Lawsuits

After Brooklynn Chandler Willy recommended that the clients invest $100,000 into an LLC, its principals were arrested on federal fraud charges, the filing says.

The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.

The legislation re-introduced in Congress could give more clients the option of seeking damages through the courts.

Wealthy retail matriarch Beverley Schottenstein will accept less than the $10 million that FINRA ordered her two grandsons, former JPM brokers, to pay her for mismanaging her money.

After a month of failed attempts to recover the cash, a Louisiana woman was arrested on charges of bank fraud, theft and illegal transmission of monetary funds.

The long-simmering dispute spotlights the sometimes fraught nature of advisor career moves.

The dispute highlights the complicated nature of non-solicitation carve-outs when advisors switch firms.

It’s complicated, but possible, to limit risk and liability when moving a practice.

The legal tussle represents the latest effort by a brokerage firm to enforce non-solicitation agreements against advisors.

The lawsuit claims the no-fee brokerage preys on inexperienced and unsophisticated investors

The bank allegedly made “hundreds of millions of dollars” by investing client assets in underperforming proprietary and affiliated funds without disclosing conflicts to clients.

The “commission free” trading app did not disclose that it collects payment from market makers in exchange for executing trades, according to the lawsuit.

An employee who left in 2018 said she experienced a barrage of racial and sexual antagonism while at the firm, such that “it is not possible to list all of the comments and conduct in one document."

Two women employees at the firm’s Newport Beach, California office say they were demoted after reporting instances of bias and harassment.

Firms' legal brawls with departing advisors don’t exactly enhance their stature among clients. But there's reason to think this may become a thing of the past, writes recruiter Mark Elzweig.

The discrimination case revolves around allegations of disparate treatment in the firm’s agency distribution channels.

The bank was seeking to overturn some $400,000 in attorney fees awarded to four advisors as part of a $2 million case.

The advisor sold securities out of one account to buy a Camaro ZL1 — then resold the car to the same victim, the regulator alleges.

Pressing the bank for examples of non-solicitation violations, the judge cut off JPMorgan’s attorney: “you are dancing all around my question.”

It’s the latest dramatic twist in the story of USO, which was at the center of the storm as crude prices plunged earlier this year.