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.
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