We have represented investors from across the country against large and small broker-dealers seeking and recovering many millions of dollars for broker malfeasance. The below is a sampling of recent and representative cases we have handled. The following cases are merely examples and our prior performance does not guarantee any future result.
Won a $1 million FINRA arbitration award on behalf of a New Mexico resident who alleged that his account was churned by his brokerage firm. The award also included interest and attorneys’ fees under the New Mexico Securities Act. A copy of the award can be accessed here.
Successful in negotiating settlements of over $5 million on behalf of groups of investors in syndicated tenant-in-common investments. The investors were situated in various parts of the country and the cases involved multiple brokerage firms.
Won a FINRA arbitration award for over $523,000 on behalf of a Tampa, Florida based trust. The case involved the purchase of a non-traded real estate investment. A copy of the award can be accessed here.
Secured a $3 million settlement for a group of California clients. The case involved the unsuitable holding of “daily” ETFs for periods of longer than one day.
Won a FINRA arbitration award for $1,073,440 in Salt Lake City, Utah. The case involved the misrepresentation of a variable annuity and the award included $536,720 in punitive damages. A copy of the award can be accessed here.
Negotiated a seven-figure settlement on behalf of a Denver, Colorado family that was invested in speculative and illiquid real estate securities.
Successfully negotiated settlements on behalf of clients in Hawaii, California and Texas whose financial advisors made unauthorized purchased of municipal bonds issued by Puerto Rico.
Won over $97,000 on behalf of a New Jersey resident who alleged account losses as a result of unsuitable investment recommendations. A copy of the award can be accessed here.
Negotiated a settlement of over $500,000 on behalf of a New York client based on allegations of selling away, overconcentration and unsuitability.
Settled FINRA arbitration claim for $475,000 on behalf of a group of investors related to private placements in start-up venture capital companies. The clients alleged that the brokerage firm misrepresented the investments and failed to conduct even basic due diligence on the companies before recommending the investments to clients.
Successful in negotiating a six-figure FINRA settlement on behalf of a North Carolina family. The case involved allegations that the brokerage firm failed to conduct due diligence on the private investments that were sold to the family over a ten-year time period.
Won a FINRA arbitration on behalf of a Philadelphia, Pennsylvania small business owner who alleged churning in his brokerage account. A copy of the award can be accessed here.
Secured large FINRA settlement for an elderly man from Washington in an arbitration seeking over $2.5 million in damages against national broker-dealer for allegations of front-running, churning, fraud, cross- trading with other customer accounts and failure to supervise in connection with the sale of multiple penny stocks.
Successfully negotiated a settlement on behalf of a 93 year old widow from Indiana against a national broker-dealer in connection with unsuitable investments. The case involved the over concentration of her portfolio in highly speculative securities.
Negotiated a six-figure settlement on behalf of elderly Delaware residents. The case involved mutual fund switching and excessive “mark-ups” of securities.
Secured settlements for European clients whose securities accounts were churned by a New York based broker-dealer.