FINRA DR No. 09-05253
Unanimous Award for $280,683 for an elderly customer who was invested in a fraudulent security. The award was against the brokerage firm for failure to supervise.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 17-03513
Recovered losses for two retirees concentrated in alternative investments. The Panel agreed that the investments were unsuitable for the clients and awarded them their losses on these products. Oakes and Fosher argued that the clients should also receive an award of the contingency legal fees that they were going to pay on the award. The Panel agreed and also awarded attorneys fees and costs.
View AwardDisclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 13-02460
Unanimous Award for customer whose account had been excessively traded. Even though the account was profitable, the Panel awarded $235,000 in damages based on the difference between 1) what the customer should have had if the account was handled properly and 2) how the account actually fared. The Panel also awarded the investor attorneys’ fees and costs.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
FINRA DR No. 11-00620.
Unanimous Award of $215,182 for a Virginia investor for losses incurred due to the broker’s failure to follow customers’ directives about investment objectives.
Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
