Law and legal issues

Her fresh criticism comes after FINRA barred her former Morgan Stanley branch manager this week.

Some of the proceeds went to commission a song with the lyrics: “Pop champagne in L.A., New York to Florida; buy another bottle just to spray it all over ya,” says the SEC.

The client, who was the co-founder of the HSN, suffered from dementia and was declared legally incompetent, according to a FINRA letter of acceptance, waiver and consent.

One JPMorgan client thought it was “odd and weird” that the advisor called during the Memorial Day holiday, on behalf of Merrill Lynch.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Cory Redding couldn't retire after the 2014 season and played another year to recoup some of his losses.

One of the arbitrators on the three-member panel should have been disqualified, according to the petition.

Before agreeing to settle a client’s complaint, advisors should look for this key clause in the contract.

Robert Dekas claimed the firm breached its fiduciary duty by executing trades in unsuitable investments, says the regulator.

Critics say the SEC isn’t living up to promises made when Jay Clayton became chairman.

A client's alleged complaint sparked a dispute between the wirehouse and its former advisors.

Ex-employee charges that African-Americans are denied opportunities at the brokerage giant in a climate of institutional discrimination.

Craig Schmell says the firm terminated him because of alcohol and drug addiction issues he had 30 years ago.

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.

Howard Price III used the funds to make purchases at clubs, bars and restaurants, say regulators.

The firm has spent the last two years working to overcome various scandals.

The advisor told victims that he would invest their money in Royal Alliance brokerage accounts but instead used the funds to make BMW car payments and pay for personal expenses, prosecutors claimed.

The firm’s asset management arm, along with Franklin Templeton, supplied Remington with a $100 million loan to carry it out of the Chapter 11 process.

With the federal government standing down, attorneys general from California, New York and Oregon make a late appeal to save the rule.

The bank subjected the advisor to disparate treatment and made conditions so intolerable that he had no choice but to leave, the advisor claimed in a lawsuit.