Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
LPL Blasts Ameriprise Recruiting Suit as 'Public Relations Stunt'
By Dinah Wisenberg BrinAmeriprise has filed several lawsuits against LPL alleging improper recruiting tactics.
October 15, 2024
Ameriprise Says LPL Urged Advisor to Improperly Lure ClientsLPL's "regular pattern and practice is to encourage recruits to violate their contractual agreements," Ameriprise alleges.
October 14, 2024
Fidelity Sued Over Data Breach Affecting 77,000 ClientsThe firm was negligent and invaded clients' privacy, a proposed class-action complaint claims.
October 11, 2024
Citi: Advisor Improperly Lured Clients to Move Millions to Wells FargoMichael Fowler contacted clients multiple times to solicit them to switch firms, Citi alleges.
October 10, 2024
TD to Face Growth Limits, $3B Penalty for Money-Laundering Failures: WSJRegulators are likely to announce a settlement with the Canadian bank on Thursday.
October 09, 2024
Merrill Asks Judge to Dismiss Ex-Advisor's Suit Over Deferred CompThe advisor said he forfeited $500,000 in unvested funds allocated to an award plan.
October 07, 2024
Stifel Must Pay Clients Over $14M in Structured Notes Case: FINRA PanelThe award includes $9 million in punitive damages.
October 07, 2024
Wells Fargo Client Sues Over Data BreachThe bank discovered the breach in July; a lawsuit alleges the it waited three months to notify customers.