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Northern Trust Faces $35 Million Elder Abuse Lawsuit Over Alleged Trust Theft

March 10th, 2026 at 10:48 AM
Northern Trust faces a lawsuit seeking at least $35 million in damages over allegations that its former vice president stole millions from a $20 million legacy trust belonging to an elderly beneficiary, according to ThinkAdvisor.
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SEC Alerts Investors as to the Relationship Investment Scam

March 9th, 2026 at 1:04 PM
The Securities and Exchange Commission (SEC) has alerted investors that fraudsters increasingly rely on relationship-based investment schemes to steal money.
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Modern Fraud Schemes Escalate in Scale and Sophistication

March 4th, 2026 at 12:37 PM
A recent panel discussion at the Financial Services Institute OneVoice conference in San Diego highlighted how rapidly evolving fraud schemes continue to victimize both retail and wealthy investors.
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FINRA Suspends Former Stifel Broker Over Costly Account Switching Trades

March 3rd, 2026 at 2:00 PM
The Financial Industry Regulatory Authority (FINRA) suspended a former Stifel, Nicolaus & Co.
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FINRA Suspends Cetera Broker for Accepting $50,000 Client Bequest Without Firm Approval

March 2nd, 2026 at 2:01 PM
The Financial Industry Regulatory Authority (FINRA) imposed a $10,000 fine and a seven-month suspension on an independent broker for accepting a $50,000 bequest from a client without obtaining prior firm approval.
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Eighth Circuit Rejects Emergency Injunction in Advisor Departure Dispute

February 27th, 2026 at 12:21 PM
A federal appeals court ruled against an advisory firm seeking immediate, injunctive relief after a team of advisors left with hundreds of millions in client assets.
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FINRA Bars Former Cambridge Advisor After Refusal to Cooperate With Communications Probe

February 26th, 2026 at 3:35 PM
A former advisor affiliated with Cambridge Investment Research has been barred from the securities industry after declining to comply with a regulatory investigation, according to the Financial Industry Regulatory Authority (FINRA).
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Advisors Increase Crypto Allocations as Merrill Lynch Warns of Significant Risks

February 25th, 2026 at 10:57 AM
Financial advisors are placing more client assets into digital currencies, even as major firms caution investors about the asset class's volatility and speculative nature.
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Merrill Lynch Highlights AI Risks as FINRA Urges Greater Oversight of Emerging Technology

February 24th, 2026 at 1:57 PM
Merrill Lynch has warned that the expanded use of artificial intelligence and machine learning introduces material operational, compliance, and cybersecurity risks for advisory firms.
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Drive Planning Founder Pleads Guilty to $380 Million Ponzi Scheme

February 23rd, 2026 at 2:01 PM
Todd Burkhalter, founder and chief executive officer of Drive Planning LLC, has pleaded guilty to wire fraud after admitting he orchestrated a $380 million Ponzi scheme that defrauded more than 2,000 investors.
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LATEST NEWS AND ARTICLES

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SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

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Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.

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Schwab Imposes New Limits on Tax-Aware Long-Short Investment Strategies

Charles Schwab Corp.