Law and legal issues

More financial advisors are accusing independent wealth managers of acting like wirehouses and other employee brokerages upon their departures.

A 38-year veteran financial advisor won a significant award in FINRA arbitration after a brokerage claimed he made unauthorized trades.

Critics of FINRA’s current system for removing client complaints from brokers’ records are seeking to vacate an arbitration award.

Gwen Campbell, who dropped a prior lawsuit against the Wall Street bank over client poaching, opened a new legal front.

James Iannazzo will sidestep criminal charges and enter a rehabilitation program that puts him under supervision for one year.

The regulator is asking for adoption of the proposal it put on hold last year while opening discussions for other improvements to the process.

Whether it's a watchdog or up-and-coming advisor, claims and counterclaims are plentiful across the industry.

Shawn E. Good has been an advisor for more than 30 years. He is now barred from the industry by FINRA.

The FINRA arbitration decision omits any details or reasoning for the award in a case involving a broker’s email to his former colleagues.

With the barred former rep in the Dominican Republic, a court filing asks a state judge to toss a FINRA panel’s decision absolving the firm of responsibility.

Vania May Bell has admitted to helping her father run a scheme that started in the late 1990s and ended in 2018.

David Hu apologized to the firm’s investors and clients, as well as his wife and two children, before being sentenced.

UBS brokers rack up expungements of Puerto Rico complaints

Denise Badgerow won her long legal fight, while a Pennsylvania RIA and the Massachusetts securities regulator are currently weighing their options after decisions.

Financial advisor Jay Womack won a rare rebuke with a punitive payout after a messy split with his former business partner.

Senior brokers delegated to make compensation decisions systematically favor white men, according to a new lawsuit.

Affluent investors who have maxed out their retirement plan contributions hold target date funds in taxable brokerage accounts.

The latest legal fight between the firms over departing brokers raises questions about the effectiveness of the Broker Protocol.

Federal authorities say Raymond A. Erker ran a Ponzi scheme that defrauded 54 people, but he maintained he did nothing wrong while on the stand.

Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”