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Lanfear v Global Crown Capital - $1,688,000 Award

In July 2009, a FINRA arbitration panel in San Francisco, CA ordered Global Crown Capital and its principal to pay the Claimant $1,688,000. The award was made after a hearing wherein the Claimant alleged that Global Crown churned Claimant's securities accounts and a sham hedge fund offered as Cogent Hedge Fund in which the Claimant was the primary investor. Dr. McCann testified on behalf of the Claimant that the securities accounts and the hedge fund was churned and that the Claimant thereby suffered at least $1.7 million in damages.

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Craig J. McCann
Principal703.246.9381