Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Wells Fargo Exec Avoids Prison Over Accounts Scandal
By Joe SchneiderCarrie Tolstedt agreed to a ban on working in the banking industry and to pay $21 million in civil penalties to regulators.
September 11, 2023
Wells Fargo's $1B Fake-Accounts Settlement Gets Judge's OKThe securities class-action settlement brings the total the bank has agreed to pay to nearly $5 billion.
September 08, 2023
Ex-Edward Jones Employee Alleges Abuse In Suit Against Firm, AdvisorThe advisor screamed at the employee repeatedly and made her cry, according to the lawsuit.
September 06, 2023
Court's Bitcoin ETF Ruling Isn't a Slam DunkWhile the court ruled for Grayscale, it didn't order the SEC to approve a spot bitcoin ETF.
September 05, 2023
New Private-Funds Rules Hit With Court Action: SEC RoundupSeveral industry groups filed an action in a federal appellate court challenging the SEC's recent private funds rules.
September 05, 2023
Ex-Wells Fargo Exec Deserves Prison Over Fake Accounts, U.S. SaysThe former executive tried to conceal "one of the biggest banking scandals in modern history," prosecutors said.
September 01, 2023
Wells Fargo Persists in 'Lawless Ways,' Suit ClaimsSeparately, a judge dismissed another suit related to fake interviews allegedly conducted to meet diversity quotas.
September 01, 2023
TIAA Hit With Second Class-Action Suit Over MOVEit HackTIAA inadequately maintained its network and failed to provide timely notice to some 2.4 million clients, the suit argues.