This is the 18th installment in a Financial Planning series by Chief Correspondent Tobias Salinger on…
Tag: Litigation
JPMorgan sues ex private client advisors over solicitation
For the third time in three months, JPMorgan is suing one of its former branch-based advisors…
Coinbase Files Litigation, Demands Texts From Former SEC Officials
Coinbase is escalating its dispute with US regulators over past communications involving former Securities and Exchange…
Raymond James sues to retrieve dead advisor’s laptop
Raymond James is taking the widower of one of its former advisors to court for not…
DOL takes Morgan Stanley’s side on advisor deferred comp
The Department of Labor has weighed in on Morgan Stanley’s side in a dispute over whether…
How new RIAs should shop for E&O insurance
This is the 16th installment in a Financial Planning series by Chief Correspondent Tobias Salinger on…
Vanguard reaches $19.5M SEC settlement
Vanguard Advisers encouraged advisers to enroll customers in personal financial services without properly disclosing employees’ financial…
Citi’s Sieg takes to the airwaves in his own defense
Citi wealth head Andy Sieg took to the airwaves to deny accusations of workplace mistreatment; industry…
Deferred comp fight hits claims of advisor double-dipping
In big firms’ fight to avoid paying deferred compensation to advisors who jump to rivals, much…
JPMorgan in court again over not stopping fraud
JPMorgan is again being hauled in court over allegations that it didn’t do enough to prevent…
JPMorgan must go before arb panel for fraud case
JPMorgan has lost an attempt to stop an 85-year-old widow from pursuing claims in arbitration that…
Advisors appeal judge’s order in Ameriprise-LPL dispute
A recruiting dispute between LPL Financial and Ameriprise is moving into appellate court as advisors formally…
Morgan Stanley wins a deferred comp case; JPMorgan loses
A pair of FINRA arbitration rulings on Morgan Stanley’s and JPMorgan’s deferred compensation policies shows there’s…
Has ERISA Litigation Been Helpful or Harmful?
At the latest NAPA Summit, a session led by Tom Kmak, the well-respected Founder and CEO…
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…