Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Advisor Who Tried to Flee Prosecution Pleads Guilty to Defrauding Clients
By Jeff BermanSteven Xigoros was arrested at the Newark airport while trying to board a flight to Greece in September.
October 18, 2022
Federal Judge OKs $25M Genworth Universal Life SettlementThe approval will affect about 13,400 Gold and Gold II policyholders.
October 18, 2022
'Cookie Cutter' BlackRock TDF Suits Should Be Tossed: Retirement GroupsThe suits will put DC plan fiduciaries "in a no-win situation," three industry groups say.
October 12, 2022
Ex-RIA Comptroller in Father-Daughter Ponzi Scheme Gets 6-Year SentenceThe former comptroller's father, an ex-Securities America broker, was previously sentenced to 13 years in prison.
October 10, 2022
Ex-Edward Jones Broker Who Scammed Clients Permanently Blocked From Securities BusinessRonald T. Molo was previously indicted for defrauding three investors out of about $800,000.
October 07, 2022
Ex-Broker Found Guilty of Fraud Related to Murder of ClientKeith Todd Ashley was charged with murder while under investigation in a suspected fraud scheme.
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.