Results

Our research and testimony frequently result in awards, decisions and orders. See what our experts have been working on.

Displaying 10 out of 145 results

$2.35 Million Autocallable Structured Products Award

In November 2024, a FINRA arbitration panel in Boca Raton, FL ordered Stifel, Nicolaus to pay at least $2,348,865 including attorney's fees. You can read the award here. Craig McCann testified on liability and damages over Stifel's recommendation and sales of autocallable structured products.

$14.5 Million Autocallable Structured Products Award

In October 2024, a FINRA arbitration panel in Boca Raton, FL ordered Stifel, Nicolaus to pay over $14,500,000 including $9,000,000 in punitive damages and $1,100,000 million in attorney's fees. You can read the award here. Craig McCann testified on liability and damages over Stifel's recommendation and sales of autocallable structured products.

$7.34 Million Principal Securities Variable Annuities / IUL / UL Award

In June 2024, a FINRA arbitration panel in Minneapolis, MN ordered Principal Securities to pay $7,342,000 in compensatory damages. You can read the award here. Craig McCann testified on liability and damages over Principal's sales of John Hancock, Pacific Life, Guardian, Principal, Lincoln, Jackson and Nationwide annuities and life insurance.

$1.2 Million Concourse Financial Group Securities Award: Noble Royalty, Walton Land Fund 4, Inland REIT and Security Benefit EIA Award

In May 2024, a FINRA arbitration panel in St. Louis, MO ordered Concourse Financial Group Securities (formerly known as ProEquities) to pay $1,214,308 in compensatory damages. You can read the award here. Craig McCann testified on liability and damages over Concourse's sales of Noble Royalty Access Fund 15, Walton Land Fund 4, Inland REIT and Security Benefit equity indexed annuities.

$1 Million Independent Financial Group Non-Traded REITs, Non-Traded BDCs, Unregistered RE, and DSTs

In December 2023, a FINRA arbitration panel in Phoenix, AZ ordered Independent Financial Group to pay $1 million in compensatory damages. Craig McCann testified on liability over Independent Financial Group's sales of non-traded REITs and BDCs, unregistered real estate and DSTs.

$1,065,000 GWG L Bond Award

In October 2023, a FINRA arbitration panel in Los Angeles, CA ordered the Respondents to pay $1,065,000 in simple interest damages and costs. Craig McCann testified on liability and damages related to GWG L Bonds.

$953,000 Crown Capital Securities Non-Traded REITs, Reg D, Oil & Gas DPP and EIA Award

In May 2023, a FINRA panel in San Diego, CA ordered Crown Capital Securities to pay $953,000 in compensatory damages and interest. Craig McCann testified on liability over Crown Capital's sales of nontraded REITs, Reg D REITs, Reg D real estate limited partnerships, oil & gas DPPs, private equity and an equity indexed annuity.

$2,660,000 First Allied Nontraded REIT, Energy DPP & Annuity Award

In March 2022, a FINRA panel in Phoenix, AZ ordered First Allied Securities to pay $2,660,000 in compensatory damages, attorneys' fees and costs. Craig McCann testified on liability and damages over First Allied sales of Ridgewood Energy, Griffin Capital Essential, Griffin-American Healthcare REIT III, ARC Healthcare Trust II, ARC Hospitality Trust, Global Net REIT, Northstar Healthcare, Cole Capital and annuities from Metlife, Midland, Jackson Life and AXA.

$4 Million JPMorgan Foreign Currency / Leverage Award

In December 2021, a FINRA Panel in Houston, TX ordered JP Morgan to pay $4 million in a case involving investments in junk bonds and preferred stocks leveraged through foreign currency transactions. Craig McCann testified on liability and damages behalf of the Claimant.

$900,000 Oriental Financial Services Award

In August 2021, a FINRA arbitration panel in San Juan, Puerto Rico ordered Oriental Financial Services to pay $700,000 in compensatory damages plus approximately $200,000 in interest since the filing of the case. Eddie O'Neal testified on liability and damages over Oriental's recommendation of leveraged Puerto Rican municipal bond funds.

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