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

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Displaying 181-190 out of 224 results

Brezden et al v Associated Securities - $8.9 Million Hedge Fund Award

In March 2009, a FINRA Dispute Resolution panel, in an explained decision, awarded $8.9 Million to a group of Claimants who invested in an speculative options trading vehicle called APEX Equity Options Fund, LP. The panel concluded that the broker, who was also a registered investment advisor, deliberately misled these customers by telling them Apex was a safe, income-producing security. In fact, the fund was very risky, and the Claimants lost their entire investment. The panel also found the broker's employer, Associated Securities Corp., independently liable for its failure to supervise the broker. On behalf of the Claimants, Mr. Meyer testified about a firm's duties to supervise.

Willingham et al v Morgan Keegan - $187,215 (RHY, MKIBX) Award

In March 2009, a FINRA arbitration panel in Birmingham, AL ordered Morgan Keegan to pay $187,215 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties, failed to suitably diversify Claimants' accounts and failed to supervise Claimants' accounts in the Claimants' investments in RMK Multi-Sector High Income Fund (RHY) and RMK Select Intermediate Bond Fund. Dr. McCann testified on behalf of the Claimants.

Muhlbauer v Morgan Keegan - $125,000 (RHY, RSF, RMA) Award

In March 2009, a FINRA arbitration panel in Memphis, TN ordered Morgan Keegan to pay $125,000 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties, failed to suitably diversify Claimants' accounts and failed to supervise Claimants' accounts in the Claimants' investments in RMK Multi-Sector High Income Fund (RHY), RMK Strategic Income Fund (RSF) and RMK Advantage Income (RMA). Dr. O'Neal testified on behalf of the Claimant.

McCarver v Morgan Keegan - $100,000 (RMH, RHY, RSF, RMA, MKHIX) Award

In February 2009, a FINRA arbitration panel in Tampa, FL ordered Morgan Keegan to pay $100,000 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties, failed to suitably diversify Claimants' accounts and failed to supervise Claimants' accounts in the Claimants' investments in RMK High Income Fund (RMH), RMK Multi-Sector High Income Fund (RHY), RMK Strategic Income Fund (RSF), RMK Advantage Income (RMA) and RMK Select High Income (MKHIX). Dr. McCann testified on behalf of the Claimant.

Misha v Stone & Youngberg - $250,000 Leveraged Municipal Bond Arbitrage Award

In January 2009, a FINRA arbitration panel in San Francisco, CA ordered Stone & Youngberg to pay $250,000 in damages after a hearing wherein the Claimants alleged Respondents breached contractual and fiduciary duties and negligently misrepresented a leveraged municipal bond arbitrage strategy. Dr. McCann testified on behalf of the Claimants.

Coutant and Goheen v Morgan Stanley Dean Witter et al - $1.016 Million Concentration Award

In February 2008, a FINRA arbitration panel in San Francisco, CA ordered Morgan Stanley to pay $1,015,875 after a hearing wherein the Claimants alleged Respondents failed to provide competent hedging advice with respect to the Claimants' concentrated stock holdings. Dr. McCann testified about principles of prudent investment management, hedging strategies and damages on behalf of the Claimants.

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.

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