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Jenkins v Crowell Weedon - $51,807 Preferred Stock Award

In February 2012 a FINRA panel in Los Angeles awarded Claimant $51,807 in compensatory damages, the full amount sought. The award was made after a hearing in which the Claimant alleged that the broker's professional obligation to assist clients in setting proper investment objectives and risk tolerance was improper. Mr. Meyer testified on behalf of the Claimant as to the unfavorable risk/return characteristics of preferred stocks and their unsuitability for most retail investors.

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Paul F. Meyer
Principal310.917.1075