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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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$343,000 Porter v RMK Award

In December 2018, a FINRA arbitration panel in Birmingham, AL ordered Morgan Keegan to pay $343,000 in compensatory damages, interest and costs to Claimant. Dr. O'Neal testified on the risks of structured finance, high yield bonds, closed end funds and damages over Morgan Keegan's sale of four risky funds that held concentrated positions in structured finance investments.

$276,000 Medeiros v Quest Capital Strategies Woodbridge Mortgage Investment Funds Award

In January 2019, a FINRA arbitration panel in Boca Raton, FL ordered Quest Capital Strategies to pay $235,000 in compensatory damages and $41,226 in costs to Claimant. Dr. O'Neal testified on private real estate risk, projected bankruptcy recovery in a Ponzi scheme, and damages over Quest's sale of four promissory notes of the Woodbridge Mortgage Investment Funds.

$177,500 Ionta v Mid Atlantic Capital Private Placement Award

In December 2018, a FINRA arbitration panel in Los Angeles, CA ordered Mid Atlantic Capital Group to pay $177,500 in compensatory damages. Dr. McCann testified on liability and damages over Mid Atlantic's sale of an illiquid loan fund, Sonoma Ridge Partners.

$564,559 Pastrana v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay at least $564,559 in compensatory damages, attorney's fees and costs. The panel also ordered UBS to repurchase certain closed end funds at their account statement values. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of Puerto Rico closed end funds and municipal bonds.

$19 Million Moyett v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in Atlanta, GA ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $14,909,019 in compensatory damages, plus attorneys' fees of $3,878,345 and costs of $215,557. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS PR closed end funds and individual Puerto Rico municipal bonds.

Grimes v Trustmont Financial Group- $1 Million non-traded REIT, Annuity Award

In August 2018, a FINRA arbitration panel in Tampa, FL ordered Trustmont Financial Group to pay $1,041,000 in statutory damages pursuant to FL Section 517, punitive damages, costs and fees. Dr. McCann testified on liability and damages over Trustmont's sale of a non-traded REIT (Griffin Capital Essential Asset) and two variable annuity switches.

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

$4.3 Million Bender v UBS of Puerto Rico Award

In June 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $4,20,000.00 in compensatory damages, plus costs of $100,000. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of Puerto Rico municipal bonds.

$220,000 Nelson v Stifel, Nicolaus Churning & Overconcentration Award

In June 2018, a FINRA arbitration panel in Omaha, NE ordered Stifel, Nicolaus & Co. to pay the Claimant $144,967 in compensatory damages, $47,839 in attorneys' fees and $23,384 in costs including expert witness costs over the concentration of his accounts in speculative securities and alleged churning. The panel also assessed all hearing costs to the Respondent. Dr. McCann on liability and damages.

$1.9 Million Medero-Fernandez v UBS of Puerto Rico Award

In March 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $1,880,000.00 in compensatory damages. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal closed end bond funds.

District Court Order Confirming $1 Million Bien v Mid Atlantic Award

In March 2018, the US District Court for the District of Colorado confirmed an arbitration award against Mid Atlantic. Previously in December 2016, a FINRA panel in Denver, CO ordered Mid Atlantic to pay at least $1,037,000 including $3 Million in monetary sanctions for discovery abuse. You can read that award on our website. Dr. McCann testified on liability and damages over Mid Atlantic's sale of a non-traded KBS REIT and illiquid loan fund, Sonoma Ridge Partners.

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