The Ninth Circuit revived a class action brought against Edward D. Jones & Co. by investors who claim the financial services firm breached its fiduciary duties under California and Missouri law when they moved their assets from commission-based to fee-based accounts.
Read moreThe National Community Reinvestment Coalition and the California Reinvestment Coalition’s suit against the Office of the Comptroller of Currency can continue, a federal court in California ruled. The coalitions claim the comptroller issued a final rule that “guts” the Community Reinvestment Act, which was passed to address systemic discrmination in the financial services provided to low and moderate-income communities.
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A St. Croix-based financial services and consulting company is facing a class action racketeering suit that claims it is using a North Dakota-based Indian tribe as a legal shield for a nationwide usury operation.
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Prime Minister Boris Johnson’s decisive victory in last week’s general election provided little comfort to Britain’s once world-beating financial services industry, which has been battered by Brexit for more than three years.
Read moreThe FTC accuses American Financial Support Services, Arete Financial Group dba Arete Financial Freedom and a slew of other business and their operators of preying upon student debtors in a $43 million advance-fee debt relief scam, in federal court.
Read moreA derivative action against online loan platform LendingClub Corp. alleging that the company’s board of directors breached its fiduciary duties was dismissed in Delaware Chancery Court after investors failed to prove that the board acted in bad faith after self-reporting misconduct to the Securities and Exchange Commission.
Read moreA federal class action accuses Facebook of age and sex discrimination, by excluding older female users of the social media site from receiving online ads for financial services.
Read more(CN) – A federal judge has again blocked brokerage Scottsdale Capital Advisors from suing the Financial Industry Regulatory Authority on claims that the regulator unfairly targets the penny-stock sector.
Read moreA federal judge in Washington approved a congressional subpoena of President Donald Trump’s financial records Monday, rejecting Trump’s claims the demand is an invasion of privacy.
Read moreBloomberg was slapped with a copyright infringement lawsuit Thursday by a competitor that claims the business news giant is “free-riding” by summarizing and re-publishing the competitor’s subscription-based material.
Read moreA federal class action claims Edward D. Jones & Co. agents boosted their income by millions of dollars by misleading unsophisticated investors into changing their commission-based accounts to a fee-based program.
Read moreA group of London’s financial lobbyists will head to Brussels on Wednesday for their first meeting with officials and stakeholders since Brexit talks began.
Read moreNBA legend Tim Duncan’s former financial adviser was sentenced Wednesday to 4 years in federal prison for cheating the San Antonio Spurs star out of millions of dollars.
Read moreFound sealed and bound in twine, a Russian criminal case file has shaken up a New York case that touches on the mob, political corruption and pricey real estate. A federal judge here agreed Tuesday that the evidence is crucial to the government’s $230 million forfeiture action.
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President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it’s eager to help.
Read moreBest-selling author Patricia Cornwell on Tuesday reached an undisclosed settlement nearly five years after accusing her former accounting company of financial mismanagement.
Read moreFormer New Jersey Gov. Jon Corzine will pay $5 million for his role in the spectacular financial collapse of MF Global, a derivatives broker he led before its 2011 bankruptcy.
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