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Credit Suisse is challenging an arbitrator's decision to award $1.3 million to a former advisor, who accused the bank of holding back his deferred compensation after it shuttered the U.S. wealth management unit in 2015.
March 3
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The previously unreported case reflects shifting dynamics in the channel as the largest tax-focused wealth management firm hits one of its closest rivals with litigation.
March 2
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John Poulos, a representative of a Vanguard subsidiary, temporarily loses the professional credential after being accused of murdering his 23-year-old girlfriend on a visit to her in Bogota.
February 28
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Charlie Javice claimed in a court filing that she was being scapegoated for the bank's faulty due diligence and that it was JPMorgan that asked her to come up with "synthetic data" on Frank users.
February 28
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FINRA arbitrators approved the expungement of client complaints that had already led to significant payments as the SEC considers a new rule reforming the process.
February 24
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Despite its brokers' alleged Regulation Best Interest violations, Laidlaw & Company's latest brush with regulators was handled under FINRA's old suitability standard.
February 23
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The founders of the Financial Professionals Coalition contend that most industry groups back firms and big players. They plan to stand up for the little guy.
February 21
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A former JPMorgan Chase banker who's now on the run was sentenced to 7 ½ years in jail for his role in a multimillion-pound fraud against the Libyan government.
February 21
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Lawyers and compliance experts say advisors and brokers should still put clients' interests first when considering taking money out of a 401(k).
February 17
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The bank's lawyer said in a Singapore court on Thursday that Credit Suisse had agreed to compensate its ultra-wealthy client for failing to "police the perimeter" of his wealth from theft.
February 16
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A new SEC-approved rule will allow regulators to publicly identify 'restricted firms' in BrokerCheck searches.
February 9
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A financial advisor from rival Cambridge Investment Research sought more than $1 million based on his claim that an OSJ at Royal Alliance broke the firm's rules.
February 8
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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An arbitration panel has found Raymond James and its independent broker Kent Jackson Rhoades liable for nearly $20 million in an unfair competition case.
February 3
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Relationships between a wealth management company and a law firm soured and spilled into a Quebec court.
January 30
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The Wall Street firm is among the big-name companies that are in hot water with te
January 27
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The Wisconsin wealth manager persuaded more than a dozen clients to put roughly $1.9 million into 'unrated, illiquid, high risk, and potentially speculative' investments. But he never made the investments.
January 26
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Even if advisors get a disclosure removed from their records, the damage done online can be difficult to manage.
January 25
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Gary B. Gross faces nine counts of sexual exploitation of a minor and the loss of CFP credential after he said he stumbled on old files.
January 24
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Deloitte Financial Corporate's settlement over recordkeeping allegations probably would have been bitter had the company not cooperated.
January 17
