Christopher Tanner Vernon's Legal Cases (5)

Securities and investment fraud

Precedent-setting Supreme Court of Florida

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OUTCOME: See description

A precedent-setting favorable ruling before the Florida Supreme Court in which Mr. Vernon helped clear a legal hurdle for investors who want to pursue their claims in court versus the mandatory arbitra ... tion system required by most brokerage firms. The Florida Supreme Court ruled in favor of Mr. Vernon’s client. Wall Street’s requirement that aggrieved investors pursue claims in mandatory arbitration versus court is now the subject of congressional hearings.

Securities and investment fraud

Maricopa Hedge Fund Scheme

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OUTCOME: See description

Successful representation of investors swindled in the Maricopa hedge fund scheme in which investors around the country lost close to $60 million. The architect of the scheme, David Mobley, was later c ... onvicted of federal fraud and money laundering charges and sentenced to serve 17 years in federal prison.

Securities and investment fraud

Securities Arbitration

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OUTCOME: $375,000 Arbitration Award

Successful representation of investor losses due to account related negligence; unsuitability; breach of fiduciary duty; omission and misrepresentation of material facts; existence and fostering of egr ... egious conflicts of interest; negligent supervision; fraud; market manipulation; excessive trading; churning; and, unauthorized trading.

Securities and investment fraud

Arbitration Award

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OUTCOME: $2.66 Million

Case in which he secured a $2.66 million arbitration award against one of the World’s largest financial institutions on behalf of a Florida retiree. Press coverage recognized the award as one of the to ... p 20 largest awards in the history of securities arbitration in Florida. Later, the failure of the industry to note the $2.66 million award on the offending broker’s public report card, or CRD, was cited by the press as a glaring loophole in the regulatory disclosure system that’s supposed to alert investors to black marks in a broker’s background. The Financial Industry Regulatory Authority has since proposed closing the loophole.

Securities and investment fraud

Arbitration Award

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OUTCOME: $472,000 Arbitration Award

A case in which the investor suffered losses due to account-related negligence; breach of fiduciary duty; and omission and misrepresentation of material facts. The award included $231,000 in punitive ... damages against the brokerage firm.

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