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Beard v Citigroup - $336,000 ASTA Five Award

In December 2010, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Claimants $336,000 including $31,629 in fees and costs over the sale of Citigroup's ASTA Five leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and misrepresented ASTA Five. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann
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