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Zeigon v First Republic - $870,631 TW Tax Advantaged Fund Award

In March 2012, a FINRA arbitration panel in San Francisco, CA ordered First Republic Securities to pay the Claimants $870,631 over the sale of a collateralized bond obligation (CBO) and the TW Tax Advantaged Fund LLC leveraged municipal bond arbitrage hedge fund. The panel dismissed claims on two of three CBOs based on FINRA's six-year eligibility rule and awarded the Claimant's 75% of the remaining out-of-pocket losses. Mr. Meyer testified about compliance and sales practices on behalf of the Claimants. Dr. McCann testified about the investments on behalf of the Claimants.

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Craig J. McCann
Principal703.246.9381
Paul F. Meyer
Principal310.917.1075