FINRA Panel Awards $100,000 to UBS Investor

By December 21, 2015 September 20th, 2017 News

A FINRA Panel recently awarded Claimant Caroline Pruett $100,000 in compensatory damages relating to allegations of unauthorized trading in her account with UBS Financial Services, Inc.

According to the FINRA award, Pruett alleged claims of misrepresentation and omission, negligence, breach of fiduciary duty, and violations of Missouri and Kansas securities laws. “The causes of action related to a UBS account opened in Claimant’s name by her ex-husband. Claimant alleged that [UBS] engaged in unauthorized, unsuitable, speculative, and concentrated trading on margin in her UBS account,” according to the FINRA award.

In addition to the compensatory damages, the Panel also awarded Pruett $1,072 in attorneys’ fees.

The case was FINRA No. 14-02942 and the decision was released December 11, 2015.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

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