Required Disclaimer: Case results depend upon a variety of factors unique to each case and do not guarantee or predict a similar result in any future case undertaken by this firm.
In this case taken pro bonoby Greco & Greco, the FINRA arbitrator awarded the full amount of compensatory damages and interest requested based on claims of negligence, breach of fiduciary duty, and unsuitable recommendations. The arbitrator found that the brokerage firm "failed to recommend suitable investments based on [Claimant's] request, age, needs, income status, and need for security." The firm had ignored Claimant's request for safer investments as her IRA declined with the market in 2008. Read the FINRA award.