Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
July 02, 2014
New Hire Roundup: SEC Adds 2 Judges, 3 AttorneysAlso in new hires, Nuance Investments welcomed Chad Baumler as portfolio manager.
March 27, 2014
BofA to Pay $6.3 Billion to Fannie, Freddie Over RMBS FailuresBank of America reached a settlement Wednesday to resolve all of the Federal Housing Finance Agency's residential mortgage-backed securities litigation with the bank.
June 07, 2013
LPL Names Oroschakoff Chief Risk OfficerLPL announced Friday that Michelle Oroschakoff, formerly global risk officer at Morgan Stanley, has been appointed chief risk officer and managing director.
July 05, 2012
Barclays’ Diamond Blames Libor Fixing on Other Banks, RegulatorsMoodys cuts Barclays' outlook; investors may be on the hook for losses.
September 30, 2009
AAA, Schobel Resolve LawsuitThe American Academy of Actuaries says it has resolved a lawsuit involving Bruce Schobel, the organization's former president-elect.
November 21, 2007
EBSA To Change Plan Settlement RulesThe Employee Benefits Security Administration is trying to make it easier for benefit plan administrations to cope with employer bankruptcies.EBSA, an arm of the U.S. ...
July 01, 2006
Keeping Them PrivilegedDuring a regulatory examination or a client litigation/arbitration proceeding, be sure not to provide e-mails to or from your legal counsel. These e-mails, together with...
March 01, 2005
Insurance Doesn't Solve EverythingJust as having a good relationship with your clients is no substitute for adequate E&O coverage, the insurance is also no reason not to make...
February 16, 2005
Hancock Fills Compliance PositionsNU Online News Service, Feb. 16, 2005, 7:08 p.m. ESTA Boston-based unit of Manulife Financial Corp., Toronto, has hired 2 lawyers.[@@]The unit, John Hancock, ...
January 07, 2004
NASD Members Attack Proposed RuleNU Online News Service, Jan. 7, 2004, 5:55 p.m. EST, Washington -- A proposal by the National Association of Securities Dealers, Washington, aimed at ...