Litigation

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.

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.