Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Fidelity Advisor Charged With Fraud, Money Laundering
By Melanie WaddellThe ex-Fidelity advisor took more than $2 million from a former client to travel, pay debts, DOJ says.
July 30, 2025
LPL Underpaid Employees, Lawsuit ClaimsAn LPL support specialist alleges the firm short-changes employees on sick pay, overtime and expense reimbursement.
July 29, 2025
Carson Group Says Ex-CMO Altered Evidence in LawsuitA lawyer for the former executive, Mary Kate Gulick, disputed the accusations.
July 25, 2025
Advisor Charged With Conning Venezuelans, Others in $94M Ponzi SchemeSeparately, the SEC accused Andrew Jacobus of swindling clergy and Catholic groups of $3.2 million.
July 22, 2025
Former Broker Accused of Running $9.5M Ponzi SchemeThe former broker purportedly retired after a 2014 suspension but kept soliciting investments, fraudulently, prosecutors allege.
July 17, 2025
JPMorgan Seeks Restraining Order Against Advisor for Taking Clients to Wells FargoAbout 13 clients with more than $24 million in total assets have already followed the advisor, the request states.
July 17, 2025
Ameriprise Affiliate Defamed Departing Advisor in Mass Email, Lawsuit SaysThe email left Armando Merino's clients "concerned" and "horrified," he alleges.
July 16, 2025
Schwab Clients Say Antitrust Settlement Over TD Ameritrade Deal Is UnfairThe attorney's fees seem "grossly disproportionate" to "negligible" benefit for customers, one Schwab client wrote.