Law and legal issues

Funds that track custom-built indexes often seek exposure to securities based on factors like ESG and strategies that would typically be actively managed.

The advisors had won $1.6 million in back pay and fees in a case decided last month.

A former rep has drawn at least 30 claims after pleading guilty to fraud, while clients of another ex-LPL advisor are seeking damages five years after his initial arrest.

Judge temporarily barred the advisor from soliciting former clients ahead of a FINRA arbitration hearing.

It’s the sixth time so far this year that former Credit Suisse advisors have won damages against the firm.

Sixty-six SEC whistleblowers were awarded $387 million for a “job well done,” according to the commission's whistleblower attorney Stephen Kohn.

The bank has filed similar lawsuits this year over alleged non-solicitation violations against advisors who departed for competitors.

As the college savings vehicle grows in popularity, regulator up scrutiny of brokerages’ recommendations to clients.

The court is taking up a challenge to one of the agency’s most potent legal weapons.

When an unusual recruiting deal between Credit Suisse and Wells Fargo went awry, years of broker frustration, severe attrition and litigation followed. Also at stake: Up to $245 million in back pay.

The dispute involves dueling claims of fiduciary responsibilities.

Christine Carona's former boss allegedly made derogatory comments about her personal life in front of UBS employees, according to the arbitration ruling.

Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

BrokerCheck is potentially missing critical information clients need to evaluate brokers, investor advocates say.

Although FINRA cannot investigate potential wrongdoing by these former employees, state regulators are expected to do so.

The Philadelphia-based firm takes round one in a complaint involving Broker Protocol and debt issues.

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The regulator’s move follows a Financial Planning investigation into whistleblowing by former JPMorgan financial advisor Johnny Burris.