Lawsuits

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.

The rule unfairly gives brokers a leg up in the marketplace, harming the network’s 1,000 independent advisors, the firm claims.

The document further complicates an ongoing lawsuit that has already led to lost revenues at the leading turn-key asset management platform.

Claims and counterclaims fly as arbitration panel orders an advisor to repay $1.66 million in promissory notes, but that's not the last word in this nearly five-year long dispute.

The then 61-year-old employee says she got written warnings for infractions while younger colleagues went undisciplined.

Allegations rose amid multiple multimillion-dollar donations while the company’s CEO sits on MIT’s board.

Critics reject the notion that disclosure alone is sufficient for reigning in conflicts — but the charges against Commonwealth have put BDs on notice.

The firm's most recent lawsuit over alleged non-solicitation violations centered on an advisor's thank-you cards to clients.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

FinApps has filed a lawsuit that claims the data aggregator swiped its proprietary software, according to its lawyer Marc Kasowitz.

AR Capital, Schorsch and former CFO Brian Block allegedly raked in millions through inflating fees in REIT mergers.

The wirehouse’s latest litigation suggests other everyday activities of defectors could come under scrutiny.

Truliant Federal Credit Union claims that the BB&T-SunTrust post-merger brand represents trademark infringement and unfair competition.

The firm agreed to “remove language that formed the basis of the alleged misrepresentations."

Recent lawsuits highlight the unpredictable nature of litigation in a post-Broker Protocol world.

It was accused of pushing nearly 250,000 unaware customers into delinquency.

Activist investors have taken large stakes in at least 100 of the products so far this year.

The firm calls the lawsuit's claims "baseless."

Is there a lesson for other advisors considering a career change?

The Ladenburg IBD failed to spot the red flags of a barred ex-advisor who later pleaded guilty to fraud, former clients say.