January 21, 2015- Indianapolis, Indiana
A FINRA arbitration panel in Indianapolis, Indiana, ordered Harbor Financial Services and broker Deborah Ellen Romary to pay a customer over $60,000 in compensatory damages, plus attorney fees and costs of about $64,000 . The customer brought claims for breach of fiduciary duty and the Indiana Uniform Securities Act in connection with the broker’s recommendation that the customer invest in a flexible premium deferred annuity. The customer alleged that the advice to cash out his 401K and invest in an annuity was contrary to his conservative investment objective. Jeffrey Webb v Harbor Financial Services, et al, FINRA Case# 13-3305.
If you have questions about losses in your brokerage account, call to speak with an experienced securities attorney.
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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