May 2013–In FINRA Case # 12-1167, Suzy Asad and Suzy Asad Trust v Mamdoh Abas and ProEquities, Inc., a Los Angeles panel awarded compensatory damages of $379,424, plus accrued interest, costs of $68,838 and session fees of $25,875, jointly and severally against ProEquities, Inc. and broker Mamdoh Aziz Abas. The Claimant alleged elder abuse, securities fraud , negligence and misrepresentation in connection with the sale of tenant in common investments (TICs).
If you have losses in your brokerage account due to the negligence, misrepresentation or fraud of your broker, you may be able to recover all or a part of those losses through FINRA arbitration. Call us for a no charge consultation to discuss your legal rights.
561 391 1900