Law and legal issues

A lawsuit will turn on whether UBS can demonstrate that Alexandra Van Meurs violated contract agreements when she and her team jumped to Morgan Stanley.

A former engineer claims he was “routinely harassed and discriminated against” by the custodian and its management.

Earlier this year, FINRA arbitrators granted the former advisor’s expungement request, but still sided with the firm on its demands for repayment of two promissory notes.

Michael Kitces, co-founder of XY Planning Network, says the group is mulling its options after a federal court struck down the organization’s lawsuit against the SEC rule.

Asset manager Blueprint Capital Advisors claims they stole confidential business information and discriminated against the Black-owned firm.

Marylin Booker accuses the company of failing to support Black advisors and criticizes its use of mandatory arbitration to settle employee disputes.

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.

A federal court decision that could be subject to appeal secured Social Security benefits for certain same-sex marriages that hadn't previously been eligible.

It’s the regulator’s largest restitution order this year.

The change is one of several made to the board’s disciplinary reporting process following a report by an independent task force that found “systemic, long-standing, governance-level weaknesses.”

The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.

Firms founded by Jason Wenk allegedly failed to oversee a former advisor accused of investing clients in unregistered securities.

Production companies claim fraudsters bilked them out of $3.5 million under the bank's watch.

The firm allegedly provided some clients with misleading information about which charges they were actually paying for.

The lost assets represent a big hit to the firm’s operations in the small Missouri town where the advisor was based, ex-employer claims.

Lawsuit claims woman advisor was denied revenue opportunities and administrative support amid an alleged climate of harassment and discrimination.

Standard General accused Tusk Strategies of “blanketing the media with false and misleading proxy materials” on behalf of a “secret client.”

XY Planning Network and coalition of states are asking court to overturn advice regulation they say holds brokers to lesser standard.

The policy change may prompt more defendants to reach settlements, an attorney says.

Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.