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Displaying 7 out of 7 results

Lackey v Casimir Capital and James Ahern - $94,500 Churning Award

In December 2007, a FINRA arbitration panel in Dallas, TX ordered Casimir Capital and James Ahern to pay $94,500 including expenses and attorneys' fees after a hearing wherein the Claimants alleged Respondents churned the Claimants' accounts. Dr. McCann testified to the egregiousness of the churning on behalf of the Claimants.

Riley v Associated Securities - $605,000 Asset Allocation Award

In November 2007, a FINRA arbitration panel in Reno, NV ordered Associated Securities and Patricia Meidell to pay $605,000 in damages and interest after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties and failed to suitably diversify Claimant's account. Dr. McCann testified on behalf of the Claimant.

McKinney v Merrill Lynch - $3.321 Million Concentration & Variable Prepaid Forward Award

In October 2007, a FINRA arbitration panel in Indianapolis, IN ordered Merrill Lynch to pay $3.321 Million to a Claimant. Claimant alleged that Merrill Lynch recommended that she purchase investments on margin despite holding a concentrated single-stock position and that Merrill Lynch engaged in self-dealing by causing her to enter into a complex, costly and unsuitable liquidity contract (variable prepaid forward). Dr. McCann testified on behalf of the Claimant.

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Piscevich et al v Associated Securities - $450,000 Asset Allocation Award

In July 2007, an NASD arbitration panel in Reno, NV ordered Associated Securities and Patricia Meidell to pay $460,000 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties and failed to suitably diversify Claimants' account. Dr. McCann testified on behalf of the Claimants.

Rayburn et al v HSBC Securities - $775,000 Structured Products Award

In May 2007, an NASD arbitration panel in Los Angeles, CA ordered HSBC Securities to pay $775,000 in damages after a hearing wherein the Claimants alleged Respondents misrepresented features and omitted material facts in the sale of structured "snowball" notes to Claimants. Dr. McCann testified on behalf of the Claimants.

Schunmann v Donald Sowa - Misrepresentation $314,000 Award

In April 2007 an NASD Arbitration panel in Hartford, CT ordered Donald Sowa, an RIA, to pay Mr. and Mrs. Schunmann compensatory damages of $314,000. Dr. O'Neal testified that the RIA misrepresented and completely misunderstood the risk of the Schunmann's portfolio.

Almquist et al v Merrill Lynch - $1.5 Million Award

In February 2007, an NASD arbitration panel in Seattle, WA ordered Merrill Lynch to pay $1.5 Million to a couple after a hearing wherein the Claimants alleged Merrill Lynch breached contractual and fiduciary duties and failed to make suitable recommendations to diversify their account.

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