Insurer Needn't Cover $3.3M Securities Scam Settlements

By Hope Patti ( September 23, 2025, 6:54 PM EDT) -- An insurer for a securities broker-dealer does not owe coverage for $3.3 million the company paid to settle claims that an employee defrauded clients, a New York federal court ruled Tuesday, finding that the settlements are not a direct loss covered under the company's policy....

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