Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-RIA Comptroller in Father-Daughter Ponzi Scheme Gets 6-Year Sentence
By Jeff BermanThe former comptroller's father, an ex-Securities America broker, was previously sentenced to 13 years in prison.
October 06, 2022
In Wall Street's Biggest Gender Suit, Goldman Fought to Keep 2 Prominent Names Secret"It's interesting to me that they are fighting so hard to keep these names quiet," Gretchen Carlson said.
September 30, 2022
SEC Smites Pastor of Fake Church Over Ponzi SchemeThe Church for the Healthy Self held no religious services but ran an investment program promising 12% returns.
September 28, 2022
Madoff Victims to Get $372M in New PaymentsThe eighth payment from the U.S. Justice Department's Madoff Victim Fund increases the total recovery to $4 billion.
September 27, 2022
New DOL Fiduciary Rule Faces Another DelayThe department is grappling with two fiduciary-related lawsuits and other regulatory priorities.
September 22, 2022
Ex-CNBC Guest Analyst and Advisor, Thought to Be in Hiding, Is Charged With FraudJames Arthur McDonald Jr. allegedly lost millions of dollars of client funds in risky trading and misappropriated millions more.
September 21, 2022
Woman in Viral Central Park Video Loses Suit Against Franklin TempletonAmy Cooper sued the asset manager in May 2021, saying it had unfairly fired her and branded her a racist.
September 21, 2022
Advisor Charged With Securities Fraud in Insider Trading SchemeAn advisor allegedly traded after a friend discussed a potential acquisition at the company he worked for.