Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Court Refuses to Vacate $133M Arbitration Award Against Stifel
By Dinah Wisenberg BrinThe FINRA award was tied to former financial advisor Chuck Roberts.
March 20, 2026
Ex-Advisor, Radio Host Could Face Lengthy Prison Term for FraudBrooklynn Chandler Willy of Texas just pleaded guilty to six wire fraud and four related charges in a Ponzi scheme.
March 17, 2026
Second Judge Vacates DOL Fiduciary Rule, Dealing Death BlowThe decision "closes the chapter" on the Biden administration's "legally flawed" rule, the insurance industry plaintiffs said.
March 17, 2026
Surgeon Says Morgan Stanley Mismanaged His Retirement AccountHe and his wife are seeking several million dollars in a lawsuit, alleging professional negligence and financial elder abuse.
March 17, 2026
Dynasty Argues It Can't Be Forced to Arbitrate Merrill Raid CaseDynasty disputes Merrill's contention it agreed to arbitration.
March 16, 2026
Fidelity Agrees to Pay $2.5M in Data Breach Class ActionHackers took Social Security numbers and other personal information, the lawsuit alleged.
March 16, 2026
BofA Agrees to Settle Claims It Aided Epstein Sex CrimesThe suit mainly focused on accounts allegedly used by "his co-conspirators, associates and victims."
March 13, 2026
Judge Strikes Down DOL Fiduciary RuleA federal judge in Texas vacated the rule Thursday. A new rule could come out in May.