The family of a 20-year-old stock trader who committed suicide sued the broker Robinhood for his death, citing its “misleading communications” that caused their son to panic over what he wrongly believed were huge market losses, according to a lawsuit. …
Bankruptcy law’s “safe harbor,” which prevents customers of defunct brokerages from being sued, applies even when the broker was engaged in fraud and violated multiple securities laws, the U.S. Court of Appeals in Chicago ruled. The 31-page opinion by U.S. …
A U.S. federal appeals court on Friday threw out a class action lawsuit against JPMorgan Chase & Co., making it easier for companies that clear trades to avoid being accountable to investors who are defrauded by their brokerages. The 2nd …
U.S. securities arbitrators ordered Deutsche Bank Securities Inc. to pay a couple and their trusts a total of $934,000 after a onetime adviser allegedly swindled them in a multimillion-dollar insurance deal. The ex-adviser, Karl Hahn, is equally responsible for the …
