Litigation

Stockholders had alleged “false and misleading” financial statements.

The impartial conduct standards have boosted clients’ chances, a longtime arbitrator says.

The advisor used the money on cars and gambling in the latest Ponzi-like scheme, investigators say.

The defendants profited more than $3 million by trading before and after mergers and acquisitions were announced, according to U.S. prosecutors.

Attorneys are preparing written objections to the settlement, which they may file in the next 15 to 30 days.

The SEC's June 2016 settlement with Merrill Lynch was one of its biggest cases of the year by dollar amount.

The broker persuaded clients to write checks payable to him, the regulator claims.

Experts say such cases are commonly filed by advisors yet difficult to win.

David Bahnsen told the president that that Milken’s prosecution was a result of “a period of class envy run amok.”

The Swiss wirehouse hit the founding partners of an $8 billion firm with a lawsuit.

The magnate's fallen empire included RCS Capital, the onetime parent of Cetera Financial Group.

The firm has collected more than $1.1 million in arbitration cases so far this year.

They seek a refund and damages after they said the firm directed them to its Thinkorswim website, according to a FINRA arbitration filing.

A FINRA arbitration panel dismissed the firm's claims but charged the broker more than $11,000.

The regulator accused the firm of collecting excess mutual fund fees by steering clients into more expensive share classes.

The new recruit joins after the regional firm paid $150 million to settle a lawsuit brought by an SEC receiver.

The broker’s written promise of 7% returns on a variable annuity made for a simple case, the lawyer for the claimant says.

The settlement is the third major regulatory payment the BD has incurred in the past year. A branch manager associated with the Jay Peak case has also left the firm.

The firm won a rejection of her $1 million claim, promissory note damages, legal fees and interest.

The family claims that the holdings in their trusts were overly concentrated in the shares of the once prominent publicly listed company that that went bankrupt in 2015.