Texas’ highest court says shareholders can’t sue fund advisors directly – claims must go through the trust, not individual lawsuits.
A federal court has affirmed prison time for a Puerto Rico promoter who ran a multimillion-dollar Ponzi scheme targeting investors.
Suit alleges founders withdrew millions while 340,000 investors lost access to crypto assets.
The SEC accused Joshua Goltry of defrauding investors of at least $3 million as he brazenly misrepresented past performance and fabricated account statements, among other misdeeds.
Wyoming fund claims Illinois operator sold unregistered securities with fabricated financials for Wisconsin facilities.
Lawsuit alleges Thomas McDonough and TJM Capital promised debt-free distributions, then secretly tied investor funds to loans for another business.
A banned advisor ran a financial firm and pocketed millions. The court just handed down a tough sentence.
Mineral venture promised mining fortunes and 120% returns. Investors now allege nothing was real.
The CFTC alleges Brian Mitchell guaranteed investors 6-10% monthly returns while barred from the industry.
After a multi-state court fight and allegations he was "phased out of work" for younger advisors, Glenn Frank and Hightower told an Illinois federal judge they’ve reached the framework of a settlement.
The father-son duo, including a US Navy veteran with more than three decades of industry experience, is joining RayJay's independent advisor unit in Virginia.
The world's largest asset manager, which manages three of the city's pension funds, is on thin ice after allegedly falling short in its climate engagement efforts.
The Labor Department's decision to abandon the Retirement Security Rule likely ends years of litigation, signaling a pivot away from expanded protections for retirement rollovers.
Conference Board index sinks in November, signaling growing anxiety over jobs, prices, and politics.
Deal reflects trend towards tighter focus on advisor expansion rather than burden of IBD model
Lack of awareness among departing employees has left $28 billion in retirement savings languishing in safe-harbor IRAs, suggests a new survey.
Edelman claims a departing advisor emailed clients about the RIA's “fourth CEO transition in seven years” to sway them toward Prime Capital as part of an alleged poaching strategy that continues today.
M Holdings' failure to maintain written policies led to a third-party breach that compromised multiple email accounts and impacted 8.500 individuals, according to the regulator.
A.G. Morgan Financial Advisors and two executives recently lost four FINRA arbitration cases brought by their clients.
Women in the US are facing greater financial and career pressures compared to their male peers, according to two new surveys.
