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 BermanThe next setting date for a preliminary hearing for Anthony Duwayne Turner is April 3.
March 06, 2023
Twin Advisors Defrauded 60 Clients, SEC SaysThe advisors charged higher fees than clients had agreed to, according to the SEC.
March 03, 2023
Antitrust Suit Challenging Schwab-TD Ameritrade Deal Can Proceed, Judge RulesA judge struck down Schwab's motion to dismiss the investors' class-action suit.
March 03, 2023
SEC Charges Father-Son Advisory Team With FraudThe duo allegedly impersonated clients in phone calls to their former firm, Waddell & Reed, to execute transactions.
March 01, 2023
Ex-Vanguard Broker Charged With Killing Girlfriend Is Suspended by CFP BoardJohn Poulos of Texas was charged with femicide and obstruction of justice in Bogota, Colombia.
February 28, 2023
Supreme Court Limits Fines for Not Reporting Overseas AccountsA businessman living abroad argued that the law left unwitting taxpayers vulnerable to draconian fines.
February 27, 2023
CFPB's Funding System Gets Supreme Court Test at Biden's BehestThe court will consider whether the Consumer Financial Protection Bureau's funding system is constitutional.
February 24, 2023
Ex-Advisor Who Tried to Flee Prosecution Sentenced to 9 YearsSteven Xigoros of Massachusetts defrauded clients of more than $4.3 million and failed to pay taxes, prosecutors said.