Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Complaint Accusing Advisor of Churning Retirees' Accounts Dropped
By Dinah Wisenberg BrinIn the case, an RIA had been blamed for costing a couple over $800,000 through excessive and inappropriate trades.
August 12, 2024
New Trial Date Set for Former BofA Banker Charged With Merrill Exec's MurderAnthony Duwayne Turner's jury trial in the death of Michelle Avan should begin Sept. 16 in Los Angeles County.
August 12, 2024
RBC's Former CFO Sues Bank, Denies Affair With ColleagueFired in April, Nadine Ahn says she suffered "reputational harm" and "humiliation" and is asking for $36 million in pay and damages.
August 08, 2024
Debate: Were Texas Courts Right to Pause DOL Fiduciary Standard?The injunction applies to both the investment advice fiduciary standard itself and amendments to PTE 84-24.
August 07, 2024
SEC Probes Morgan Stanley, Wells Fargo Over Cash Sweep AccountsThe disclosures come as several firms face lawsuits saying they raked in profits while paying miserly interest rates.
August 06, 2024
TIAA, Morningstar Accused of Funneling Assets to Proprietary ProductsPlaintiffs say the two firms improperly steered retirement plan investors toward profitable in-house vehicles.
August 01, 2024
Dropbox Co-Founder Claims JPMorgan Advisor Cost Him Over $225MArash Ferdowsi alleges that he was steered to unsuitable investments rather than index funds.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.