SETTLEMENT
Recovered $375,000 for selling away
Recovered $375,000 from a brokerage firm for a client who sustained losses when his broker recommended and implemented unapproved futures trading. This type of wrongful conduct by a broker is called “selling away.” The settlement amount represented a high percentage of the client’s losses. Erez Law brought claims based upon the unsuitability of the investment, misrepresentations, and failure to supervise, amongst other things. The case was filed with FINRA Dispute Resolution and was settled close to the start of the trial date.