Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Web-Based Life Marketer Sues Swiss Re
By Allison BellHuklberry says a subsidiary of the reinsurer was slow to develop its part of a quick policy sales system.
January 12, 2023
JPMorgan Says Ex-Advisor Poached 32 Clients for Morgan StanleyThe bank accuses Joseph Michael of persuading households with assets of $28 million to start moving their accounts.
January 11, 2023
Unlicensed Advisor Gets Over 6 Years for Ponzi SchemeHe defrauded investors, including friends and family members, out of more than $4 million.
January 10, 2023
Former Broker Pleads Guilty to Filing False Tax ReturnThe ex-broker filed individual income tax returns omitting installment payments related to the sale of his advisory firm.
January 10, 2023
Ex-Broker Gets Over 5 Years in Prison for $2.9M Securities SchemeThe former broker diverted clients' funds to repay previous investors and for his own use, according to DOJ.
January 09, 2023
Ex-Broker to Fork Up $3M Over Fintech FraudThe SEC says Paul Hess and other defendants tricked investors into buying unregistered interests in shell companies.
January 09, 2023
Arizona 'Advisor' Charged With 27 Counts of Mail, Wire FraudThe Personal Money Management president allegedly used $13.3 million in client funds to buy precious metals.
December 29, 2022
JPMorgan Sued by Virgin Islands for Facilitating Epstein Abuse"Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan," the complaint states.