Litigation

The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.

Howard Price III used the funds to make purchases at clubs, bars and restaurants, say regulators.

With the federal government standing down, attorneys general from California, New York and Oregon make a late appeal to save the rule.

Kwame Brown has played for teams such as the Los Angeles Lakers and Washington Wizards.

Former advisor Paul Marshall's prison term "will be little solace to the dozen victims who lost their life savings due to his greed and callous concern for their well-being,” the FBI says.

The firm says former employee John Lockette agreed to have disputes heard in a private forum when he did not take advantage of an opt-out provision.

Clients thought they were investing in real estate developments that would be flipped for profit.

Overall, the advisor defrauded at least nine clients out of $1 million, which he used to pay for tuition and mortgage payments, federal prosecutors say.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

A company’s refusal to hire a candidate because their work authorization papers will ultimately expire “may constitute illegal discrimination,” according to the Department of Homeland Security.

Former CEO Mark Casady disclosed in arbitration testimony what led to the firing that resulted in a $30 million claim against the firm.

The advisor, a former employee, has been soliciting more than two dozen clients at the bank, JPMorgan says.

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.