Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
December 19, 2024
Schwab Seeks to Block Former Advisor From Soliciting ClientsThe firm wants to block its former advisor, Robert Van Ortega, from soliciting clients for his new RIA.
December 18, 2024
FINRA Awards $4.8M to Baird in Raymond James Poaching DisputeThe payments represent only a fraction of the $74 million in damages sought by the wealth management firm.
December 18, 2024
LPL Agrees to Purge Data From Recruited Ameriprise AdvisorsThe firms agreed to a court order in legal battle over ex-Ameriprise reps' transfer of client info.
December 18, 2024
10 Worst Financial Advisor Cases of 2025While most advisors seek to do right by clients, a few break the rules — financially and otherwise.
December 13, 2024
San Antonio Advisor and Radio Host Charged With Obstructing FBI ProbeBrooklynn Chandler Willy was arrested and jailed on allegations she produced false documents in response to a subpoena.
December 10, 2024
LPL Network Firm Worker Pleads Not Guilty to Double MurderRamy Fahim is charged with killing a co-worker and the co-worker's roommate.
December 04, 2024
Court Action in Carson Group Lawsuit Pushed to May 2025A fired executive contends she faced retaliation after objecting to its response to a conference-goer's assault report.
November 20, 2024
Morgan Stanley: Advisor Who Left for Raymond James Solicited Another Rep's ClientsNicholas Takahashi's team solicited clients they'd had no personal interactions with, the wirehouse says in a court document.
November 20, 2024
Fidelity Resolves Reg BI Suit With Fired AdvisorMichael Maeker had accused Fidelity of pressuring advisors to recommend unsuitable, higher-fee investment products.
November 19, 2024
Ex-Wells Fargo Rep Gets 3 Years in Prison for $4M Health Care SchemeA former Stifel, Wells Fargo and Morgan Stanley advisor was sentenced for defrauding public health insurance plans.