A proposed class action lawsuit has been filed against the Vanguard Group over the alleged sharing of client data with third parties, according to ThinkAdvisor. Two Vanguard clients, Brian Felsen and Matthew Ragusano, filed the suit recently in U.S. District Court in...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Financial News
Many Gen Zers turning to social media for financial advice, survey finds
A new survey on where Americans get their financial advice finds a significant percentage of the Gen Z group are relying on social media, InvestmentNews reports. Gallup conducted a poll last month of 2,036 U.S. adults, in which respondents were asked whether they use...
Financial planners prepare for shift with women expected to control more wealth
A major shift will affect the financial industry in the coming years with women expected to exert greater control over the nation's wealth, Financial Advisor reports. This transformation was one of the main topics of a panel discussion at Financial Advisor magazine’s...
Department of Labor granted motion to pause fiduciary rule litigation
A federal judge has granted the Department of Labor's motion to pause two cases involving its 2024 fiduciary rule, according to Financial Advisor. The rule, approved under the Biden Administration, would expand the definition of fiduciary under the Employee Retirement...
Charles Schwab to charge advisors in network program an extra 5% for referrals
Charles Schwab announced that it is increasing fees for advisors participating in its Schwab Advisor Network referral program, reports FA Mag. The advisors will have to pay a 5% increase for client referrals from the firm’s retail branch offices. “As we have shared...
