Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
March 21, 2023
Advisor Charged With Defrauding Clients in Annuity Switching SchemeClients incurred over $640,000 in surrender charges, according to the SEC.
March 15, 2023
DOJ Arrests Chinese Billionaire and Steve Bannon Associate in $1B Fraud SchemeExiled businessman Guo Wengui, an associate of the former White House advisor, was "a serial fraudster," according to the SEC.
March 14, 2023
Next Hearing Set for Ex-Broker Charged With Murder of BofA-Merrill ExecThe next setting date for a preliminary hearing for Anthony Duwayne Turner is April 3.
March 10, 2023
Jury Finds 'Self-Styled' Advisor Guilty of $20M ScamDavid Allen Harbour spent client money on a private jet and a private Eagles concert, according to prosecutors.
March 09, 2023
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of PayThe bank is demanding Jes Staley hand over all compensation from 2006 through 2013 — a figure surpassing $80 million.
March 06, 2023
Twin Advisors Defrauded 60 Clients, SEC SaysThe advisors charged higher fees than clients had agreed to, according to the SEC.
March 03, 2023
Antitrust Suit Challenging Schwab-TD Ameritrade Deal Can Proceed, Judge RulesA judge struck down Schwab's motion to dismiss the investors' class-action suit.
March 03, 2023
SEC Charges Father-Son Advisory Team With FraudThe duo allegedly impersonated clients in phone calls to their former firm, Waddell & Reed, to execute transactions.
March 01, 2023
Ex-Vanguard Broker Charged With Killing Girlfriend Is Suspended by CFP BoardJohn Poulos of Texas was charged with femicide and obstruction of justice in Bogota, Colombia.
February 28, 2023
Supreme Court Limits Fines for Not Reporting Overseas AccountsA businessman living abroad argued that the law left unwitting taxpayers vulnerable to draconian fines.