Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
This Is Not the 'Altruist' You're Looking for: Michigan RIA Sues for Trademark Infringement
By Dinah Wisenberg BrinAltruist Financial Advisors' CEO says his firm has received money intended for the California-based custodian.
August 08, 2023
American National Seeks to Void Another Life PolicyThe insurer says many residents of one town applied for coverage insuring non-relatives using false information.
August 04, 2023
New Suit Says Wells Fargo Opened More Unauthorized Bank Accounts"As one Wells Fargo fake account scandal concludes, another emerges," the lawsuit says.
August 01, 2023
Ex-Cetera Advisor Charged With Defrauding Older Client Out of $2.4MThe SEC also alleges the advisor liquidated the client's holdings and transferred the proceeds to her own accounts.
July 31, 2023
American National Seeks to Void a Life Insurance Policy Over Alleged FraudThe insurer says the purchase was part of a $535 million conspiracy.
July 28, 2023
Judge Throws Out RIA's Poaching Suit Against CambridgeColonial River Wealth Advisors alleged the BD helped an advisor poach back her clients after selling the firm.
July 27, 2023
Twin Advisors Indicted on Fraud ChargesAdam and Daniel Kaplan are accused of bilking at least 60 clients out of at least $5 million.
July 26, 2023
Hunter Biden's Plea Deal on Tax Charges in LimboA hearing over the plea agreement tied to misdemeanor tax crimes and a firearm violation ended on Wednesday without resolution.