Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
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.
November 13, 2024
Ex-Branch Manager Accuses Wells Fargo of 'Extreme and Outrageous' ConductMaureen O’Donnell has sued, alleging harassment, retaliation and wrongful termination.
November 11, 2024
JPMorgan Goes After Ex-Broker for Taking Clients to Morgan StanleyAt least a dozen JPMorgan clients have moved their accounts, the bank says in a court filing.
November 07, 2024
What's at Stake in the Ameriprise-LPL Fight Over Client DataAmeriprise accuses LPL of encouraging recruits to abscond with client data; LPL says Ameriprise aims to restrict competition.
November 07, 2024
Vanguard to Pay $40M in Target-Date Sell-Off CaseIt caused an "elephant stampede" sale of these funds when it opened institutional products to more retirement plans.
November 05, 2024
JPMorgan Is Latest to Be Sued Over Cash SweepsA customer alleges "exploitative and unfair implementation" of the firm's bank deposit sweep program.
November 01, 2024
Ex-JPMorgan Advisor to Halt Client Poaching Amid ArbitrationGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.
October 30, 2024
Fidelity Sued Over Money Market Fund Fees"Retail class" shareholders who meet requirements for premium shares are being overcharged needlessly, the suit contends.