Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-JPMorgan Advisor to Halt Client Poaching Amid Arbitration
By Erik LarsonGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.
October 28, 2024
Robinhood Is Latest Firm to Be Sued Over Cash Sweep ProgramThe 0.01% interest rate for customers who don't pay a fee is a Reg BI violation, the suit claims.
October 24, 2024
Lawsuit: Schwab, BofA Failed to Protect Older Couple Scammed Out of $18.5MA fraudster persuaded an 84-year-old Schwab customer to transfer millions of dollars to outside accounts, the suit says.
October 22, 2024
JPMorgan Says Ex-Advisor Is Trying to Poach $250M BookGary Carruthers has already persuaded over 24 former clients to transfer their business to Wells Fargo, according to a lawsuit.
October 22, 2024
Carson Group, Fired Exec to Update Judge on Potential SettlementMary Kate Gulick sued the firm in April over her firing.
October 22, 2024
'A Wake Up Call to the Life Insurance Industry:' California Sues InsurersThe case was filed against American General, Lincoln Benefit, Everlake and Transamerica.
October 21, 2024
Supreme Court Rejects Bid to Let President Fire Agency LeadersThe court upheld a ruling that has become a target for groups seeking to defang agencies like the SEC.
October 21, 2024
Revived EF Hutton Breaks Up as Partners Resolve Legal FightThe firm says partners Joseph Rallo and David Boral have agreed to take their businesses "in different directions."