Litigation

David Olson, an advisor of nearly 30 years, worked at Morgan Stanley until his termination in 2016.

The broker misappropriated his clients’ investment money for rent, credit card bills and other personal uses, investigators say.

The two IBDs have agreed to pay restitution in one of the largest securities fraud cases in the advisor’s home state.

Pinnacle Investments tapped Ami Forte despite her ongoing legal struggles with her former firm and Home Shopping Network founder Roy Speer’s estate.

After both firms exited the Broker Protocol, their attempts to browbeat advisors have largely failed, one recruiter argues.

Rival firms like Ameriprise could stand to gain as advisors adapt to new recruiting realities.

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

The move could help the firm block former advisors from contacting clients.

A FINRA arbitration panel concluded that the No. 1 IBD made false and defamatory statements in its U5 filings.

"Simply put, the plaintiff here is looking to be paid the same money twice," a spokeswoman for the Swiss firm says.

In the latest clash after Morgan Stanley's exit from the Broker Protocol, the firm notched a win as the case heads to FINRA arbitration.

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

Regulatory decisions, whistle-blower cases and acquisitions will define wealth management in 2018, and the people here will be the decision-makers who remake the industry.

In a concession to the advisor, he can still respond to client emails and calls, even though he may not initiate contact.

He intercepted checks from her home when she wasn’t there and forged her signature to steal her money, investigators say.

The wire fraud charge came nearly four years after the CFP Board revoked his certification.

Even those who don’t work for Morgan Stanley could find themselves in a Catch-22.

The bank criticized the jury for "accepting to the penny" the family's legal team's invitation to award the $8 billion without doing any independent analysis.

The award marks the largest of its kind this year.

FINRA rejected the advisor's claims as the firm resolved two longstanding compliance issues.