Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
SEC Gets 9 Final Judgments in Scheme Bilking Pro Athletes, Advisors
By Jeff BermanThree of the defendants have been sentenced to prison.
October 12, 2022
Ex-RIA Comptroller in Father-Daughter Ponzi Scheme Gets 6-Year SentenceThe former comptroller's father, an ex-Securities America broker, was previously sentenced to 13 years in prison.
October 10, 2022
Ex-Edward Jones Broker Who Scammed Clients Permanently Blocked From Securities BusinessRonald T. Molo was previously indicted for defrauding three investors out of about $800,000.
October 07, 2022
Ex-Broker Found Guilty of Fraud Related to Murder of ClientKeith Todd Ashley was charged with murder while under investigation in a suspected fraud scheme.
October 06, 2022
In Wall Street's Biggest Gender Suit, Goldman Fought to Keep 2 Prominent Names Secret"It's interesting to me that they are fighting so hard to keep these names quiet," Gretchen Carlson said.
September 30, 2022
SEC Smites Pastor of Fake Church Over Ponzi SchemeThe Church for the Healthy Self held no religious services but ran an investment program promising 12% returns.
September 28, 2022
Madoff Victims to Get $372M in New PaymentsThe eighth payment from the U.S. Justice Department's Madoff Victim Fund increases the total recovery to $4 billion.
September 27, 2022
New DOL Fiduciary Rule Faces Another DelayThe department is grappling with two fiduciary-related lawsuits and other regulatory priorities.