Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
LPL Network Firm Employee Could Face Death Penalty in Double Murder Case
By Jeff BermanRamy Fahim was charged with special circumstances murders for allegedly stabbing two people, including his co-worker.
April 15, 2022
Barred Broker's Probation Revoked After Unauthorized Caribbean TripThe former Raymond James and Alliance Global Partners rep had been charged with defrauding at least 100 clients.
April 15, 2022
Ex-UBS Rep Who Spent Client Money on Girlfriends' Gifts Pleads GuiltyThe former broker could spend up to 60 years in prison.
April 15, 2022
George Floyd Lawyer Joins Wells Fargo Racial-Disparity LawsuitA recent investigation found the bank approved 47% of Black applicants for mortgage refinancing vs. 72% of white applicants.
April 14, 2022
Ex-Head of RIA Sentenced to 12 Years in Prison Over $120M ScamThe former IIG managing partner and CIO was also sentenced to three years of supervised release.
April 11, 2022
Wells Fargo Appeals Arb Ruling Struck Down in CourtThe findings in the judge's order "are false and wholly unsupported by the record," Wells Fargo Advisors states.
April 08, 2022
Former Goldman Banker Ng Found Guilty in 1MDB Fraud SchemeRoger Ng, the only Goldman Sachs banker to go to trial over the global scandal.
April 08, 2022
Supreme Court's Ameriprise Decision Won't Change FINRA Arb Process: AttorneyThe decision "will push more efforts to confirm or vacate arbitration awards to the state courts," said PIABA's president.