Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
The 10 Most-Fined Financial Services Firms
By Michael S. FischerOver the past 20 years, financial firms have paid more fines than all other industries combined, according to a marketing firm.
February 04, 2021
GPB Capital CEO, 2 Others Arrested in Scheme That Bilked 17,000 InvestorsThe SEC and seven state securities agencies also filed regulatory actions tied to the $1.7 billion scheme.
November 16, 2020
Advisor Hunted by FBI Now Faces SEC ChargesThe advisor, missing since September, also faces a class-action suit and an IRS investigation.
October 14, 2020
Fake N.J. Advisor Indicted for $2.1M ScamThe defendant promised his clients 25% returns, prosecutors say.
August 09, 2018
Ex-Morgan Stanley Lawyer Alleges Retaliation After Raising Corruption ConcernsThe case, previously unreported, already is teeing up novel legal issues.
March 16, 2017
For Fiduciary Rule, Morningstar Sees Up to $150M in Annual Class Action SettlementsLabors estimate of compliance costs for individual large financial firms is low, Morningstar says.
August 03, 2015
PPACA World: Where’s the litigation?A Manatt Phelps health care defense lawyer says he's not yet seeing much activity.
August 03, 2015
PPACA World: Where’s the litigation?A Manatt Phelps health care defense lawyer says he's not yet seeing much activity.