At the latest NAPA Summit, a session led by Tom Kmak, the well-respected Founder and CEO…
Tag: Litigation
Appeals courts deals Morgan Stanley blow over comp
Morgan Stanley has suffered a rebuke in its attempt to have a court of appeals overturn…
Impact of House NCAA settlement on financial planning
Financial advisors’ business case for working with college athletes picked up a multibillion-dollar infusion last month…
UBS asks court to quash $1M arb award
UBS is going to court to try to overturn a $1 million arbitration penalty it was…
Wells Fargo fails to claw back recruiting loan
When Robert Lansing Padgett found he wasn’t generating enough money to pay off a recruiting loan…
Senate Adds Litigation Funding Levy to Its Tax Bill
Senate Republicans, in an effort that could significantly restrict funding for civil litigation, added a stiff…
Edward Jones hits ex-broker with big arb award
In the latest legal action from a firm not content to watch its client information walk…
JPMorgan seeks restraining order for advisor at Wells Fargo
For the second time in a week, JPMorgan is suing a former advisor for alleged violations…
Weighing the chances of RIA arbitration reform
Investor advocates are cheering an attempt to place stricter limits on how RIAs can use arbitration…
LPL, Edward Jones, others to pay $9M-plus for overcharges
LPL Financial, Edward Jones, RBC, Stifel and TD Ameritrade are paying up to settle allegations they…
JPMorgan sues ex-advisor now at Morgan Stanley
JPMorgan is taking a Morgan Stanley financial advisor to court over allegations that she has inappropriately…
FINRA panel fines U.S. Capital Wealth for investment advice
A hybrid wealth management firm acquired by Arax Investment Partners last year owes a client at…
UBS fined for broker’s firing
UBS is on the hook for $1 million after a FINRA arbitration panel found it wrongfully…
PIABA decries new FINRA arbitrator criteria
Investor advocates are up in arms about a FINRA rule change they contend could prevent aggrieved…
How departing financial advisors can avoid lawsuits
This story is the third in a series Financial Planning Chief Correspondent Tobias Salinger is writing…
Supreme Court OKs FINRA’s pursuit of Alpine case
The Supreme Court let the Financial Industry Regulatory Authority proceed with disciplinary proceedings against the embattled…
Judge sentences advisor who sold to WEG in fraud case
A disgraced investment advisor who sold her practice to Wealth Enhancement Group before becoming the subject…
Stifel challenges $133M award, claiming arbitrator bias
Stifel is asking a court to toss out a nearly $133 million arbitration penalty, alleging that…
FINRA to reopen supervision plans in WhatsApp cases
FINRA is looking to lighten the supervision burden on nearly 80 firms that reached settlements before…
LPL Financial drops suit accusing Ameprise of defamation
LPL Financial is dropping a defamation suit it filed nearly two months ago against Ameriprise over…
Ex-Schwab advisor sues over age, sex discrimination
An ex-Charles Schwab advisor is suing her former employer over alleged age and sex discrimination and…