Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
$100M Suit Against Envestnet Heads to Jury Trial
By Melanie WaddellThe long-running suit alleges Envestnet and Yodlee misappropriated FinancialApps' proprietary software platform.
September 26, 2024
Sen. Warren Lists 29 Life, Health and Annuity Sales IncentivesShe doesn't like the incentives, but you might.
September 25, 2024
Vanguard Reaches Proposed Settlement in Target-Date Sell-Off CaseThe lawsuit alleged that the asset manager triggered a "stampede" that handed certain retail customers massive tax bills.
September 24, 2024
EF Hutton's Ousted CEO Fires Back, Alleging Unlawful 'Coup'Joseph Rallo says the company defamed him and that his former partner deposed him out of jealousy.
September 24, 2024
Barred Advisor Gets 21 Months in Prison for Cherry-PickingJonathan Glenn's unfair allocations of profitable trades defrauded clients of more than $2.7 million, authorities say.
September 23, 2024
Yes, Your Small-Business Clients Still Must File FinCEN ReportsDespite a court ruling, the Corporate Transparency Act remains in effect for most businesses, with penalties for noncompliance.
September 23, 2024
JPMorgan Sued Over 'Shockingly' Low Interest on Client CashThe case follows several other proposed class actions over brokerages' cash sweep programs.
September 23, 2024
DOL Appeals Two Rulings Halting Fiduciary RuleTwo federal court decisions temporarily stopped the rule from taking effect.