Brokerage Firms, Elder Financial Abuse, FINRA, Hilliard Lyons, Misrepresentation, Securities Regulators, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments

FINRA Hits J.J.B. Hilliard, W.L. Lyons, LLC with $184K Award

An arbitration panel in Columbus, Ohio, of the Financial Regulatory Authority (FINRA) ruled in November 2012, that J.J.B. Hilliard, W.L. Lyons LLC (Hilliard) must pay an investor over $184,000 in losses and attorneys fees & costs. In addition, the panel ruled that Hilliard was also liable for FINRA hearing session fees of $9,000.

The customer in this case claimed that the investment strategy employed by Hilliard was unsuitable and out of line for her investment objectives.
Stock brokers have a duty to make suitable recommendations to investors, after taking into account the age, health, level of financial sophistication and liquid net worth of the individual.
If you have suffered losses in your brokerage account you may be able to recover some or all of those losses through FINRA arbitration, a process that is much more expeditious and less costly than court litigation.

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.

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870