Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Advisor Charged With Conning Venezuelans, Others in $94M Ponzi Scheme
By Dinah Wisenberg BrinSeparately, the SEC accused Andrew Jacobus of swindling clergy and Catholic groups of $3.2 million.
July 17, 2025
Ameriprise Affiliate Defamed Departing Advisor in Mass Email, Lawsuit SaysThe email left Armando Merino's clients "concerned" and "horrified," he alleges.
July 16, 2025
Schwab Clients Say Antitrust Settlement Over TD Ameritrade Deal Is UnfairThe attorney's fees seem "grossly disproportionate" to "negligible" benefit for customers, one Schwab client wrote.
July 15, 2025
No Final Decision on DOL Fiduciary Rule — YetThe new Texas rollover decision does not materially affect the 2024 fiduciary rule, ERISA lawyer Brad Campbell says.
July 14, 2025
Vanguard Accused of Misrepresentation in JustInvest DealVanguard acted in bad faith to limit post-deal payouts, the direct indexing firm's shareholders say in a lawsuit.
July 14, 2025
Stifel Advisor Linked to $132M Arb Award Has Left the FirmArbitration awards and judgments involving Chuck Roberts exceed $166 million, his FINRA BrokerCheck record shows.
July 14, 2025
Morgan Stanley, Goldman and Wells Fargo to Settle $120M LawsuitThe trio helped Bill Hwang’s $36 billion family office place massive bets on stocks.
July 11, 2025
Court Rejects Part of Frozen DOL Rollover RuleThe judge accepted the argument that one rollover transaction cannot start an "ongoing advice relationship."