Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Broker Who Used Client Funds to Pay Taxes, Buy Race Car Items Gets 10-Year Sentence
By Jeff BermanThe judge also ordered the former broker to pay $3.5 million in restitution.
October 17, 2023
Raymond James Hit With Sexual Harassment, Discrimination SuitThe suit also accuses Raymond James of not paying a VP as much as male co-workers.
October 17, 2023
Clients Sue Chase Over $1M in Missing CD FundsA mother and son contend they never received mailed checks from Chase totaling nearly $1.2 million.
October 17, 2023
How an IRS Contractor Leaked Tax Data on Trump, Bezos and MuskCharles Littlejohn stole tax information on thousands of wealthy Americans and leaked it to several media outlets.
October 17, 2023
Stifel Named in Civil Case Against Advisor Charged With Strangling GirlfriendThe firm neglected its duty of care to the girlfriend, who was a client, according to the lawsuit.
October 12, 2023
Transamerica Sued Over Marijuana-Linked Claim DenialFailure to disclose occasional use on a life insurance application is not material misrepresentation, the beneficiary asserts.
October 12, 2023
Ex-Barclays CEO Staley Fined $2.2M Over Epstein TiesHe is banned from work in finance after misleading U.K. regulators about his relationship with the sex offender.
October 12, 2023
Allianz Life Faces Annuity Owner SuitThe plaintiff says the insurer should have explained why it cut off ties to her advisor.