Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor, Radio Host Could Face Lengthy Prison Term for Fraud
By Dinah Wisenberg BrinBrooklynn Chandler Willy of Texas just pleaded guilty to six wire fraud and four related charges in a Ponzi scheme.
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.
March 12, 2026
Ex-Advisor Accused of Racism in TikTok Video Must Pay LPL Over $820KEileen Cure had sued the BD for $95 million after it ended an affiliation with her.
March 11, 2026
Judge Orders SEC to Hand Over Texting Fine DataLawyer Nick Morgan called the ruling a "win for transparency and a stinging rebuke of the SEC's litigation conduct."
March 06, 2026
LPL, Advisor Team Must Pay $200K to Ameriprise: FINRAAmeriprise had accused a father-son team of taking confidential info as they left for LPL.