Feed: Loss Recovery Center - AggScore: 47.2

Loss Not Due To Market Conditions

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Loss Recovery Center is currently representing a client from Boston whose stockbroker wanted to make up for the $165,000 in losses incurred as a result of the bad investment recommendations he had made over the previous 4 years. In 2008 … Continue reading →

LCM VII LTD Notes sold by Banc of America Securities

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Banc of America Securities created and/or purchased a significant number of Collateralized Loan Obligations (CLO’s) (securities backed by corporate loans). Banc of America Securities bundled them, and sold one of them as LCM VII LTD Notes. The LCM VII Notes were … Continue reading →

FINRA Arbitration Panel Awards $395,577

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FINRA Case Number: 09-00405 On January 21, 2010 a FINRA Arbitration Panel determined that Stifel, Nicholaus & Company, Inc. was liable for compensable losses in this case of unsuitable investments and strategies, negligence, failure to supervise, and breach of fiduciary … Continue reading →

Arbitration Panel Awarded a Former Nevada State Bar President and Prominent Reno Attorney $450,000

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A FINRA Arbitration Panel awarded former Nevada State Bar President and prominent Reno attorney $450,000 and awarded reasonable costs and attorney fees against local Financial Planer and Investment Advisor Patricia Meidell and brokerage firm Associated Securities Corporation. Continue reading →