Law and legal issues

The broker-dealer filed a motion requesting that Jason Kirkland’s lawyer not be allowed to represent him in court.

There are no “alternative facts” in the law, just truth, opinion and lies. Two you can’t sue for. And the third? Well, brokerages are very careful with their words.

The IBD network’s parent repurchased the majority of Dr. Phillip Frost’s shares just before the SEC filed proposed settlements of its pump-and-dump case.

Jason Kirkland, a former Baird employee, has sued the firm for allegedly withholding his compensation.

The clients say their advisor improperly invested their funds in a Miami Beach nightclub that failed.

A months-long court fight ended when a judge granted the wirehouse’s request to restrict the advisors’ ability to contact clients.

Wall Street’s main regulator has made ADR sales a focus of its enforcement efforts.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

One of the first RIA aggregators is at the center of a bitter legal dispute.

Former Securities America rep Hector May carried out a 20-year scam through his outside RIA, according to prosecutors

The rarely dinged firm joined peers grappling with two issues: mutual fund fees and supervision of advisors who've been sanctioned multiple times.

The regulator bills the move as the latest effort to bring transparency to the challenge of unpaid awards.

The representative had already been permitted to resign and suspended by state regulators, but the firm lost its case for additional damages.

The payout, to 27,000 victims worldwide, is the third distribution from the $4 billion fund, according to the Justice Department.

Retirement assets received in a divorce settlement may be available to creditors, a federal court has ruled. The decision may have far-reaching consequences for clients.

The firm alleges the advisors violated a non-solicitation contract, which they have denied doing.

Richard G. Cody, formerly of Boston Investment Partners, allowed his clients’ accounts to dwindle to almost nothing, according to the Justice Department.

The broker-dealer alleges Jason Kirkland violated company policy, used confidential information and broke his 12-month non-solicitation agreement, among other claims.

Brokerage firms have been filing more lawsuits against former employees over alleged violations of non-solicitation agreements.

A civil filing by an IBD seeks damages for firms and reps “who devoted significant time and resources to building a book of business,” an attorney says.