Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
February 27, 2023
CFPB's Funding System Gets Supreme Court Test at Biden's BehestThe court will consider whether the Consumer Financial Protection Bureau's funding system is constitutional.
February 24, 2023
Ex-Advisor Who Tried to Flee Prosecution Sentenced to 9 YearsSteven Xigoros of Massachusetts defrauded clients of more than $4.3 million and failed to pay taxes, prosecutors said.
February 22, 2023
SEC Calls for Proceedings Against Imprisoned Ex-BrokerThe former broker was convicted of defrauding the oldest Black-owned insurance company in the U.S.
February 16, 2023
DOL Rollover Guidance Is Not Dead, Lawyer Warns"I wouldn't run out and change my policies and procedures right now," says ERISA attorney Brad Campbell.
February 16, 2023
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingThe next hearing for ex-broker Anthony Duwayne Turner is scheduled for March 13.
February 14, 2023
Next Hearing Set for LPL Network Firm Employee Charged in Double MurderThe next hearing for Ramy Fahim has been scheduled for June 2.
February 10, 2023
Ex-Broker Convicted of Aiding ISISRuslan Maratovich Asainov left financial services, traveled to Syria and became a sniper, according to the DOJ.
February 07, 2023
Ex-LPL, Wells Fargo Rep Pleads Guilty to Stealing $600K From ClientsThe now-barred broker used clients' money to fund gambling and personal expenses, according to the Justice Department.
February 06, 2023
Ex-Wells Fargo Advisor Alleged Rape by Co-Worker, Faced Retaliation: LawsuitThe advisor sued Wells Fargo, saying her clients were reassigned after she reported the incident.
February 02, 2023
Wells Fargo Hit With Defamation Suit Over Fake Accounts ScandalA former regional president says the bank fired her, falsely blaming her for the scandal.