Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Morgan Stanley to Pay $3M in FINRA Arbitration Over Deferred Comp
By John ManganaroAmounts of deferred compensation to be paid to former advisors range from about $70,000 to more than $600,000.
March 15, 2024
Advisor Accuses LPL of 'Raiding' His Firm in RetaliationThe wealth manager alleges that LPL retaliated after he started looking for another broker-dealer.
March 15, 2024
Bankman-Fried Should Get Up to 50 Years in Prison, U.S. SaysProsecutors said he led the transfer of client money from the FTX cryptocurrency exchange into Alameda Research, an affiliated hedge fund.
March 13, 2024
Credit Suisse Client in Tax Dodge Case Gets $15M BailDan Rotta, 77, was arrested Saturday in Miami and must remain under house arrest with electronic monitoring, a federal judge ruled.
March 11, 2024
Washington National Breach Victim Says Disclosure Was Too VagueThe Illinois resident believes the breach led to the compromise of her debit card, according to a lawsuit.
March 08, 2024
Commonwealth Still Fighting $111.5M SEC Suit Over Mutual Fund FeesThe firm hopes to limit the damages it must pay to between $5 million and $24 million.
March 08, 2024
Trump Arranges $91.6M Bond to Appeal Carroll VerdictHe's also been ordered to pay $454 million for inflating his net worth by billions of dollars a year to get better loan terms.
March 07, 2024
3 Suspects Charged With Murdering Advisor, Wife Who Vanished at SeaThe suspects are also charged with kidnapping and escaping lawful custody, among other crimes.