Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Wells Fargo Advisor's Mistake Caused Costly RMD Shortfall: Lawsuit
By Dinah Wisenberg BrinAn IRA trust fell short on RMDs, incurring big fines, based on an inaccurate birthdate, the lawsuit contends.
December 18, 2023
BlackRock Sued by Tennessee Over 'Misleading' ESG StrategyThe lawsuit is the first by a GOP official against an investment firm for its ESG strategy.
December 18, 2023
10 Worst Financial Advisors in America: 2023While most advisors make clients' lives better, others stand accused of financial crimes — and worse.
December 14, 2023
UBS Intensifies Cash Clawback From Credit Suisse DefectorsThe bank's law firms are threatening legal action if the required amounts, estimated at under $750 million, aren't returned.
December 08, 2023
FINRA Tried to Ban Firm for 60,000% Fee Hike. It's Fighting Back.Alpine and three other firms are challenging FINRA's power in court; the Supreme Court may rule on the matter next year.
December 08, 2023
Hunter Biden Indicted in Tax Case as White House Woes MountPresident Joe Biden's son faces as many as 17 years in prison if convicted of all the charges.
December 06, 2023
Pacific Life, Agent Face Suit Over $500K Payment That VanishedThe client asserts that bad wiring information caused him to transfer cash to cybercriminals.
December 05, 2023
Ex-Schwab Employee Alleges Racial, Religious DiscriminationAmong other contentions, the ex-employee says Schwab failed to accommodate his religiously required vegan diet.