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Displaying 6 out of 6 results

Bauer v Raymond James Annuity - $453,210 Award

In October 2005, an NASD arbitration panel in Philadelphia, PA order Raymond James to pay a Claimant $151,070 in out of pocket losses plus $302,140 in punitive damages - plus attorneys' fees, expert witness fees and prejudgment interest over the sale of Equitable and Manulife variable annuities.

AG Edwards Exercise and Hold - $931,000 Award

In May 2005, a Pacific Stock Exchange arbitration panel in San Francisco, CA ordered AG Edwards to pay four Claimants $931,000 plus plus costs over the unsuitable recommendation to exercise employee stock options on margin and to hold the aquired Cisco Systems and JDS Uniphase stock for one year to achieve long-term capital gains tax treatment.

Desrosiers v Robert W. Baird, Inc. - Account Mismanagement $400,000 Award

In April 2005 an NASD Arbitration panel in Tampa, FL ordered Baird to pay Ms. Desrosiers compensatory damages of $400,000 plus interest. Dr. O'Neal testified that the risk of the portfolio was inappropriate for Ms. Desrosiers and that Baird disregarded its own published materials on the importance of asset allocation and understanding risk.

Salomon Smith Barney Exercise & Hold Case - $2.5 Million Award

In March 2005, an NASD arbitration panel in Washington, DC awarded a Claimant $2.5 Million including $500,000 in punitive damages arising out of claims against Salomon Smith Barney over the exercise of non-qualified employee stock options by a former MCI Worldcom employee.

Cox v Bush - $630,000 Asset Allocation Award

In January 2005, an NASD arbitration panel in Washington, DC ordered J. Bush & Co. to pay Claimants $630,000 in damages. Claimant alleged J. Bush & Co. invested their retirement assets in an unsuitably risky manner. Dr. McCann testified on behalf of the Claimants.

Salomon Smith Barney, Spartis & Elias Exercise & Hold Case - $448,000 Award

In January 2005, an NASD arbitration panel in Lexington, KY awarded a Claimant $448,000 arising out of claims against Salomon Smith Barney, Philip Spartis and Amy Elias over the exercise of non-qualified employee stock options by a Worldcom employee.

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