Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Morgan Stanley Advisor Sentenced to 22 Months for Swindling Older Client
By Dinah Wisenberg BrinRonald Diaz, who pleaded guilty to wire fraud, must pay the victim's family over $867,000.
February 26, 2025
Two Former UBS Advisors Say Firm Broke Wage LawsThe ex-advisors seek a class action, alleging UBS failed to reimburse expenses and took unlawful wage deductions.
February 24, 2025
Advisor Tried to Threaten Witnesses, Bribe Officials in His Fraud Case: DOJAdam Kaplan told an associate to leave one victim "peeing blood / missing teeth," prosecutors say.
February 24, 2025
Ameriprise 'Chasing Headlines' in Client Data Dispute, LPL ArguesThe financial services firm has taken to filing serial litigation against departing advisors, the latest filing says.
February 21, 2025
Ex-Fugitive Advisor, CNBC Guest to Plead Guilty to Securities FraudJames Arthur McDonald Jr. caused investors to lose about $3 million, prosecutors say.
February 13, 2025
Ameriprise Files for TRO Against 3 Advisors for Taking Client Data to LPLThe advisors printed out more than 8,000 pages of data and pre-solicited clients, Ameriprise alleges.
February 11, 2025
SEC X Account Hack Over Bitcoin ETF Post Leads to Guilty PleaThe hack involved a fake social media post announcing the authorization of the first-ever spot Bitcoin ETFs.
February 10, 2025
DOGE Treasury Data Block Wrongfully Limits Bessent, DOJ SaysA judge’s order blocking DOGE wrongfully prevents Treasury Secretary Scott Bessent from doing his job, Trump DOJ says.