Litigation

A court ruling may also potentially help dozens of other advisors in their efforts to claim what they say is millions in deferred compensation they are due.

A lawsuit will turn on whether UBS can demonstrate that Alexandra Van Meurs violated contract agreements when she and her team jumped to Morgan Stanley.

Earlier this year, FINRA arbitrators granted the former advisor’s expungement request, but still sided with the firm on its demands for repayment of two promissory notes.

Marylin Booker accuses the company of failing to support Black advisors and criticizes its use of mandatory arbitration to settle employee disputes.

SagePoint Financial failed to adequately supervise reps who recommended that clients exchange the products before maturity, the regulator says.

The onetime CFP pleaded guilty to violating his parole after previously avoiding prison time through a plea deal in 2018.

Production companies claim fraudsters bilked them out of $3.5 million under the bank's watch.

Lawsuit claims woman advisor was denied revenue opportunities and administrative support amid an alleged climate of harassment and discrimination.

XY Planning Network and coalition of states are asking court to overturn advice regulation they say holds brokers to lesser standard.

Stipulated agreements by BDs and advisors looking to fast-track the arbitration process are becoming increasingly common.

The client, Moises Cosio, is a filmmaker and the scion of a Mexican banking and real estate fortune.

The defeat is the most recent for Credit Suisse in an ongoing deferred compensation fight in which ex-advisors have won millions.

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.

An arbitration panel rejected efforts to impose a permanent injunction against a broker who left for Raymond James.

The arbitrators based their ruling “on the defamatory nature of the information.”

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.

“This didn’t seem like a very fair process,” says the ex-advisor, who was ordered to pay the firm $206,000 for breach of promissory note.

A former rep has drawn at least 30 claims after pleading guilty to fraud, while clients of another ex-LPL advisor are seeking damages five years after his initial arrest.