Lawsuits

From sealed transcripts, the inside saga of LPL Financial's largest termination ever

Former CEO Mark Casady disclosed in arbitration testimony what led to the firing that resulted in a $30 million claim against the firm.

Arbitration Tobias Salinger April 11

Arbitration Tobias Salinger April 11
Ameriprise advisor is 'bad-mouthing' our brokers, JPMorgan claims in lawsuit

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.

Lawsuits Andrew Welsch April 11

Lawsuits Andrew Welsch April 11
Edward Jones accused of pushing clients into fee-based accounts

Investors brought a class-action suit against brokerage alleging a "scheme to churn revenue from essentially dead assets."

Fiduciary Rule Kenneth Corbin April 5

Fiduciary Rule Kenneth Corbin April 5
Will Point72 sexism claims get a public airing?

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

Gender discrimination March 22

Gender discrimination March 22
Kitces: The way out of this fiduciary mess

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

Fiduciary Rule Michael Kitces March 19

Fiduciary Rule Michael Kitces March 19
Cohen scrutinizes Point72’s culture as consultant exits

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

Workplace culture March 19

Workplace culture March 19
Fiduciary rule's next stop: Supreme Court?

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

Fiduciary Rule Andrew Welsch March 16

Fiduciary Rule Andrew Welsch March 16
Fiduciary rule, RIP? Fate looks dim after court overturns regulation

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

Fiduciary Rule Andrew Welsch March 15

Fiduciary Rule Andrew Welsch March 15
Ex-Morgan Stanley advisor embroiled in $38M client scandal lands at IBD

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

Arbitration Tobias Salinger March 15

Arbitration Tobias Salinger March 15
Voices TRO shakedown waged by Morgan Stanley and UBS is already unraveling

Mark Elzweig
President Mark Elzweig Co.

After both firms exited the Broker Protocol, their attempts to browbeat advisors have largely failed, one recruiter argues.

Broker Protocol March 6

Broker Protocol March 6

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