Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
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.
September 17, 2024
Cases Mount Against Advisor Accused of Stealing Millions From His AuntSeveral clients have filed summonses indicating they initiated civil cases against Scott J. Mason.
September 17, 2024
Ex-BofA Banker's Murder Trial Postponed to MarchA key detective in the case became unavailable due to pregnancy complications, prosecutors told the court.
September 16, 2024
Glenmede Sues Longtime Portfolio Manager Over Surprise ResignationGlenmede Trust alleges Michael Gallagher breached agreements by trying to lure clients to follow him.
September 13, 2024
Ex-Banker Charged With BofA Exec's Murder Faces Trial MondayAnthony Duwayne Turner is charged with killing BofA-Merrill executive Michelle Avan in August 2021.
September 12, 2024
SEC Charges Pastor-Turned-Advisor With $2.4M FraudThe former advisor sold phony promissory notes to Christian clients, the SEC alleges.
September 12, 2024
Lawsuit: Schwab Let Scammers Drain Life Savings of 91-Year-Old CustomerSchwab ignored red flags and its own elder financial abuse guidance, the federal lawsuit alleges.
September 11, 2024
Schwab Discriminated Against Pregnant Advisor: LawsuitThe former associate advisor says the firm failed to accomodate her need to take frequent breaks.
September 06, 2024
RIA Hid Fee Hikes From Clients, SEC SaysThe firm charged $1.36 million in higher fees it failed to properly disclose, a lawsuit says.