FINRA – 2011

Case No.
Date(s) of Filing
Date Completed
Outcome
Claimants
Respondents
Location
Claimant Representation
Respondent Attorney
Claims
Investment Type
Damages Requested
Damages Received
Other Requests
Presiding Chairperson
Other Arbitrators
Panel Type
Case No. Date(s) of Filing Date Completed Outcome Claimants Respondents Location Claimant Representation Respondent Attorney Claims Investment Type Damages Requested Damages Received Other Requests Presiding Chairperson Other Arbitrators Panel Type
08-00500 2/21/2008 1/27/2011 In favor of Claimant Marcia R. Sternlieb Brookstreet Securities Corp.; National Financial Services LLC; Stanley Brooks; The Brooks Family Trust; Jason Woessner Clearwater, Florida Brian Reis, Esq. Orly Davidi, Esq.; H. Thomas Fehn, Esq.; Jonathan B. Butler, Esq. Forgery of Claimant’s signature; unsuitability; unauthorized trading; failure to follow instructions; fraud; negligent failure to supervise; respondeat superior DDS Technologies $47,426.00 $1,000.02; interest; filing fee ($150) interest; forum fees; attorneys’ fees Muriel Desloovere (P) Edith Dinneen (P); John Azadian (NP) Mixed
08-01388 4/29/2008 1/28/2011 Claims settled Frederick F. Herman; Deborah S. Herman Charles Schwab & Co., Inc.; Colleen Mary Langs; Marcia Harker Novick San Francisco, California Frederick F. Herman Garrett Wynne, Esq.; Evelyn C. Best, Esq. violation of section 12(a)(2) of the Securities Act; violation of section 11 of the Securities Act; violation of section 15 of the Securities Act; violations of fair dealings with customers under FINRA rules auction-rate bonds; variable-rate bonds; floating-rate bonds $732,178.51 (compensatory) n/a interest (4%); arbitration costs and expenses incurred in this action; rescissionary damages; other relief Sterling N. Frost (P) Laurel Littman Gothelf (P); Thomas H. O’Connor (NP) Mixed
08-02511 7/22/2008 12/14/2011 Claims denied Joseph Torsiello AXA Advisors, LLC Boca Raton, Florida Marc S. Dobin, Esq. Elliot R. Good, Esq.; Michael Zaretsky, Esq. unauthorized trading; fraud; vicarious liability; suitability; failure to supervise Evergreen Energy Inc. stock $620,000 (compensatory) n/a unspecified punitive damages; attorneys’ fees Sheldon I. Saitlin (P) Charles R. Smith (P); Ned B. Young (NP) Mixed
08-02639 1/25/2008 1/13/2011 Claims dismissed International Capital Management Company Bear, Steams & Co., Inc. n/k/a J.P. Morgan Securities, Inc.; Bear Stearns Asset Management, Inc.; The Bear Stearns Companies, Inc.; Ralph R. Cioffi, Jr.; Matthew Tannin; Raymond McGarrigal; Norman Lang Chicago, Illinois Harvey Barnett, Esq.; Celiza P. Braganca, Esq. Marshall Fishman, Esq.; Robert McCallum, Esq.; Gabrielle Gould, Esq.; Edward J.M. Little, Esq.; Theresa Trzaskoma, Esq.; Catherine L. Redlich, Esq. breach of contract; negligence; promissory estoppel; fraud; breach of fiduciary duty; aiding and abetting breach of fiduciary duty; negligent misrepresentation Bear Stearns High-Grade Structured Credit Strategies, LP $5,000,000.00 (actual/compensatory); $15,000,000.00 (exemplary/punitive) n/a interest; attorneys’ fees; other costs; other monetary relief Marilee Roberg (P) Susanne J. Hollander (P); Howard B. Silverman (NP) Mixed
