Law and legal issues

For advisors that make a claim of misconduct the deck appears stacked in favor of the employers.

Clients have filed hundreds of similar claims against UBS since 2013, with aggregate damages of $2.6 billion.

While it may be unnerving, a notice of an examination doesn’t necessarily mean defeat.

A petition to vacate the award was denied by a federal judge.

A Florida court will hear a client’s claim that the firm charges processing fees that had ranged as high as 10 times more than the stated purpose: transaction and clearing costs.

The relationship disintegrated because of a dispute about where to best place client trades.

Advisor Brian Chilton’s $844,000 arbitration award could herald more losses for the firm.

It’s at least the fifth time this year that the bank is suing a former advisor for allegedly violating a non-solicitation agreement.

Earlier this year, Jason Kirkland was recognized for his “many contributions” to the firm.

Can FINRA suspend the advisor’s license?

A former employee suing the firm for racial discrimination says he was not properly notified of changes in how Morgan resolves disputes.

The firm had sued a former $660 million team that moved in September to Stifel.

The Supreme Court recently reversed an appeals court ruling on what constitutes “money remuneration.”

The bank’s effort to show that the advisors violated non-solicitation agreements was “far from persuasive, never mind conclusive,” the judge ruled.

The advisors also reject the wirehouse’s claims they violated non-solicitation agreements.

The firm claims it is also missing important documents related to a large institutional client.

The advisors say they violated no contracts and took no confidential client information when they resigned from the bank.

This is the third such suit the bank has filed against former advisors in recent months.

A settlement with Massachusetts regulators resolved a nontraded REIT case, but NPH’s terminations from FINRA and a handful of states are still pending.

The advisor, who penned a memoir about drug addiction, accuses the firm of wrongful termination.