Credit Suisse Securities – New York City, NY
According to reports yesterday, a FINRA arbitration panel has awarded $975,530 to Nicholas B. Finn, a former Credit Suisse Securities broker. Finn was seeking deferred compensation that he claimed was withheld when the firm closed its doors in 2015.
Finn, who was a registered representative with Credit Suisse from September 2008 until December 2015, is now working for UBS Financial Services.
According to Investment News, approximately 100 of those brokers went to work for Wells Fargo. Some of the remaining 215 brokers reached settlement agreements with Credit Suisse.
Several former Credit Suisse brokers have reportedly filed arbitration claims against the firm for allegedly withholding money it owed them.
Some brokers that went to Wells Fargo reportedly received their deferred compensation from Credit Suisse, but for others, the firm has reportedly taken the position that they left voluntarily even though it was closing the brokerage business.
Free Consultation with a Securities Attorney
This information is all publicly available and provided to you by The White Law Group.
For a free consultation with a securities attorney, please call our offices at (888)637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.