Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SEC Calls for Proceedings Against Imprisoned Ex-Broker
By Jeff BermanThe former broker was convicted of defrauding the oldest Black-owned insurance company in the U.S.
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.
January 30, 2023
Next Hearing Set for Suspect in BofA-Merrill Exec's KillingEx-Merrill broker Anthony Duwayne Turner's next hearing will be held Feb. 15.
January 26, 2023
Web-Based Life Marketer Sues Swiss ReHuklberry says a subsidiary of the reinsurer was slow to develop its part of a quick policy sales system.