Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Schwab-TD Ameritrade Antitrust Case Settled, Notification Process Underway
By Dinah Wisenberg BrinOver 25.5 million customers were to receive settlement notifications, a court document indicates.
April 08, 2025
Fired Edward Jones Broker Charged With Fraud, Money Laundering in Alleged Theft From WidowJohn Winslow is accused of taking over $920,000 from a client and trading gold coins to conceal it.
April 04, 2025
9th Circuit Rules for Foresters in California Life Policy Lapse CaseThe court found that the policyholder was responsible for not sending her insurer a change-of-address notice.
April 02, 2025
Ex-Morgan Stanley Advisor Sentenced to 12 Years in Fraud SchemeJesus Rodriguez of El Paso, Texas, spent clients' money on himself, including a Lamborghini purchase, authorities found.
April 02, 2025
Commonwealth Wins Reversal of $93M SEC Revenue Sharing PenaltyA court last year found Commonwealth liable for failing to disclose a mutual fund revenue-sharing pact.
March 27, 2025
FINRA Orders Firm Expelled After Chief Justice Denies Emergency ClaimThe expulsion of Alpine Securities, which is challenging FINRA's constitutionality, won't take effect unless the SEC upholds it.
March 26, 2025
Coventry Asks Court for a Life Expectancy Forecaster's RecordsThe firm thinks the forecaster, Lapetus, is too pessmistic about how long people will live.
March 25, 2025
When to Consider a Stock Redemption Agreement for ClientsThe Supreme Court's Connelly ruling puts the buy-sell landscape in a different light.