Litigation

Agency's critics say many companies still see their settlements as a cost of doing business.

CFP Board is seeking to preserve "adversarial principles" in proceedings before its disciplinary and ethics commission.

The justices' decision in SEC v. Cochran could ultimately reduce the power of administrative law judges over advisors and broker-dealers.

In a twist, recent class actions blame 401(k) advisors for not putting investors' money into higher cost, better performing investments.

Why industry veterans Christopher J. Asher, Jason D. Cooke and Vincent J. Camarda, charged in separate cases. will go by "defendant" and not "CFP."

Joshua David Nicholas adds federal charges to a long list of fines, citations and ejections from the industry.

James Iannazzo will sidestep criminal charges and enter a rehabilitation program that puts him under supervision for one year.

Shawn E. Good has been an advisor for more than 30 years. He is now barred from the industry by FINRA.

Vania May Bell has admitted to helping her father run a scheme that started in the late 1990s and ended in 2018.

David Hu apologized to the firm’s investors and clients, as well as his wife and two children, before being sentenced.

Federal authorities say Raymond A. Erker ran a Ponzi scheme that defrauded 54 people, but he maintained he did nothing wrong while on the stand.

He says the industry has become much more diverse and supportive, but there’s still a long way to go.

The SEC says Marguerite Cassandra Toroian waited to allocate stock purchases to herself, her family or clients once she knew if the purchases were winners or losers.

After two stints as a rep for Charles Schwab, Russell Joseph Mutter started a Ponzi scheme that ran for nearly a decade in his home county.

Officials said when he could no longer keep his investment fraud running, Scott Nicholson admitted to his clients that their money was gone and their investment was worthless.

Furman Alexander Ford, who once jumped his fence to avoid federal agents, will head back to trial in May for a separate criminal case involving Medicare fraud.

Jeffrey Santulan and his company, Safeguard Metals, are facing enforcement actions by the SEC, the Commodity Futures Trading Commission and 27 state securities regulators.

FINRA alleges the firm failed to maintain control of billions of dollars in securities and spent more than a decade inaccurately disclosing potential conflicts of interest.

Officials said for nearly a decade, former New York advisor Perry Santillo defrauded clients to throw six-figure birthday parties and fill his closet with $10,000 suits.

Keith Todd Ashley has been arrested, jailed and indicted multiple times in connection to murder, fraud and a fabricated suicide.