Lawsuits

The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway.

The settlement would apply to advisors who participated in the firm’s deferred-compensation plan from February 2011 through January 2020.

FINRA blocked the influential advisor and wealth management entrepreneur on one case, but an arbitrator backed him on another.

The advisor switched firms only to see his new employer close shop 18 months later.

The bank was accused of infringing on another firm's patent for a mobile deposit system.

Funds that track custom-built indexes often seek exposure to securities based on factors like ESG and strategies that would typically be actively managed.

The advisors had won $1.6 million in back pay and fees in a case decided last month.

Judge temporarily barred the advisor from soliciting former clients ahead of a FINRA arbitration hearing.

The bank has filed similar lawsuits this year over alleged non-solicitation violations against advisors who departed for competitors.

The cases allege unsuitable recommendations of LPs issued by affiliates of GPB Capital, which faces multiple investigations.

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.