Overconcentration Case Settled Against Major Brokerages

The Green Firm is pleased to announce settlement against two major global investment firms on behalf of a client who suffered overconcentration in their account. After taking over the case from another party, the firm increased the settlement value by nearly $25,000 over what was previously offered.

Responsible Attorney: Daniel Lipson, Esq 

Settlement for 150% of Net-Out-of-Pocket Losses

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