Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Firm Founder Sentenced to 15 Years in Prison For Fraud
By Jeff BermanThe ex-Infinity Q Capital Management CIO was sentenced for his role in a mismarking scheme.
April 04, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecAnthony Duwayne Turner's next court appearance for the killing of Michelle Avan in 2021 will take place on May 8.
March 30, 2023
Federal Court Blocks Many ACA Preventive Services RequirementsThe ruling could affect clients' spending on colonoscopies and diabetes screenings.
March 28, 2023
JPMorgan CEO Jamie Dimon to Be Deposed in Epstein LawsuitsJeffrey Epstein remained a bank client for five years after he pleaded guilty to soliciting a minor for prostitution.
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.