Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Fired Wells Fargo Brokers File Age, Race Discrimination Suit
By Jeff BermanThe plaintiffs alleged that they were fired for being white and in their 60s.
June 16, 2023
Schwab Robo-Advisor Hidden Fees Case Moves to Federal CourtThe lawsuit cites an SEC order last year requiring Schwab to pay nearly $187 million for misleading statements.
June 15, 2023
Goldman Partner's Sexually Explicit Video Led to Millions in SettlementAdam Dell didn't know a camera was filming after a work project and sent the full video to a woman, say people familiar with the matter.
June 12, 2023
JPMorgan to Pay $290M to Settle Epstein Victim's SuitThe deal with the victim identified only as Jane Doe doesn't end JPMorgan's legal headache over its ties to Epstein.
June 12, 2023
JPMorgan Reaches Agreement to Settle With Epstein VictimThe biggest U.S. bank didn't say how much it agreed to pay or any other terms of the arrangement.
June 09, 2023
Ex-RBC, Ameriprise Broker Charged With Kidnapping Is Barred by FINRARBC fired Scott Matalon after he was arrested; the bar stems from a client complaint at Ameriprise.
June 08, 2023
Ex-Morgan Stanley Advisor Pleads Guilty to Money LaunderingThe ex-broker took more than $1.5 million from two close relatives who were clients, the prosecutor said.
June 06, 2023
Preliminary Hearing Set for LPL Network Firm Employee Charged in Double MurderThe next preliminary hearing for Ramy Fahim will be Aug. 15.