Lawsuits

Wells Fargo sues $300M breakaway team over client data issues

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

Lawsuits Andrew Welsch June 4

Lawsuits Andrew Welsch June 4
Drug memoir writer and Morgan Stanley tangle in court

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

Lawsuits Andrew Welsch June 1

Lawsuits Andrew Welsch June 1
Another longshot bid to save DoL fiduciary rule

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

Fiduciary Rule Kenneth Corbin May 17

Fiduciary Rule Kenneth Corbin May 17
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

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