July 5, 2016-New York
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Garden State Securities, based in Red Bank, New Jersey, to pay an elderly customer over $142,000 to resolve allegations that the firm had over traded his account and put him in unsuitable investments. Romano v Garden State Securities, FINRA Case 15-0996.
The customer was in his late 70’s and brought the arbitration claim to recover losses on unsuitable investments, including penny stocks, stocks of Chinese owned companies and leveraged exchange traded notes.
Investors who have suffered losses as a result of the fraud, negligence or mismanagement of their brokerage accounts may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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