Straccia et al v Ceros Financial Services - $1.82 million Leveraged and Inverse ETF Award

In November 2012, a FINRA arbitration panel in Manchester, NH ordered Focus Capital, Inc., Focus Capital Wealth Management, Inc. and Nicholas B. Rowe to pay Claimants $1.82 million including $442,829 in attorneys' fees, $19,836 in costs and $30,000 in expert witness fees. The award was made after a hearing wherein the Claimants alleged that Respondents invested in unsuitable leveraged and inverse ETFs. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann