Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Convicted of Swindling Couple Out of $1M
By Dinah Wisenberg BrinJeffrey Slothower used client money to pay for a Mercedes and a country club, DOJ says.
May 09, 2024
The Ex-Girlfriend and the 401(k): A Cautionary Estate Planning TaleClients might assume their retirement accounts will simply pass to the heirs named in their will. Big mistake.
May 08, 2024
Fidelity Sales Practices Violated Reg BI, Advisor Says in Whistleblower SuitThe firm pressured advisors to sell managed money and other products over low-cost funds, the suit says.
May 07, 2024
Trustee Says Schwab Is Hoarding His Father's Money: LawsuitThe trustee accuses Schwab of fraud and other violations for refusing to liquidate the account.
May 02, 2024
New DOL Fiduciary Rule Hit With First LawsuitFACC seeks to stop the rule from taking effect during its existing case against DOL.
May 01, 2024
Former Merrill Advisor Sues Over Unvested CommissionsKelly Milligan contends he had to forfeit over $500,000 in deferred commissions.
May 01, 2024
Lawsuit Cuts Equitable's $1.3B Gain on a Universal Life Price HikeThe firm's first-quarter results include $106 million in legal expenses related to a class-action settlement.
April 30, 2024
New Arraignment Set for LPL Network Firm Worker Charged in Double SlayingThe arraignment, scheduled for May 24, follows a preliminary hearing last August for Ramy Hany Mounir Fahim.