The Green Firm is pleased to announce settlement of a FINRA claim against a major brokerage firm through mediation for 150% of our client's net-out-of-pocket losses. Our client's account was severely overconcentrated in a single bank stock shortly before the arrival of the 2008-2009 financial crisis. The brokerage and its broker failed to supervise our client's account according to their own internal policies and procedures; and failed to heed internal research reports that downgraded the bank stock from its historically stable risk rating to "high" and "speculative."
Responsible Attorneys: Adam Green, Esq & Daniel Lipson, Esq