An unsupervised PCNI financial advisor allegedly perpetrated an ongoing fraud on his wealthy but unsophisticated 80 year-old client by inappropriately recommending more than $22 million in 17 annuity products, earning himself and his brokerage approximately $1 million in ill-gotten commissions.
Retired School Teacher Lost $50,000 in Excess Brokerage Fees
8x the original settlement offer in just 4 short days
The Green Firm, in a case spearheaded by Mr. Daniel Lipson, successfully negotiated settlement against a national brokerage firm after being retained by our client only one week prior to the scheduled date of FINRA arbitration. Our client had been previously represented by a non-attorney recovery service. Hoping to increase the settlement offer before his final arbitration hearing, our client engaged The Green Firm. After only 4 days on the case, Mr. Lipson persuaded the defendant brokerage firm to increase its offer by more than 8 times the original amount. Settlement was concluded directly.