Displaying 95 results
In first, B-D that sold GPB private placements loses arbitration
The first investor arbitration claims involving the products have been decided over the past few months, but the claim against Arete Wealth Management appears to be the first substantial win for investors against a broker-dealer.
Boeing reprieved in 401(k) stock-drop case
A judge this week dismissed claims the company breached its fiduciary duty to plan participants by failing to disclose safety issues with its 737 Max model
Unregistered broker claiming to ‘invest like the big boys’ sued for fraud
Dean Vagnozzi primed the airwaves with advertisements. Now his clients are seeking damages
Broker-dealer sues Finra in latest salvo against regulators
Utah-based Alpine Securities claims Finra violated "due process" in hearings
Amway’s 401(k) at center of lawsuit
The multi-level marketing company's plan had allegedly excessive fees, according to the complaint
Northern Trust target dates called out in two 401(k) lawsuits
The similar cases, against Allstate and Northern Trust, were also brought by the same law firms
Former Wells Fargo manager alleges age, race, disability bias
A 65-year-old Black executive in the bank's wealth and investment management arm filed a complaint after losing his job while on medical leave for cancer
Fiduciary insurance costs soar amid new 401(k) litigation
It is arguably a scary time to be a retirement plan sponsor, and many might forgo liability coverage
MGM Resorts, Duke Energy face 401(k) lawsuits
The cases are the latest in a busy year for ERISA litigation
Precious metals dealers charged in $185 million elder fraud scheme
The unregistered advisers allegedly convinced retirees to put savings into overpriced gold and silver bullion
Ex-Voya broker allegedly flees country after facing dozens of complaints
As his clients sue, former rep James Flynn is reportedly in the Caribbean
Sutter Health hit with second lawsuit over $3.7 billion DC plan
The class-action cases point to allegedly excessive investment management fees
Closed B-D means more unpaid investor claims
Capital Financial Services is shutting down, leaving clients on the hook
Latest 401(k) lawsuit filed in an avalanche of COVID-19 litigation
The law firm Capozzi Adler has brought numerous cases this year on behalf of plan participants
Envestnet hit with data security lawsuit
The complaint claims Yodlee’s distribution of client data caused thousands of dollars in economic losses to each individual involved
GPB problems come home to roost for advisers
Investors take aim at an adviser, who sold GPB products, in numerous Finra arbitration claims
Securities class-action suits declined in first half
‘Core’ suits, which don’t involve M&A, totaled 117
Purshe Kaplan Sterling in another million-dollar arbitration settlement
Payment linked to adviser who committed suicide in 2017
Biogen faces class action over 401(k) fees
The company is among the latest targeted in a wave of ERISA litigation this year
401(k) arbitration agreements still not mandatory
Sponsors have interest in adding them to their retirement plan documents, but the courts are up in the air, lawyers said
