The lawsuit maintains the firm broke the law when it denied the advisor his deferred compensation when he resigned.
Landau Wealth Partners is led by longtime Morgan Stanley advisors Adam Landau and Ramy Georgy.
Other industry opponents to the new fiduciary requirements have hinted they will mount their own legal challenges.
The trust company accused the advisors of departing and subsequently stealing its clients.
The competition for ETF research platforms catering to RIAs is heating up.
Eddy Blizzard stole $1.4 million from the late client, causing him to lose his house.
Thomas Chadwick sold mom-and-pop investors highly leveraged notes that became worthless during the pandemic, state regulators said.
She alleges the firm coerced her into quitting her job after her illness.
Some of Surage Perera's victims lost their life savings or had to delay their retirements, prosecutors said.
A federal court is being asked to decide who should arbitrate the company's non-compete complaint against the former rep.
Timothy Heisterkamp and Max Neese operate Journey Financial in Jefferson, Iowa.
Craig Allen of Atlanta used his hedge fund to scam investors of more than $7 million, prosecutors said.
The transaction was negotiated over the last several months.
The firm must pay fines and restitution for violations on trade confirmations and customer credit.
LPL's recruitment of Dallas-based Strategic Wealth comes ahead of Lincoln's purchase by Osaic.
Dusty Sternadel tricked her mostly elderly clients into cutting checks that she deposited into her personal accounts.
The bank warned employees that trips to this year's Olympic city will be closely monitored.
Unlike advisors, many broker and agents will be contending with fiduciary responsibilities for the first time.
The new rule could allow exiting advisors to actively recruit clients. IAA says it goes too far.
The IRS said he failed to account for $2.5 million in money shuffled in overseas accounts.