Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Ex-Advisor Loses Appeal, Gets 40 Years in Prison for Ponzi Scheme
By Jeff BermanThe former advisor, broker and owner of a Raleigh, North Carolina, financial services firm had been convicted in 2019.
August 24, 2021
JPMorgan Settles With Advisors Who Jumped to LPL-Affiliated FirmThe temporary restraining order that J.P. Morgan Securities had obtained against the breakaway advisors has been lifted.
August 24, 2021
As RIA Arbitration Cases Climb, It's Time to Lawyer UpCustomer complaints should be taken seriously and responses crafted with professional guidance.
August 23, 2021
4 Lessons From Recent 401(k) LawsuitsLearning from others' mistakes can help plan sponsors avoid time in court.
August 23, 2021
Goldman Sachs, Former In-House Attorney End Retaliation SuitMarla Crawford has filed to dismiss a suit that alleged she was fired by the investment firm for trying to bring information on sexual harassment to light.
August 20, 2021
Health Care Group to Pay $2M for Misleading ClientsHealth Plan Intermediaries Holdings left consumers with limited coverage and tens of thousands of dollars in bills, says California's insurance commissioner.
August 20, 2021
UnitedHealth to Pay $14.3M in 'Landmark' Settlement Over Mental Health Parity LawThe insurer will end policies that created a coverage gap between those receiving traditional treatments and those in psychotherapy.
August 18, 2021
CFTC Sues Centurion Capital Management Over Alleged Commodity Pool FraudCenturion was required to register with the CFTC as a commodity pool operator, Svejda as an associated person. Neither did so.