Litigation

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.

Judge temporarily barred the advisor from soliciting former clients ahead of a FINRA arbitration hearing.

It’s the sixth time so far this year that former Credit Suisse advisors have won damages against the firm.

The bank has filed similar lawsuits this year over alleged non-solicitation violations against advisors who departed for competitors.

When an unusual recruiting deal between Credit Suisse and Wells Fargo went awry, years of broker frustration, severe attrition and litigation followed. Also at stake: Up to $245 million in back pay.

The dispute involves dueling claims of fiduciary responsibilities.

The Philadelphia-based firm takes round one in a complaint involving Broker Protocol and debt issues.

Even though many of its members weren’t satisfied by the SEC’s rule, NASAA praises the inclusion of a requirement to consider costs in a recommendation.

It’s the latest victory for brokers fighting to reclaim pay withheld by a former employer.