Litigation

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.

Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.

The former Barclays broker still owes more than $460,000, a FINRA arbitration panel ruled.

A FINRA arbitration panel decided that an amendment to the adviser’s bonus loan is “unenforceable.”

A federal judge ruled that the ex-Barclays advisor had been unfairly forced into FINRA arbitration, where a panel had ruled against him.

A new rule addresses double jeopardy, but doesn’t apply in older cases.

A planner's lawsuit claims the bank improperly funneled $3 billion into its own target-date funds.

Planners and brokers alike must revisit their policies and procedures, caution legal and compliance experts. Here’s where to start.