Law and legal issues

Increased captive insurance coverage due to expanded business in 2018 was a primary driver of a three-year high in regulatory spending, the firm says.

Frederick McDonald Jr. is accused of failing to disclose key risk factors regarding the complex world of the cannabis manufacturing industry.

Tapping into these plans is one method used to prevent bankruptcy.

The requirement is back in the spotlight as consumer advocates and business interests face off on proposal to outlaw this key provision of customer agreements.

The Ladenburg IBD failed to spot the red flags of a barred ex-advisor who later pleaded guilty to fraud, former clients say.

Under the firm's CEO, who is also its chief compliance officer, the alleged scheme continued undetected for seven years, the SEC says.

The justices said bankers can be held liable for sending clients deceptive information written by others.

The advisors joined a former colleague at Steward Partners, an independent firm affiliated with Raymond James.

One tipster will get $37 million, the third-biggest ever for the agency's whistleblower program.

The regulator also faulted Merrill’s supervisory policies and procedures.

The case could bring unwelcome scrutiny of Wall Street's compensation and employment practices.

The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.

Morgan Stanley was dragged into the family spat as father and children fought a tug-of-war over two accounts held at the firm.

It may seem like your interests are aligned but there could be conflicts.

“The more ties you cut, the better — auditors like to see a moving van and an itemized list of what was moved,” one lawyer says.

The advisor and his alleged co-conspirators made $5 million in illicit profits off misappropriated information, according to prosecutors.

The company said it might have to spend as much as $2.7 billion to resolve a variety of investigations and other legal troubles.

Forty-seven investors, some over the age of 63, were among the victims.

A financial advisor at another firm says he was promised a lower mortgage rate at Bank of America if he deposited money into his Merrill Edge account.

The bank was ordered to pay more than $5 billion over a tax-evasion case in France.