$160,000 settlement for two neighbors who were exposed to excessive surrender fees and costs due to financial advisor’s repeated variable annuity exchanges.
$400,000 settlement from nationwide brokerage firm.
After the first day of a FINRA hearing, during which the defendant’s financial advisor underwent cross examination for several hours, nationwide brokerage firm settled our client’s claims for $400,000. Prior to beginning the hearing the defendant’s offered $0 to settle the case.
$75,000 settlement for our disabled client.
$75,000 for our disabled client for claims of over-concentration of equity investments in his individual retirement account (IRA).