Law and legal issues

Lina Maria Garcia, president and chief compliance officer of UCB Financial Advisers, has been charged for her alleged role in a fraud that funneled millions of dollars to her romantic partner’s parents.

Despite standout defamation awards, such as a $13.5 million payout to an ex-UBS rep, advisors and attorneys say firms are abusing their U5 power.

Breaking ties with your firm can be a smooth transition with no hitches in business, or a daily struggle that requires years in the courtroom. Here's how to navigate the path, no matter where it takes you.

FINRA alleges that the firm caused clients to incur more than $2.9 million in trading costs.

As the U.S. commonwealth’s fiscal restructuring awaits court approval, a fixed-income brokerage firm’s CEO is trying to drum up votes — or at least a quorum.

While the pandemic slowed down investigations and court cases, state regulators continued to chase financial scamsters, data shows.

From compliance to the Broker Protocol, advisors should understand their obligations and restrictions before they make a move.

Allison Herren Lee and Robert Cook also vowed to continue reforming expungements after the tabling of a new proposed rule earlier this year.

Cresset added five more advisors to the previous 10 that the megabank claims a founding partner recruited in violation of the terms of his resignation.

Plaintiffs claim the firm’s high cash allocations juiced revenue for Schwab at the expense of client performance.

The Salt Lake City broker-dealer, under scrutiny by regulators over its exorbitant fees and seizure of client money, lost a court battle seeking to force regulator FINRA to deal with it in person.

Carrie Tolstedt invoked her right to remain silent about allegations she misled bank customers.

The bank says plaintiffs cannot connect instances of identity theft or fraud to incidents at the bank, giving the case no standing.

The San Francisco data aggregator has committed to minimizing how much data it extracts from bank accounts.

FINRA arbitrators decided not to hold the major custodian liable for transactions prior to 2008, an attorney for the clients says.

The compliance inquiry relates to past disclosures around the Intelligent Portfolios product.

The free trading app’s breakneck growth hurt the same small-time investors it sought to empower, FINRA says.

The penalty stems from lapses tied to a March 2020 outage and allegations that the fintech firm let thousands of clients trade options that might not have been appropriate for them.

Two representatives in a New Jersey office made lewd comments and created a hostile work environment, the former employee says.

Beverley Schottenstein steps back into legal combat against her grandsons — two brothers — after a deal to hash out an agreement over their mishandling of her $80 million fell apart.