Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Couple Sues Schwab and Hightower, Saying Fraudsters Looted Their Accounts
By Dinah Wisenberg BrinThieves turned off electronic account notifications and stole nearly $1 million through small transactions, the suit says.
July 05, 2024
Supreme Court Ruling Ensures Juries in Many SEC Cases: SEC RoundupWith the Jarkesy opinion, the agency may no longer pursue such claims through in-house enforcement proceedings.
July 05, 2024
Federal Court Blocks Medicare Agent Pay Cap RegulationsThe ruling applies to all Medicare agents, not just the parties to the suit.
July 01, 2024
Ex-Billionaire Gets 7 1/2-Year Sentence for Defrauding Investors Goldman, GoogleRishi Shah, who sold ads on TVs in doctors' offices, was convicted of over a dozen fraud and money laundering charges last year.
July 01, 2024
Life Insurer Asks Court to Free It From Sausage Maker's EstateReliaStar is not sure how Hormel's $425 million acquisition of Capitol Wholesale affected the slicing of benefits.
June 29, 2024
SIFMA, FSI Join Suit to Strike Down DOL Fiduciary RuleThe trade groups join insurance industry groups in asking a court in Texas to vacate the rule.
June 28, 2024
Supreme Court Ruling Set to Weaken SEC, DOL AuthorityAttorneys and lawmakers weighed in Friday on the court's decision to overturn the Chevron doctrine.
June 28, 2024
5 Ways a New Supreme Court Ruling Could Shape Life, Health and Advice RegsThe SEC, Labor Department and others have used the Chevron ruling, now overturned, to establish their authority.