JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback April 15, 2024 By Tom Schoenberg The family of an elderly JPMorgan Chase & Co. client who lost tens of millions of dollars on investments as...
Robinhood Settles Massachusetts Regulators’ Trading Case for $7.5 Million January 19, 2024 By Nate Raymond Online brokerage Robinhood on Thursday agreed to pay a $7.5 million fine and overhaul its practices to resolve allegations by...
Going to Court Over Losses When Robot Is to Blame May 7, 2019 By Thomas Beardsworth and Nishant Kumar Robots are getting more humanoid every day, but they still can’t be sued. So a Hong Kong tycoon is doing...
Federal Appeals Court Sides with Financial Firms, Voids Obama Fiduciary Rule March 15, 2018 By Jonathan Stempel A federal appeals court on Thursday voided the U.S. Department of Labor’s “fiduciary rule,” which had been adopted in 2016...
JPMorgan Not Liable to Madoff Customers, Court Rules April 27, 2017 By Jonathan Stempel JPMorgan Chase & Co. is not liable to a group of former customers of Bernard Madoff who blamed the bank...
Wall Street Brokers Claim Fiduciary Rule Is Violation of Their Free Speech Rights November 23, 2016 A group of lawyers representing insurance and securities brokerages have made a curious argument for why a federal court should...
Judge Allows NFL Player’s Fraud Claims Against BofA to Proceed November 24, 2015 By Edvard Pettersson National Football League player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in...
Zurich Upgrades Coverage for Asset Managers as Regulatory Risk Grows August 13, 2015 Zurich North America has revised its liability policy for investment advisers, mutual fund and hedge fund managers. Zurich says it...