Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill Exec
By Jeff BermanAnthony Duwayne Turner's next court appearance for the killing of Michelle Avan in 2021 will take place on May 8.
March 28, 2023
SEC Charges Fake Advisor With Scamming $8.4M From InvestorsThe defendant, incarcerated earlier for drug trafficking, allegedly led three schemes targeting at least 28 investors.
March 27, 2023
Schwab Wins $7M From Morgan Stanley, Ex-AdvisorsChristopher Armstrong and Randall Kiefner, fired by Morgan Stanley for violating its transition policy, refuse to pay their share. "
March 23, 2023
NBA Players Lost $13M in Alleged Scheme Tied to Ex-Morgan Stanley AdvisorThree players involved in the lawsuit are Jrue Holiday, Chandler Parsons and Courtney Lee, their lawyer said.
March 23, 2023
CalPERS Agrees to $820M Long-Term Care Insurance Rate Suit SettlementPolicyholders have been fighting CalPERS in court since 2013.
March 22, 2023
SEC Charges Lindsay Lohan, Other Celebrities With Crypto ViolationsRegulators also brought charges against entrepreneur Justin Sun over the unregistered sales of tokens Tronix and BitTorrent.
March 21, 2023
Advisor Charged With Defrauding Clients in Annuity Switching SchemeClients incurred over $640,000 in surrender charges, according to the SEC.
March 15, 2023
DOJ Arrests Chinese Billionaire and Steve Bannon Associate in $1B Fraud SchemeExiled businessman Guo Wengui, an associate of the former White House advisor, was "a serial fraudster," according to the SEC.