth Circuit decision.
June 21, 2024
Trial Date Set for Ex-Broker Charged With BofA Exec's MurderA jury trial for Anthony Duwayne Turner, accused of killing Michelle Avan, is scheduled to start Sept. 9.