Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Advisor Hunted by FBI Now Faces SEC Charges
By Jeff BermanThe advisor, missing since September, also faces a class-action suit and an IRS investigation.
March 16, 2017
For Fiduciary Rule, Morningstar Sees Up to $150M in Annual Class Action SettlementsLabors estimate of compliance costs for individual large financial firms is low, Morningstar says.
August 03, 2015
PPACA World: Where’s the litigation?A Manatt Phelps health care defense lawyer says he's not yet seeing much activity.
August 03, 2015
PPACA World: Where’s the litigation?A Manatt Phelps health care defense lawyer says he's not yet seeing much activity.
July 02, 2014
New Hire Roundup: SEC Adds 2 Judges, 3 AttorneysAlso in new hires, Nuance Investments welcomed Chad Baumler as portfolio manager.
March 27, 2014
BofA to Pay $6.3 Billion to Fannie, Freddie Over RMBS FailuresBank of America reached a settlement Wednesday to resolve all of the Federal Housing Finance Agency's residential mortgage-backed securities litigation with the bank.
June 07, 2013
LPL Names Oroschakoff Chief Risk OfficerLPL announced Friday that Michelle Oroschakoff, formerly global risk officer at Morgan Stanley, has been appointed chief risk officer and managing director.
July 05, 2012
Barclays’ Diamond Blames Libor Fixing on Other Banks, RegulatorsMoodys cuts Barclays' outlook; investors may be on the hook for losses.