A Financial Industry Regulatory Authority (FINRA) arbitration panel awarded damages of over $150,000 to two former customers of Legend Securities, Inc. who brought the action for losses suffered as a result of investing in several direct investments: Praetoria Fund, Ltd., Praetorian G Power VI , LLC and U.S. Coal Corporation. Brewer, et al. vs Legend Securities, Inc., FINRA Case 15-01041.
The compensatory award shall earn interest until paid. The award includes $5,000 sanctions for Respondent’s violation of the Panel’s discovery orders.
Legend Securities has been a FINRA member since 1998 and is headquartered in New York City. They have about 146 brokers located in 14 branch offices.
If you have questions about how your brokerage account has been handled, call to learn how you 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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