National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

CASE NO. 10-03532

Posted on Wednesday, July 1st, 2020 at 3:06 pm    

The Firm obtained total damages of $314,317 for an investor who lost $100,000 when the broker engaged in “selling away”. Selling away occurs when a broker sells an unapproved investment to his customer. The arbitrators awarded the extraordinary relied of punitive damages due to the “egregious behavior on the part of the broker and the apparent lack of any system of supervision” by Kovack Securities.