08-03963 10/27/2008 1/24/2011 In favor of Claimant David Paulsen as Power of Attorney for Ruth Paulsen Wachovia Securities, LLC; Evergreen Investment Services, Inc. New York, New York Herbert Rubin, Esq. Joseph P. Pohl, III, Esq. misrepresentation; breach of fiduciary duty; fraud; negligence; violations of NASD and NYSE rules; violation of Rule10b-5 of the Securities Act of 1934 Evergreen Ultra Short Opportunities Fund $215,000.00 (compensatory) $27,015.15 (compensatory) unspecified underperformance damages; unspecified punitive damages; interest; attorneys’ fees; costs; other relief Allan E. Johnson (P) Richard Gee (P); John Nino Brenkovich (NP) Mixed
08-04048 12/4/2008 1/20/2011 Claims settled George Toskey; Ginette Toskey Charles Schwab & Co., inc.; Wendy T. Britton Seattle, Washington James A. Smith, Jr. Evelyn C. Best, Esq. unsuitability; violations of California State Securities Law; violations of the Washington State Securities Act; violations of the Washington State Consumer Protection Act; violations of California’s Business and Professions Code; claims asserted in the Class Action Complaint unspecified $76,301.17 (compensatory) n/a amounts claimants should have earned had their funds been suitably managed; attorney fees; costs; other relief J. David Andrews (P) Katherine Hendricks (P); Joan M. Schroeder (NP) Mixed
08-04462 11/24/2008 1/14/2011 Claims settled Alphonse J. Matt, Jr., individually and as Beneficiary of the Alphonse J. Matt, Jr. IRA Rollover Charles Schwab & Co.; Karen P. Daifotis Minneapolis, Minnesota Thomas F. Shine, Esq.; Christopher T. Vernon, Esq. Philip A. McLeod, Esq. misrepresentations and omissions; fraud; negligence; breach of fiduciary duty; unsuitability; breach of contract; violation of state and federal securities laws; violation of self-regulatory authority rules and regulations; vicarious liability YieldPlus Select Fund $500,000.00 (actual/compensatory) n/a unspecified exemplary/punitive damages; interest; attorneys’ fees; other costs James A. Lundberg (P) Douglas J. Nesbit (P); Lawrence J. Welte (NP) Mixed
08-05016 12/29/2008 12/30/2010 In favor of Claimant Alison Gordon, as Successor trustee of the Surviving Spouse’s Trust and Family Bypass Trust of the Gordon Family Trusts and Gordon Investment Trust PFS Investments Inc.; Grace St. Clair; Travelers Life and Annuity Company; Primerica Financial Services Insurance Marketing, Inc. Los Angeles, California Steve A. Buchwalter, Esq.; Scott E. Shapiro, Esq. Ben Suter, Esq.; Cara L. Finan, Esq. fraud, deceit, misrepresentation, and omission of material fact; violation of California Insurance Code Section 10509.8; negligence; breach of fiduciary duty; failure to supervise; elder abuse; violation of California Corporations Code Section 25401 Variable Universal Life insurance policy; variable annuity policy $5,800,000.00 (compensatory) $477,867.10 (compensatory) interest; attorneys’ fees; costs; additional damages; unspecified punitive damages; other relief Melvin S. Feldman (P) Robert Dean McKinley (P); Kenneth I. Rosenbaum (NP) Mixed
09-00313 1/19/2009 1/29/2011 In favor of Claimant George Arzymanow; Christine Arzymanow UBS Financial Services, Inc. Houston, Texas Kristen Wilkinson, Esq. Payne L. Templeton, Esq. inability to liquidate; misrepresentation; frozen accounts auction rate securities $366,735.36 (actual/compensatory) $87,350.00 (consequential); interest (6% per annum); forum fees interest; other costs; investigation costs ($46,000.00) Jeff Kilgore (P) n/a Public
