SBR Wins $160,000 FINRA Arbitration Award For Individual Investor Deceived By Broker
SBR Wins $160,000 FINRA Arbitration Award for Individual Investor Deceived By Broker
Representing an individual investor and his small business, SBR won a FINRA Award of $160,000 plus interest after a hearing held in July 2013. The recovery represents a large portion of the losses suffered by SBR's client. SBR's client alleged that a broker and his firm were responsible for fraud and various other misconduct, after the broker repeatedly assured SBR's client that various investments were safe and that the broker's other wealthy clients were making the same investments. Discovery proved, among other things, that the broker was simply lying about these other clients, in order to boost the confidence of SBR's client.