Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Gets 3 Life Sentences for Bilking Senior Churchgoers in Texas
By Jeff BermanWilliam Neil "Doc" Gallagher, a radio personality, ran a $32 million scam, prosecutors say.
October 19, 2021
TIAA Sues Ex-Advisors for Allegedly Soliciting ClientsThree advisors left TIAA to start Tidewater Wealth Management and allegedly tried to take clients with them.
October 18, 2021
The SEC Is Bringing Novel Insider-Trading CasesIt's taking an increasingly aggressive approach toward material nonpublic information, even in non-insider trading cases.
October 11, 2021
Allianz Sued for 'Assessing a Surrender Charge on the Surrender Charge' in VAsThe insurer used a formula that inflated surrender charges on variable annuities, the plaintiffs say.
October 11, 2021
Coinbase Hit With Class-Action Suit for Failure to Register as an ExchangeCoinbase has denied that the digital assets it lists on the Coinbase Digital Asset Platforms are securities, the suit states.
October 08, 2021
Gramercy Advisors Sues Jacksonville Jaguars Owner in Tax Avoidance CaseBillionaire Shahid Kahn sued Gramercy after the IRS and state authorities disallowed tax losses he had claimed.
October 06, 2021
FINRA Bars Ex-Primerica Broker Charged With Elder TheftThe former broker allegedly misappropriated two older siblings' funds, bilking them out of over $1.5 million, says a New Jersey prosecutor.
October 05, 2021
Court Date Set for Suspect in Merrill Exec's MurderA preliminary hearing for Anthony Duwayne Turner, accused of killing Bank of America executive Michelle Avan, has been set for Dec. 1.