Litigation

The action in federal court alleges the exiting advisors received an incentive package worth as much as $70 million for joining RBC.

Other states are likely to look to Massachusetts for guidance on how far they can go in holding broker-dealers to a higher standard than Regulation Best Interest.

Mario Rivero pleaded guilty in February to swindling five clients out of more than $600,000.

A lawyer representing Keith Todd Ashley argues prosecutors overreached in arguments used to obtain life sentence against his client.

A brokerage client's portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.

James Tuminello argues in court documents that he only reached out to clients he formed with relationships before joining the large wirehouse.

Missouri requires brokers who recommend investing on environmental, governance or social principles to sign statements saying they "are not solely focused on maximizing" returns.

A lawyer representing advisors warns the new rule will drive the forum fees of arbitration hearings well above $10,000.

Advisors and brokers rarely put up fights when a former employer comes for loan paybacks as successes are few and far between.

Popular online brokerage has paid $175 million to resolve recent actions by federal and state regulators.

Employees at 11 firms, some ranking as high as senior executive, stood accused of using WhatsApp and similar services to conduct business in violation of recordkeeping rules.

A staff member in the firm's fraud investigations group found reporting failures dating back to 2009.

State regulators accused the wealth management giant of charging customers commissions of $75 or more for small equities transactions.

In an 'infinitely rare' move, one member of FINRA's arbitration panel wrote a lengthy dissent noting the ex-employee's extensive training in anti-money laundering measures.

The regulator's court victory wraps up years of litigation against a financial planner accused of defrauding at least nine clients of more than $1 million.

The plaintiffs plan to argue the current system deprives them of their right to a jury trial in cases involving securities allegations.

The principals at Legend Venture Partners stand accused of making millions by offering shares in pre-IPO companies without disclosing markups to investors.

The SEC accused the famed investment management firm of providing a faulty formula to a subadministrator responsible for calculating its fee waivers.

The bank will pay $290 million over allegations that it didn't do enough to stop disgraced financier.

The former relationship manager has pleaded not guilty to allegations he blew money from client accounts on bad stock bets.