Lawsuits

Investors brought a class-action suit against brokerage alleging a "scheme to churn revenue from essentially dead assets."

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.

Barry Snyder’s complaint depicts him as a victim of federal investigators and the bank, with both sides threatening to turn on him.

Steven A. Cohen’s firm says a female executive is required by her employment contract to confidentially arbitrate her dispute with the asset manager.

Even after a federal appeals court struck down the rule, more clashes over the regulation of sales versus advice are inevitable.

The $11 billion hedge fund is accused of operating like a “boys’ club” where women were paid less than their male counterparts.

The Department of Labor has an incentive to defend its rule-making authority even though it is considering revisions to the regulation.

Focus turns to the SEC as it considers creating its own higher standard of client care.

Pinnacle Investments tapped Ami Forte despite her ongoing legal struggles with her former firm and Home Shopping Network founder Roy Speer’s estate.

After both firms exited the Broker Protocol, their attempts to browbeat advisors have largely failed, one recruiter argues.

Rival firms like Ameriprise could stand to gain as advisors adapt to new recruiting realities.

A FINRA arbitration panel concluded that the No. 1 IBD made false and defamatory statements in its U5 filings.

"Simply put, the plaintiff here is looking to be paid the same money twice," a spokeswoman for the Swiss firm says.

In the latest clash after Morgan Stanley's exit from the Broker Protocol, the firm notched a win as the case heads to FINRA arbitration.

The advisor claimed the bank placed a slanderous statement in his form U5, preventing him from finding a new job.

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

In a concession to the advisor, he can still respond to client emails and calls, even though he may not initiate contact.

The firm previously accused its former employee of using company stationery to continue to pass herself off as an Ameriprise advisor.

Even those who don’t work for Morgan Stanley could find themselves in a Catch-22.

"This bill is a giant wet kiss to Wall Street,” Senator Elizabeth Warren says.