Law and legal issues

Sixteen advisors argue the megabank owes them more than $270 million over false promises they were made when being recruited.

When a small company holds a life insurance policy, estate planning gets complicated — which is why assigning it to an individual or a family may be the better choice.

As it and other critics pursue a coordinated legal strategy, a trade group for independent insurance agents requested an injunction to put the regulation on hold.

The banking giant has already settled two other similar disputes with regulators.

Advisor advocates say they are beginning to look to civil courts and other FINRA alternatives to get erroneous customer complaints removed from their clients' online records.

The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.

Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.

The Wall Street regulator stands accused of a "gross abuse" of power in its investigation into the digital assets firm DEBT Box.

An expungement lawyer contends firms have an incentive to tar the reputation of departing brokers in an attempt to retain assets under management.

The high court heard arguments in a case about a commonly used succession planning tool for closely held businesses that may affect advisors' clients.

Having hit most of the big Wall Street firms with hefty fines for misusing WhatsApp and similar services, regulators are now turning their attention to independent advisors.

The giant insurer fired three financial advisors based on false claims about their specialty insurance consulting business, according to their attorney.

A magistrate judge finds the clients' family failed to put forward 'legally sound' claims that JPMorgan breached any duties by putting an elderly couple into risky securities tied to oil and gas.

The case is the latest to emphasize advisors' obligations to let investors know when they receive money for recommending certain mutual fund products.

Over the past decade, the equities division at the megabank saw harassment allegations pile up, as well as alleged instances of in-office cocaine use, among other complaints.

Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.

The legal action also alleges Mark Lamkin's former associates conspired behind his back to prevent him from leaving with his clients.

The Financial Services Institute continues to push for a return to a Trump Administration rule it contends offered clarity in employment questions.

The customers include a Brazilian businessman whose Florida residence was raided by the IRS and a Colombian family featured in a Senate report about the bank's role in tax evasion schemes.

Coverage providers have come to expect that some clients will find fault with their advisors during down markets, whether the blame is warranted or not.