Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Edward Jones Sued by Ex-Rep Over Sexual Harassment
By Jeff BermanA former advisor at the firm says a manager pressured her into "into a forced sexual encounter," according to court documents.
March 29, 2021
10 Worst Financial Advisors in America: 2020Last year's worst advisors allegedly ran Ponzi schemes, stole from the elderly and veterans, and one was even charged with murdering a client.
March 29, 2021
Supreme Court Signals Narrow Ruling Likely on Goldman Investor SuitThe clash is the court's first over shareholder lawsuits since former President Donald Trump appointed three justices and created a 6-3 conservative majority.
March 26, 2021
Ex-Morgan Stanley Advisor Who Defrauded Seniors Gets 5-Year Prison SentenceThe former advisor and broker had pleaded guilty last year to charges of wire and investment advisor fraud for stealing more than $6 million from clients.
March 26, 2021
CFP Board Suspends Former UBS Broker Charged With Defrauding ClientsThe ex-broker and RIA was charged with first-degree conspiracy for allegedly conspiring to defraud investors and mortgage lenders.
March 25, 2021
Edward Jones to Pay $34M in Racial Bias SuitThe suit alleged that Edward Jones denied advancement opportunities to Black advisors because of their race.
March 23, 2021
Ex-Wife of Advisor Hunted By FBI Tells Him to Give UpThe Atlanta-area advisor went missing in September. "I had no idea who I was living with," his ex-wife says.
March 19, 2021
Former New York Life Broker Convicted of Stealing $1M From Elderly ClientA federal jury convicted the ex-broker on 11 counts of mail fraud, 11 counts of wire fraud and two counts of aggravated identity theft.