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

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%).