Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Morgan Stanley Broker Pleads Guilty to $7M Ponzi Scheme
By Jeff BermanShawn Edward Good bought at least five luxury cars with clients' money, according to prosecutors.
September 14, 2022
Judge Orders Ambassador Advisors to Pay $2M Over 12b-1 Fee InfractionsIn March, a jury ruled in favor of the SEC against Ambassador Advisors and three of its executives.
September 13, 2022
TD Ameritrade, BofA Among 4 Firms Sued Over Biometric Voice PrintsFour separate complaints allege the firms violated the California Invasion of Privacy Act.
September 09, 2022
Ex-LPL Rep Pleads Guilty to Witness Tampering, FraudThe barred broker pleaded guilty to fraud and identity theft last year but scrapped the plea deal.
September 07, 2022
Oppenheimer Fights $37M Arb Ruling Tied to Ponzi SchemeA FINRA panel said the BD must pay damages to investors allegedly bilked in a scheme run by a former rep.
September 07, 2022
BlackRock Seeks Crackdown on Copycat Domain NamesIn a lawsuit, the giant asset manager says more than 30 domain names are "confusingly similar" to the BlackRock trademark.
September 02, 2022
Edward Jones Underpaid Female Advisors, Class-Action Suit SaysA former advisor takes issue with the firm's assertion that it has identified pay gaps and "addressed" them.
September 01, 2022
Ex-Merrill Rep Settles Smoothie Lawsuit for $7,500James Iannazzo's lawyer called the settlement a "token payment."