Law and legal issues

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

The widow argued that her advisor failed to confer with her about the investment strategy he and her late husband developed prior to her husband's sudden death.

Regulatory decisions, whistle-blower cases and acquisitions will define wealth management in 2018, and the people here will be the decision-makers who remake the industry.

In a concession to the advisor, he can still respond to client emails and calls, even though he may not initiate contact.

Advisors should expect more regulatory requirements, enforcement actions and uncertainty in 2018, experts say.

He intercepted checks from her home when she wasn’t there and forged her signature to steal her money, investigators say.

The wire fraud charge came nearly four years after the CFP Board revoked his certification.

The firm previously accused its former employee of using company stationery to continue to pass herself off as an Ameriprise advisor.

The SEC sought $3.4 billion in sanctions, the lowest total since 2013, according to data collected by a law professor at Georgetown University.

Even those who don’t work for Morgan Stanley could find themselves in a Catch-22.

The bank criticized the jury for "accepting to the penny" the family's legal team's invitation to award the $8 billion without doing any independent analysis.

An hour after Jennifer Sharkey was awarded $1.13 million in damages, the judge said she'll likely order a new trial if the two sides don’t reach a settlement because the verdict is "substantially flawed."

Jurors in New York federal court awarded Jennifer Sharkey $563,000 in back pay and $563,000 for emotional damage.

The award marks the largest of its kind this year.

FINRA rejected the advisor's claims as the firm resolved two longstanding compliance issues.

Lies about being in contact with clients were the real reason the whisteblower was fired, according to a defendant and key witness for the bank.

A former vice president in the private wealth management group claims she was fired for investigating suspicions that a client might be involved in fraud or money laundering.

"This bill is a giant wet kiss to Wall Street,” Senator Elizabeth Warren says.

Advisors should address client issues in-house, which sometimes means taking a hard look at supervisory controls, regulators say.

Authorities say increased regulatory coordination has boosted scrutiny of firms and advisors.