$370,000 UBS YES AwardIn March 2021, a FINRA arbitration panel in Columbus, OH ordered UBS Financial Services to pay $342,127 in compensatory damages, plus approximately $28,000 in expert witness fees. You can read the award
here.
Craig McCann testified on liability...
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$1.1 Million UBS YES AwardIn March 2021, a FINRA arbitration panel in Denver, CO ordered UBS Financial Services to pay $1,044,242 in compensatory damages, plus approximately $53,442 in interest. You can read the award
here.
Craig McCann testified on liability and...
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$420,000 Private Placement Real Estate and Equipment Leasing DPP Annuity AwardIn February 2021, a FINRA panel in St. Louis, MO ordered Sunset Financial Services to pay $420,000 in compensatory damages, attorneys’ fees and costs. You can read the award
here.
Craig McCann testified on liability and damages over Sunset’s...
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$20 million + Schottenstein v JPMorgan Structured Products AwardA FINRA Panel in Tampa, FL ordered JP Morgan to pay $18.95 million plus interest and attorneys fees over the sale of Autocallable reverse convertible structured products to an elderly client. You can read the Award
here.
Craig McCann testified on...
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US District Court issues Final Judgment in SEC v RPMIn December 2020, the United States District Court for the District of Columbia granted Final Judgement in Securities and Exchange Commission v RPM International, Inc et al, Civ No. 16-1803. The SEC alleged that RPM failed to timely disclose a...
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$12.7 Million Estate Planning Equity Indexed Annuity OrderThis month the King County Superior Court, State of Washington ordered CLA to pay $6.2 million in restitution and $6.5 million in civil penalties and issued injunctive relief in a case arising out of fraudulent free “estate planning” seminars...
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11th Circuit Affirms District Court Order Confirming $3.4 Million Puerto Rico AwardIn December 2020, the US Court of Appeals for the 11th Circuit affirmed the April 2020 US District Court for the Southern District of Florida Order confirming an arbitration award against Morgan Stanley over Puerto Rico municipal bonds. You can...
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4th Circuit Court Reinstates $1.5 Million VXX Arbitration Award Against Interactive Brokers In August 2020, the US 4th Circuit Court of Appeals reversed the US District Court for the Eastern District of Virginia’s Order vacating and remanding for hearing before a new arbitration panel a modified arbitration award against Interactive...
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