Skip to main content

Wells Fargo Investors Prevail in FINRA Arbitration

By December 28, 2015September 20th, 2017News

A FINRA Panel awarded Claimants Malvin G. Johnson, Jr. and Dana Johnson damages against investment bank Wells Fargo Advisors, LLC stemming from their investments in real estate related products.

According to the FINRA award, “Claimants alleged that [Wells Fargo] improperly invested them in risky sub-prime real estate related products and that [Wells Fargo] did not institute stop loss orders on these products.” As a result, the Claimants accounts suffered damages when the market declined.

The FINRA Panel awarded the Johnsons $10,600 in compensatory damages as well as interest on that sum at 5% per year beginning January 21, 2013.

The FINRA Case No. is 13-03327.

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.

GWG Holdings Files for Bankruptcy: How Might That Impact L Bond Investors?