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.
Over a period of several years, a Morgan Stanley financial advisor who managed our client's family trust accounts allegedly repeatedly mislead our client into believing she was receiving the same discounted fee and commission arrangement as her family on her individual investment accounts.
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.