FINRA Dispute Resolution Arbitration Number 12-04176
May 22, 2014OUTCOME: Client was awarded $703,421 as compensation.
In the Statement of Claim, Claimant asserted the following causes of action: unauthorized trading, churning, unsuitability and improper concentration of investments, breach of fiduciary duty, securitie ... s fraud, violation of Maryland securities laws, breach of contract, violation of FINRA rules, unjust enrichment, negligence, negligent supervision and respondeat superior. The causes of action relate to the alleged churning and unauthorized trading, sale and overconcentration of common stocks and mutual funds in Claimant's accounts.
