Law and legal issues

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.

The advisors agreed not to solicit clients and to return confidential information to the bank.

The lawsuit accused JPMorgan of sending white advisors to wealthier places while assigning black colleagues to less lucrative branches and denying them opportunities.

While proceeds from life insurance are not subject to income tax, there are other taxes that will apply. But there are steps to take to avoid those liabilities too.

The two advisors have already transferred about $160 million in client assets, according to their former employer.

The case is a legacy of the fallout from Puerto Rico's bond crisis and the performance of UBS closed-end funds.

State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration.

The firm "deprived its clients of unbiased financial advice," the regulator says.

Jean McCrave Baxter claims colleagues made sexual jokes and she was denied advancement opportunities afforded to male co-workers.

Elkhorn Capital is being sued by investors who say its founder misrepresented a marketing relationship with Barclays.

Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.