Law and legal issues

The firm falsely claimed on his Form U5 that he deliberately changed a customer’s address from California to New Hampshire to facilitate the sale of an annuity, the broker alleged.

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.

Only 17 states permit these trusts, which can play an important role in planning for income taxes and estate taxes.

The broker misappropriated his clients’ investment money for rent, credit card bills and other personal uses, investigators say.

Barry Snyder’s complaint depicts him as a victim of federal investigators and the bank, with both sides threatening to turn on him.

National Financial Services accused the brokers' former IBD of breach of contract in a case displaying the complexities of such moves.

The accusations shed light on the massive back-office systems maintained by regulators and the difficulty of keeping the sensitive information in them private.

The regulator moved to eliminate a $400 fee for “explained decisions.”

Steven A. Cohen’s firm says a female executive is required by her employment contract to confidentially arbitrate her dispute with the asset manager.

The two IBDs have agreed to pay restitution in one of the largest securities fraud cases in the advisor’s home state.

The organization awarded millions to firm insiders that provided information in a 2016 case against BofA.

Even after a federal appeals court struck down the rule, more clashes over the regulation of sales versus advice are inevitable.

The $11 billion hedge fund is accused of operating like a “boys’ club” where women were paid less than their male counterparts.

The Department of Labor has an incentive to defend its rule-making authority even though it is considering revisions to the regulation.

Focus turns to the SEC as it considers creating its own higher standard of client care.

Investors were bilked out of approximately $611,000, say federal prosecutors.

Fearing the broker would leave, Citi distorted incidents he had with two colleagues in order to fire him and take his $200 million book of business, the broker’s lawyer says.

Pinnacle Investments tapped Ami Forte despite her ongoing legal struggles with her former firm and Home Shopping Network founder Roy Speer’s estate.

ACG Wealth’s affiliated IBD has also added teams from LPL and Merrill Lynch. Its CEO says the firm is just getting started.

Citing mounting investor losses from unpaid arbitration awards, investor advocates see a role for Congress to force FINRA's hand.