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Litigation
Judge tosses restraining order against UBS breakaways
The Swiss wirehouse hit the founding partners of an $8 billion firm with a lawsuit.
Former Nicholas Schorsch firm CFO found guilty of accounting fraud
The magnate's fallen empire included RCS Capital, the onetime parent of Cetera Financial Group.
Disabled clients lost $500K in TD Ameritrade chatroom
They seek a refund and damages after they said the firm directed them to its Thinkorswim website, according to a FINRA arbitration filing.
In wake of ski resort fraud case, Raymond James grabs Morgan complex manager
The new recruit joins after the regional firm paid $150 million to settle a lawsuit brought by an SEC receiver.
Amid surge in complaints about annuities, BD loses $1M arbitration to ex-client
The broker’s written promise of 7% returns on a variable annuity made for a simple case, the lawyer for the claimant says.
Raymond James pays $150M to settle ski resort lawsuit alleging fraud
The settlement is the third major regulatory payment the BD has incurred in the past year. A branch manager associated with the Jay Peak case has also left the firm.
Facing $1M clawback, adviser finally gets day in court — and wins
A federal judge ruled that the ex-Barclays adviser had been unfairly forced into FINRA arbitration, where a panel had ruled against him.
How should advisors defend against fiduciary litigation?
Planners and brokers alike must revisit their policies and procedures, caution legal and compliance experts. Here’s where to start.
