Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Merrill Broker Arrested Over Charges Tied to $1M Scam
By Jeff BermanThe former broker allegedly used investors' funds to buy a luxury car "and pay fees for a private golf club on Long Island," says the DOJ.
December 03, 2021
10 Worst Financial Advisors in America: 2021This year's worst advisors allegedly committed some of the usual crimes—and some that will definitely surprise you.
December 02, 2021
New Court Date Set for Suspect in Merrill Exec's MurderThe next court date is Jan. 20 to set a date for a preliminary hearing for Anthony Duwayne Turner, accused of killing Michelle Avan.
November 24, 2021
Ex-Edward Jones Rep Indicted for Allegedly Defrauding Clients Out of $778KRonald Molo used some funds to pay for vehicles, credit card balances and home mortgages, prosecutors say.
November 22, 2021
Bogus Broker Who Threatened to Kill Disabled Client Gets 5-Plus Years Behind BarsGregg Brie admitted to embezzling funds from three victims, two of whom lived in his New York apartment complex.
November 18, 2021
Robinhood, Citadel Win Dismissal of Meme-Stock LawsuitRetail investors had accused the firms of colluding during January's meme-stock frenzy.
November 18, 2021
SEC Bars Stock Trading Webcast Host Over Pump-and-Dump SchemeThe SEC and DOJ previously charged him with securities fraud in separate actions.
November 18, 2021
Robinhood Sued Over Data BreachThe 7 million affected customers face a lifetime risk of identity theft due to the firm's failure to safeguard data, the suit maintains.