Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Wedbush to Pay More Than $1.2M Over Unregistered Microcap Securities Sales
By Jeff BermanThe firm also failed to report suspicious transactions, the SEC alleged.
December 13, 2021
7 Worst Bogus Advisors in America: 2021The head of an investment club called Amongst Friends and a dentist were among those accused of running investment scams.
December 10, 2021
Ex-LPL Rep Sentenced to 2½ Years in Prison for Stealing From Retired ClientThe former broker was also ordered to pay $639,580 in restitution and a special assessment of $100.
December 07, 2021
Ex-Merrill Broker Arrested Over Charges Tied to $1M ScamThe former broker allegedly used investors' funds to buy a luxury car "and pay fees for a private golf club on Long Island," says the DOJ.
December 07, 2021
Ex-Merrill Rep Who Scammed Pastors Sentenced to 7 Years in PrisonThe former broker had pleaded guilty to one count of securities fraud and admitted to swindling millions of dollars from victims in several states.
December 03, 2021
Veteran Advisor Sues J.P. Morgan After Jumping to the Firm From MerrillThe head of the $1 billion Campbell Group alleges the Private Bank has been aggressively trying to poach her clients.
December 03, 2021
10 Worst Financial Advisors in America: 2021This year's worst advisors allegedly committed some of the usual crimes—and some that will definitely surprise you.
December 02, 2021
New Court Date Set for Suspect in Merrill Exec's MurderThe next court date is Jan. 20 to set a date for a preliminary hearing for Anthony Duwayne Turner, accused of killing Michelle Avan.