Lawsuits

Having hit most of the big Wall Street firms with hefty fines for misusing WhatsApp and similar services, regulators are now turning their attention to independent advisors.

A magistrate judge finds the clients' family failed to put forward 'legally sound' claims that JPMorgan breached any duties by putting an elderly couple into risky securities tied to oil and gas.

The case is the latest to emphasize advisors' obligations to let investors know when they receive money for recommending certain mutual fund products.

The legal action also alleges Mark Lamkin's former associates conspired behind his back to prevent him from leaving with his clients.

The Financial Services Institute continues to push for a return to a Trump Administration rule it contends offered clarity in employment questions.

Coverage providers have come to expect that some clients will find fault with their advisors during down markets, whether the blame is warranted or not.

A lawyer says the industry has been on notice at least since the "Boom Boom Room" scandal of the 1980s that hostile workplaces won't be tolerated.

The charges likely lead to a "layup" situation for FINRA should it seek to oust the broker.

Helen Grace Caldwell told her employees about her side film hustle but neglected to add that her clients were helping her fund it.

The broker-dealer group is questioning the Department of Labor's plans to replace a simpler rule adopted by the Trump Administration to determine when workers qualify as direct employees.

Millions of dollars are at stake for dozens of former employees — but the case also raises questions about the federal law governing retirement plans.

The arguments in Moore v. U.S. carry major potential implications, but these 14 excerpts suggest SCOTUS will deliver a less sweeping decision next year.

Industry watchdogs weren't concerned only about hot topics like artificial intelligence and cybersecurity but also remote work policies and the ability of brokers to clear their names.

Electronic messaging, Reg BI, crypto and fraud all appeared at the top of regulators' agenda this past year.

The plaintiff in the class-action suit notes that returns at rival institutions rose when inflation started driving prices up last year. Her rates did not.

Bans on working at brokerage firms don't lead to prohibitions on acting as an RIA as often as one might think.

The doubts raised over the broker-dealer self-regulator's authority come amid a general questioning of the federal government's oversight powers.

A new report finds that contract clauses forcing investors' cases into private forums too often stack the deck in favor of firms.

The fine arises from market manipulation committed by a pair of former employees over the course of nearly seven years.

A lawyer representing hedge fund manager George Jarkesy argues the dispute could be solved simply by letting defendants choose to take their cases to regular courts.