Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Unregistered Investment Advisor Pleads Guilty to Securities Fraud
By Jeff BermanHe took millions of dollars of client money out of the funds he managed to repay other investors, prosecutors said.
February 09, 2021
Lawsuits Over GameStop Trading Expand Beyond Robinhood, Alleging an Antitrust Conspiracy"I'm kind of blown away at how big this could be," a lawyer says.
February 04, 2021
GPB Capital CEO, 2 Others Arrested in Scheme That Bilked 17,000 InvestorsThe SEC and seven state securities agencies also filed regulatory actions tied to the $1.7 billion scheme.
November 16, 2020
Advisor Hunted by FBI Now Faces SEC ChargesThe advisor, missing since September, also faces a class-action suit and an IRS investigation.
October 14, 2020
Fake N.J. Advisor Indicted for $2.1M ScamThe defendant promised his clients 25% returns, prosecutors say.
August 09, 2018
Ex-Morgan Stanley Lawyer Alleges Retaliation After Raising Corruption ConcernsThe case, previously unreported, already is teeing up novel legal issues.
March 16, 2017
For Fiduciary Rule, Morningstar Sees Up to $150M in Annual Class Action SettlementsLabors estimate of compliance costs for individual large financial firms is low, Morningstar says.
August 03, 2015
PPACA World: Where’s the litigation?A Manatt Phelps health care defense lawyer says he's not yet seeing much activity.