Displaying 95 results
Morgan Stanley loses appeal of $3.3 million Finra arbitration
The wirehouse sought to toss a large award it lost to investors who owned Puerto Rican bonds
Court denies Raymond James’ motion to vacate $1.8 million arbitration award
Efforts to upend arbitration decisions were criticized by claimants' attorneys
Fidelity liable for some 401(k) claims: Court
The company failed to monitor plan fiduciaries' handling of investment and record-keeping fees, the judge wrote
Robinhood accused of offering customers credits to squelch suits
Attorneys for users suing the company asked a judge to order Robinhood to stop sending 'misleading communications'
Northwestern University wins appeal in 403(b) case
The lawsuit had charged university representatives with failing to negotiate a better deal for the participants in its retirement plan
SEC charges 3 advisory firm employees with concealing fraud
The commission claims the trio abetted a Ponzi scheme at VisionQuest Wealth Management in North Carolina
Legal woes mount for Advisor Group broker-dealer that sold GPB funds
Triad Advisors reported three new investor claims related to the sale of the private placements
Judge pulls plug on CenturyLink 401(k) lawsuit
The court granted summary judgment for the telecommunications firm, finding that its $5 billion plan did not violate federal law
John Hancock sued over ‘self-dealing’ in 401(k) plan products
The financial services firm is the latest to be targeted for including proprietary products in its retirement plan
Oracle to pay $12 million to settle 401(k) lawsuit
The company allegedly breached its fiduciary duty, in part by selecting funds that allegedly made excessive revenue-sharing payments to Fidelity
Lawsuit questions Finra’s ability to bar brokers
The argument hinges on whether a lifetime sanction is a punitive or remedial punishment
PNC Bank accused of hiding evidence of wealth manager’s assault
The bank produced video of a man following an adviser to her car. Key footage is allegedly absent
Intel 401(k) ruling could bolster some class actions
The Supreme Court decision makes it harder for fiduciaries to cite a three-year window to have ERISA claims dismissed
Workers win at Supreme Court on 401(k) suit deadlines
Court rules in a lawsuit filed against Intel that companies can't assume employees read the emails they're sent with details about plan investments
Ohio National settles with Kestra over VA commissions
The insurer faces one less lawsuit over its termination of trail compensation
Wells Fargo owes $103 million in second mobile banking case vs. USAA
Jury found Wells Fargo infringed on USAA patents, similar to findings in a November verdict
Security Benefit indexed annuity fraud lawsuit may signal trouble for other insurers
Lawsuit alleges the company deceptively marketed indexed annuities with proprietary indices to consumers.
Trump administration wants to kill California’s auto-IRA program
The administration argued in a court filing that auto-IRAs are preempted by federal retirement law
3 lessons for advisers from 401(k) and 403(b) class-action settlements
Retirement plan advisers need to discuss record-keeping pricing, investment vehicles and the use of participant data with clients
National Holdings facing lawsuit for allegedly retaliating against whistleblower
Chief compliance officer claims she was fired for investigating insider trading by the company's chief executive
