Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Sentenced to Almost 22 Years in Prison Over Fake-Annuity Scam
By Jeff BermanThe former Allstate, LPL and Merrill Lynch broker was convicted of stealing over $9.3 million from clients.
July 25, 2022
September Court Date Set for LPL Network Firm Employee Charged in Double MurderRamy Fahim was charged with killing a co-worker and his roommate; he could face the death penalty.
July 22, 2022
4 Reasons to Fight for Financial Planners' Legal RecognitionThis push may involve lots of resources and many years of planning and effort, but the FPA is ready to lead it.
July 20, 2022
Fidelity's Poaching Complaint Against Former Advisor and UBS Is DismissedFidelity sought injunctive relief to stop an ex-advisor who left the firm from allegedly poaching clients from it.
July 19, 2022
JPMorgan Sues Former Advisor for Allegedly Poaching ClientsJPMorgan asserts the advisor's conduct constitutes a breach of his employment agreements.
July 14, 2022
Ex-Broker Charged With Murdering BofA Exec Wins Right to See Police FilesAnthony Duwayne Turner, charged with killing his ex-girlfriend Michelle Avan, can examine files for evidence of police misconduct.
July 12, 2022
Barred Broker Sentenced to Prison for $12M Ponzi SchemeMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
July 06, 2022
Barred Broker Who Did Merrill Stint Indicted in $100M Crypto ScamJoshua David Nicholas and two other defendants were charged with conspiracy to commit wire fraud and securities fraud.