Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor, Minister, Gets 10 Years for Real Estate Scheme
By Jeff BermanThe former CFP was ordered to pay $1.6 million in restitution after allegedly misleading clients on rental property investments.
May 11, 2023
Life Policy Buyer Sues Over Age ConflictBMI says the insurer had a duty to check and correct the insured's age.
May 03, 2023
$20M Securities Scam Targeted Church Members, DOJ, SEC SayThe scammer invoked his Christian faith and attributed his success to divine intervention, the SEC said.
April 21, 2023
Ex-Morgan Stanley, Schwab Broker Arrested on Child Porn ChargesRandall Kiefer has been charged with 21 counts related to child porn.
April 20, 2023
How Rich Is the Supreme Court?Based on 2021 financial disclosures, at least six of the Supreme Court justices are multimillionaires.
April 13, 2023
JPMorgan Compliance Urged Bank to Drop EpsteinIts asset and wealth management chief Mary Erdoes said recently the bank knew by "2006 that Epstein was accused of paying cash to have underage girls ... brought to his home."
April 12, 2023
8 Financial Managers Indicted in $72M SchemeThe defendants scammed at least 200 clients, according to prosecutors.
April 10, 2023
Firm Founder Sentenced to 15 Years in Prison For FraudThe ex-Infinity Q Capital Management CIO was sentenced for his role in a mismarking scheme.