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Robert S. Banks's Answers

Robert S. Banks
Portland Securities / Investment Fraud Attorney.
Contributor Level 1

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Attorney answers:

  1. Simon S. Kogan
  2. Patrick Walter Begos
  3. Robert S. Banks

Regarding mismanagement of securities

Asked by a user in New York, NY - about 3 years ago.

There are a number of recognized damages theories you can use in a FINRA securities arbitration. The most common is NOPs, or net out of pocket losses. It is measured by difference between the amount of your contributions to the account minus any dividends or interest payments received, minus any wthdrawals you made, minus the present value of the account. The losses do not have to be realized, but if you move the securities out of the account and to another brokerage, your damages will...

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