FINRA DR No. 09-04321
Unanimous Award for $400,000 for Michigan investors for losses incurred due to the failure of the brokerage firm to supervise its broker.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
Settlement for $395,000 for a brokerage customer whose account was excessively traded by his stock broker.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
Settlement of $390,000 for an investor whose brokerage account was excessively traded.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
Settlement for $375,000 for a disabled individual whose account was mismanaged.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 04-00479
Unanimous Award for $375,711 for customers of Stifel Nicolaus whose broker invested the brokerage accounts in speculative securities and leveraged the accounts on margin. The award included additional relief in the form of attorneys’ fees and punitive damages.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 10-04321
Unanimous Award for $354,582 against a major brokerage firm for unsuitable investments and excessive trading to generate commissions and fees.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
Settlement on behalf of Madison County, Illinois against the brokerage firm Sterne, Agee & Leach for $340,000. The case involved the brokerage firm charging the County Treasurer’s Office excessive commissions relating to bond purchases.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
Settlement of $312,149 for losses incurred because the broker recommended a large variable annuity to a retired investor for the purposes of generating large fees.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 08-04418
Unanimous Award of $309,865 for an Arizona retiree whose brokerage account was excessively traded on margin. The award included disgorgement of commissions as well as attorneys’ fees.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 11-03025
Unanimous Award for $290,279 for a Pennsylvania retired couple whose brokerage account was invested unsuitably and which was excessively traded.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
