Lawsuits

The SEC says Marguerite Cassandra Toroian waited to allocate stock purchases to herself, her family or clients once she knew if the purchases were winners or losers.

Joseph Orazio DeGregorio convinced his victims to invest in promissory notes and companies that never even existed.

A judge’s decision puts new pressure on the brokerage industry watchdog and the SEC.

The grandsons lost a bid to force Beverley Schottenstein to negotiate a FINRA award in her favor.

After two stints as a rep for Charles Schwab, Russell Joseph Mutter started a Ponzi scheme that ran for nearly a decade in his home county.

The firm that helped dozens of practices go independent is using the tactic most often deployed by its previous main rivals.

Rapidly growing multifamily office Cresset and similar firms have been adding advisors in droves even as wealth managers take them to court.

Officials said when he could no longer keep his investment fraud running, Scott Nicholson admitted to his clients that their money was gone and their investment was worthless.

R. David Yost and his soon-to-be-former son-in-law are slugging it out in court over allegations of tax evasion.

Jeffrey Santulan and his company, Safeguard Metals, are facing enforcement actions by the SEC, the Commodity Futures Trading Commission and 27 state securities regulators.

The wirehouse and its attorney “manipulated the arbitrator selection process” and “introduced perjured testimony,” according to the ruling.

Officials said for nearly a decade, former New York advisor Perry Santillo defrauded clients to throw six-figure birthday parties and fill his closet with $10,000 suits.

Federal authorities say ex-PNC advisor Tara M. Brunst acted as a recruiter in a scheme that defrauded 54 people.

If approved, the agreement would resolve claims over two security breaches that compromised personal information of 15 million current and former clients.

From stealing millions to murder investigations, here are 13 big crime and court stories covered by Financial Planning in 2021.

Paul Ricky Mata started a real estate scheme in 2008 that allowed him to drain more than 100 victims of millions. His victims will never fully be repaid.

Gwen Campbell is pursuing mandatory arbitration with the Wall Street institution over allegations that its private bankers aggressively courted her star clients.

The former Merrill Lynch, Wells Fargo and Citigroup broker who spent five years stealing from his friends and family to live a luxurious life will now spend even longer behind bars.

Jeffrey Slothower, a former registered investment advisor and founder of Battery Private, has been charged with wire fraud, investment advisor fraud and money laundering.

The ruling may offer hope for Gwen Campbell, who alleges that JPM’s private bank is “poaching” and “siphoning” her celebrity clients’ assets away from her management and paycheck.