A sales manager with Wells Fargo Securities LLC has filed a lawsuit accusing the company of widespread gender discrimination, Financial Advisor reports. The suit was filed last week in California State Superior Court by Vanessa Carney, who has spent 16 years with the...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: March 2022
Former advisor to NFL player barred by FINRA following allegations of misconduct
A former financial advisor for UBS Wealth Management has been barred by the Financial Industry Regulatory Authority over allegations of misappropriating the assets of a former NFL player, reports Financial Advisor. FINRA took the action against Paul Ronald Koch of...
Bill prohibiting forced arbitration clauses introduced in the Senate
Legislation that would bar the use of forced arbitration clauses against consumers has been introduced in the U.S. Senate, Financial Advisor reports. The bill, titled the “Arbitration Fairness for Consumers Act”, was introduced by Sen. Sherrod Brown (D-Ohio) and Sen....
J.P. Morgan seeks to vacate $1.4 million FINRA defamation award for former advisor
J.P. Morgan Securities is taking legal action after losing an arbitration case against one of its former advisors who filed a defamation claim, reports AdvisorHub. On March 7, J.P. Morgan filed a motion in federal court in Kentucky asking that a Financial Industry...
Lawsuit accuses Edward Jones of discrimination in account distribution practices
Two financial advisors have filed a lawsuit accusing Edward D. Jones & Co. of discrimination in its account distribution practices, according to a report by AdvisorHub. The class action claim was filed last week in U.S. District Court in Missouri by a current...