Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Genworth Executives Review Long-Term Care Rate Hike Settlements
By Allison BellTom McInerney says the arrangements may be good both for the policyholders and for Genworth.
October 31, 2022
Ex-Broker Sentenced to 20 Years in Prison Over Ponzi SchemePerry Santillo's 20-year sentence will run concurrently with a 17.5-year sentence he already faces.
October 28, 2022
Trump Tax Prosecutors Say Ex-CFO Has Stopped Meeting With ThemAllen Weisselberg, star witness in the criminal tax fraud case against the Trump Organization, is no longer meeting with prosecutors. P
October 27, 2022
Ex-Securities America Broker Charged With Defrauding Clients of $260KThe barred broker allegedly used the funds to pay off credit cards and gamble at multiple casinos.
October 25, 2022
Janus 401(k) Plan Loaded With Subpar Proprietary Funds, Suit ClaimsThe Janus Henderson Funds also "charged higher fees relative to nonproprietary alternatives," the suit states.
October 24, 2022
Ex-MassMutual Broker Pleads Guilty to Defrauding ClientsThe barred broker used a client's funds to pay down his own debt and for personal travel.
October 21, 2022
Advisor Who Tried to Flee Prosecution Pleads Guilty to Defrauding ClientsSteven Xigoros was arrested at the Newark airport while trying to board a flight to Greece in September.
October 19, 2022
Cetera to Pay $9M Over 12b-1 Fee ViolationsCetera Advisors used shares with 12b-1 fees when it knew clients were eligible for lower-cost shares.