Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Will an Ex-Fidelity Advisor's Reg BI Suit Catch the SEC's Eye?
By Dinah Wisenberg BrinThe case could have implications for the broader financial services industry, lawyers say.
May 28, 2024
Former FTX Exec Sentenced to 7.5 Years in PrisonRyan Salame is the first of of Sam Bankman-Fried's close associates to be sentenced on criminal charges.
May 28, 2024
Fidelity Seeks More Time to Answer Whistleblower SuitFidelity seeks more time to answer a suit alleging it put profits over clients' best interests.
May 24, 2024
9 Groups File New Suit Challenging DOL Fiduciary Rule RegsThe ACLI, IRI and other plaintiffs have accused officials of failing to analyze the changes' potential impact properly.
May 24, 2024
New Health Insurance Suit Could Affect DOL Fiduciary Rule LitigationThe plaintiffs are questioning how well officials considered objections and analyzed the regulations' impact.
May 23, 2024
Carson Group Hits Back at Former Exec's LawsuitThe firm denied wrongfully firing Mary Kate Gulick after she complained about the handling of a sexual assault report.
May 22, 2024
Ex-Nuveen Stock Trader Gets 70 Months for Insider-Trading SchemeHe tipped off an Oregon retiree about the firm's planned trades in stocks in a six-year plot involving over 1,000 trades.
May 20, 2024
Ex-Advisor Who Lied About Attempting Suicide Gets 3.5 Years for Bilking ClientThe client faced home foreclosure after the advisor failed to make mortgage payments as promised, the DOJ says.