Tagged with "lawsuit"

Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

Posted on November 19th, 2018 at 9:49 AM
Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

In an unprecedented move, Ohio National Life Insurance Company (Ohio National) announced that starting mid-December the company will be terminating its selling agreements with brokerage firms and ceasing payments on all brokers’ trail commissions on variable annuity sales.

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Former Robert W. Baird Recruiter Files Lawsuit Against Firm

Posted on October 18th, 2018 at 2:08 PM
Former Robert W. Baird Recruiter Files Lawsuit Against Firm

A former Robert W. Baird recruiter has filed a lawsuit in Colorado state court against his former firm for failing to pay him commissions, discriminatory and unfair employment practices, and breach of the covenant of good faith and fair dealing.

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Former NBA Superstar Kevin Garnett Files Lawsuit Against Accountant for Helping Financial Advisor Steal $77 Million

Posted on September 27th, 2018 at 4:18 PM
Former NBA Superstar Kevin Garnett Files Lawsuit Against Accountant for Helping Financial Advisor Steal $77 Million

Former NBA champion, Kevin Garnett is suing his former accountant, Michael Wertheim and his firm, Welenken CPAs, claiming that he helped financial advisor, Charles A. Banks IV steal $77 million from him.

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Morgan Stanley Files Lawsuit Against a Team of Financial Advisers

Posted on September 21st, 2018 at 4:26 PM
Morgan Stanley Files Lawsuit Against a Team of Financial Advisers

Morgan Stanley has filed a lawsuit in Illinois federal court against six financial advisers who previously managed $660 million for the firm and left this month to join Stifel Nicolaus & Co.

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LATEST NEWS AND ARTICLES

April 25, 2024
B. Riley Financial Clears Air Amid Allegations, Stock Surges

Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.

April 24, 2024
RIA Insurance Claims Skyrocket

A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.