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

Displaying 11-20 out of 20 results

Melton et al v. Morgan Stanley Smith Barney - $3.6 Million Award

In June 2015, a FINRA arbitration panel awarded $3,586,989 in damages plus to the Claimants. Dr. O'Neal testified on liability and damages for the Claimants.

Polito v Centaurus Financial Nontraded REIT Award

In June 2015, a FINRA panel in Albuquerque, NM ordered Centaurus Financial, Inc. to pay the Claimant $150,000 plus all hearing fees after reasoned findings that "the investments Hashemian recommended while at Centaurus were not suitable", that Centaurus was responsible for Hashemian's actions which "constituted fraudulent and negligently made misrepresentation and omitted material information in the sale of investments" and that "Centaurus failed to supervise Hashemian is a proper and reasonable manner". The subject investments included non-traded REITs and equity-indexed annuities. Craig McCann testified on liability and damages.

$470,000 Melendez Ramos v UBS of Puerto Rico Award

In March 2016, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $470,000 in compensatory damages, interest, attorneys' fees and costs. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal bond closed end funds.

$1.2 Million Ramos v UBS of Puerto Rico Award

In March 2016, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $1.2 Million in compensatory damages and expert costs. The panel also ordered the Claimant to pay $156,433 in connection with a debit balance. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal bond closed end funds.

Wiles v Questar Capital - $135,000 non-traded REIT Award

In March 2016, a FINRA arbitration panel in Louisville, KY ordered Questar Capital to pay $134,533 in compensatory damages and costs over the sale of Behringer Harvard REIT 1 non-traded REIT. Dr. Henderson testified on liability and damages over Questar's sale of the non-traded REIT to the Claimant.

Dr. Henderson's "An Empirical Analysis of Non-traded REITs" forthcoming in the Journal of Wealth Management and SLCG's blog posts on non-traded REITs can be found on our website.

Silipigno v Raymond James - $800,000 Churning Award

In February 2016, a FINRA arbitration panel in Albany, NY ordered Raymond James to pay at least $791,847 in compensatory damages and interest after a hearing wherein the Claimant alleged Respondent churned the Claimant's accounts. Dr. McCann testified to the egregiousness of the churning and damages on behalf of the Claimant.

Aucoin v VSR Financial Services - $307,000 non-traded REIT & DPP Award

In February 2016, a FINRA arbitration panel in New Orleans, LA ordered VSR Financial Services to pay $307,000 in compensatory damages over non-traded REITs, promissory notes, limited partnerships and oil drilling programs. Dr. Henderson testified on liability and damages over VSR's sale of the non-traded REITs and other investments to the Claimant.

Dr. Henderson's "An Empirical Analysis of Non-traded REITs" forthcoming in the Journal of Wealth Management and SLCG's blog posts on non-traded REITs can be found on our website.

$1.45 Million Bengoa v UBS of Puerto Rico Award

In February 2016, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay at least $1,450,000 in compensatory damages, interest, attorneys' fees and expert costs. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal bond closed end funds.

Ford et al v Royal Alliance - $600,000 non-traded REIT, Annuity Award

In February 2016, a FINRA arbitration panel in San Francisco, CA ordered Royal Alliance Associates to pay $596,695 in compensatory damages, attorneys' fees and costs. The Claimants were AT&T retirees who took lump sum payouts rather than pensions and invested with Royal Alliance. Dr. McCann testified on liability and damages over Royal Alliance's sale of non-traded REITs and variable annuities to the Claimants for their retirement portfolio.

Dr. McCann's "Fiduciary Duties and Non-traded REITs" and SLCG's blog posts on non-traded REITs can be found on our website.

Ohio Division of Securities, In the Matter of Timothy K. Fife - Ohio IA Registration to be Revoked

In February 2016, after evidentiary hearings, the Hearing Examiner recommended that Timothy Fife's investment adviser representative registration be revoked. Fife's registration is being revoked because he provided investment advice and initiated securities transactions while not licensed in Ohio and because he recommended the unsuitable purchase and holding for extended periods of time of leveraged and inverse ETFs. Dr. McCann testified on behalf of the Ohio Division of Securities.

SLCG's peer-reviewed publication on leveraged and inverse ETFS include "Leveraged ETFs, Holding Periods and Investment Shortfalls" published in the Journal of Index Investing, "The Properties of Short Term Investing in Leveraged ETFs" published in the Journal of Financial Transformation, and "Crooked Volatility Smiles: Evidence from Leveraged and Inverse ETF Options" published in the Journal of Derivatives & Hedge Funds.

20 Results

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