preferred stocks

FINRA Arbitration Claim Settled for 50% of Losses

Our firm is pleased to announce the settlement of a claim on behalf of our client whose broker placed her in an unsuitable portfolio of securities featuring overconcentration in preferred stocks in the financial and mortgage markets. Based on allegations made in our firm's Statement of Claim to the Financial Industry Regulatory Authority (FINRA), the brokerage firm settled the case for without answering for 50% of our client's losses (the norm is 25-30%).