Carleen Bongat

Carleen Bongat contributes to InvestmentNews, focusing on US court cases involving wealth management, financial planning, and regulatory issues. She is a researcher at Key Media with a background in legal research and business communications. Outside of work, she enjoys running, yoga, and exploring single-origin specialty coffee.

 

Carleen Bongat
Displaying 29 results
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney
REGULATION, LEGAL & COMPLIANCE MAY 15, 2026
Federal judge dismisses Eltek manipulation lawsuit against Morgan Stanley Smith Barney

Nine-month electronic trading freeze and share lending program at the center of dismissed claim.

Judge rejects Sam Bankman-Fried's new trial bid in FTX fraud case
REGULATION, LEGAL & COMPLIANCE APR 30, 2026
Judge rejects Sam Bankman-Fried's new trial bid in FTX fraud case

The court cited a PR playbook Bankman-Fried wrote before he was even indicted

Ponzi trustee loses bid to reclaim fees rerouted to Dubai shell entity
REGULATION, LEGAL & COMPLIANCE APR 28, 2026
Ponzi trustee loses bid to reclaim fees rerouted to Dubai shell entity

The Dubai entity didn't even exist when the transfer happened – and the fund director is now dead

Court rules Merrill Lynch retention bonuses fall outside ERISA
PRACTICE MANAGEMENT APR 22, 2026
Court rules Merrill Lynch retention bonuses fall outside ERISA

The Fourth Circuit's six-factor test could reshape how employers design incentive plans

Delaware court greenlights lawsuit over Hatteras fund's disastrous $305M asset sale
ALTERNATIVES APR 01, 2026
Delaware court greenlights lawsuit over Hatteras fund's disastrous $305M asset sale

Investors lost 98%. The manager never stopped collecting fees.

Second Circuit shields Barclays from investor lawsuit over VXX reverse split
REGULATION, LEGAL & COMPLIANCE MAR 26, 2026
Second Circuit shields Barclays from investor lawsuit over VXX reverse split

Barclays issued unregistered notes for two years. Investors still lost in court

Second Circuit scraps $609M asset freeze on 777 Partners guarantors
REGULATION, LEGAL & COMPLIANCE MAR 24, 2026
Second Circuit scraps $609M asset freeze on 777 Partners guarantors

Alleged bogus collateral, an anonymous tip, and a $609M debt no one could pay.

Legal: Court slaps advisor with $765K for raiding client list on his way out
REGULATION, LEGAL & COMPLIANCE MAR 11, 2026
Legal: Court slaps advisor with $765K for raiding client list on his way out

His wife and mother-in-law helped mail the cards while his boss was in Europe.

REGULATION, LEGAL & COMPLIANCE MAR 03, 2026
Legal: Court refuses to toss SEC fraud case against Digital World SPAC chief

His filings said no deal. His own messages said otherwise.

Court says Goldman Sachs can't escape $4 billion EngageSmart deal lawsuit
REGULATION, LEGAL & COMPLIANCE MAR 02, 2026
Court says Goldman Sachs can't escape $4 billion EngageSmart deal lawsuit

A hidden $500M payment to the deal's controlling shareholder may change everything.