Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Arizona 'Advisor' Charged With 27 Counts of Mail, Wire Fraud
By Jeff BermanThe Personal Money Management president allegedly used $13.3 million in client funds to buy precious metals.
December 22, 2022
10 of the Biggest Financial Frauds of the Past 25 YearsFTX is only one of the many massive fraud cases to rock the financial world in recent decades.
December 21, 2022
The 5 Worst Advisor Crime Cases of 2022Stalking, intimidation, even murder — some of the biggest cases this year went beyond finances.
December 20, 2022
Ex-Merrill Advisor Who Threw Smoothie Catches FINRA's Eye Over Cash TransactionsFINRA says James Iannazzo structured cash transactions in his personal accounts to avoid federal reporting requirements.
December 20, 2022
Wells Fargo to Pay $3.7B for Mistreating ClientsThe action includes a $1.7 billion fine tied to issues with the bank's car loans, mortgages and deposit accounts.
December 15, 2022
TIAA Trader Charged in $47M Insider SchemeLawrence Billimek worked for TIAA unit Nuveen, where he allegedly sent tips to former day trader Alan Williams; both were arrested Wednesday.
December 14, 2022
Missouri Jury Awards $28.36M in Universal Life CaseThe lawsuit is part of a wave of cost-of-insurance charge litigation.
December 08, 2022
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingEx-Merrill broker Anthony Duwayne Turner's next hearing is nearly a year and a half after the homicide.