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November 30, 2018
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Blog
Churning Losses Recovery According to the Financial Industry Regulatory Authority Inc. (FINRA), FINRA Arbitrators awarded more than $1 million to a client who alleged account churning by his broker at Legend Securities Inc. The FINRA panel of three awarded Herbert Voss $700,000 in punitive damages in addition to
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December 17, 2015
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Blog, Securities Fraud
Broker Investigation – Justin Amaral – Morgan Stanley The Financial Industry Regulatory Authority (FINRA) recently awarded an elderly investor more than $1 million in an arbitration claim. According to InvestmentNews, ninety two year old Genevieve Lenehan claimed former
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March 6, 2014
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Blog, Securities Fraud
FINRA Churning awards Based on FINRA awards, it appears that churning continues to be a problem in the securities industry. From January 1, 2013 to December 31, 2013, there were 52 cases decided that at least mentioned churning as an issue in the case. Churning is an illegal and unethical practice that takes place
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