In October 2003 an NASD arbitration panel in Seattle awarded a husband and wife $1.73 Million arising out of claims against Merrill Lynch over the exercise of Ariba non-qualified employee stock options.
In August 2003, an NASD arbitration panel in Dallas, TX ordered Edward Jones to pay Claimant $90,367 including costs and prejudgment interest. Dr. McCann testified that the exercise and hold strategy was deeply flawed and should never have been implemented.