09-00759 2/9/2009 1/4/2011 In favor of Claimant Rhonda S. Waksman CCO Investment Services Corp.; T/D/B/A Citizens Investment Servies Pittsburgh, Pennsylvania Richard W. Kelly, Jr., Esq. Jayme L. Butcher, Esq. breach of contract; failure to supervise; breach of fiduciary duty; misrepresentations; omissions; suitibility Oppenheimer Rochester National Muni A fund $123,301.01 (actual/compensatory); $246,602.04 (treble) $35,322.70 (compensatory); interest (6% per annum); expert witness costs ($5,000.00); forum fees interest ($25,000.00); attorneys’ fees; other costs Kathleen K. Murphy (P) Elena M. Colianni (NP); Michael D. McDowell (P) Mixed
09-01057 2/27/2009 1/9/2011 Claims settled Robert Micley, Individually and on behalf of his IRA, and as Trustee for the Williamstown Anesthesia MPP Plan DTD 01/01/94 FBO Carolyn Henderson, The Williamstown Anesthesia MPP Plan FBO Robert Micley, and The Williamstown
Anesthesia MPP Plan FBO Donna Maruco
Gilford Securities, Inc.; Ralph Worthington IV; David Stanley Kaplan; Robert Andrew Maley; Bonnie Jane Edelman Sachs; David Matthew Boutin Boston, Massachusetts Kirk G. Smith, Esq. Thomas E. Chase, Esq.; Mark M. Rottenberg, Esq. misrepresentations and unsuitable recommendations; breach of contract and warranties; promissory estoppels; violation of state securities statutes; violation of state fraud statutes; violation of consumer protection statutes; intentional and negligent misrepresentation; unjust enrichment; breach of fiduciary duty and good faith and fair dealing; vicarious liability Crocs stock; Washington Mutual stock $100,000.00-500,000.00 (compensatory) n/a all sums lost; all lost opportunities incurred; recission; statutory damages; unspecified punitive damages; interest; all costs; other relief Deborah B. Haskell (P) Irene Scharf (P); William S. Tagerman (NP) Mixed
09-01769 4/1/2009 1/10/2011 In favor of Claimant Victor H. Stora; Lucille Stora; Victor N. Stora; Katherine Ruotolo; Gina Ruotolo; George Tropiano; Joseph Quattrocchi; Dependable Auto Body, Inc. Strasbourger Pearson Tulcin Wolff, Inc.; Andrew Gonchar; Polyvios T. Polyviou; Ronald Moschetta; Michael J. Schumacher; Allen M. Levine New York, New York Ross B. Intelisano, Esq. Ronald Moschetta; Peter M. Spett, Esq.; pro se (Ronald Moschetta); no appearance (Michael J. Schumacher; Allan M. Levine) breach of contract; breach of fiduciary duty; unsuitability; unauthorized trading; negligence and gross negligence; aggressive and excessive trading; margin lending; fraud; failure to supervise; respondeat superior; violation of FINRA Rules guaranteed senior notes of RJ Tower Corporation compensatory $373,968 (compensatory); interest (9% per annum); $100,000.00 (punitive) unspecified exemplary damages; costs and expenses; attorney’s fees; other relief Richard Cutler (P) Jerome Shafer (P); Edith Gunn (NP) Mixed
09-01833 4/6/2009 1/20/2011 Claims denied William J. Green; Susan P. Green UBS Financial Services, LLC Orlando, Florida Jason A. Archinaco, Esq. Mary Beth Hogan, Esq.; Philip A. Fortino, Esq. negligence; failure to supervise; unsuitability; breach of fiduciary duty; fraud; false advertising (New York and New Jersey law); injunctive relief unspecified equity investments $5,000,000.00 (compensatory); $5,000,000 (punitive) n/a Treble damages; reasonable attorneys’ fees; costs; injunctive relief Thomas Atkinson (P) Ron Pekoe (P); Peter Crowelll (NP) Mixed
09-01961 4/3/2009 1/14/2011 Claims denied Wayne Brown; Cynthia Joan Brown Wachovia Securities, LLC; Dennis Anderson Chicago, Illinois Joel M. Weiner, Esq. Jeff Jamieson, Esq. breach of fiduciary duty; breach of the implied covenant of good faith and fair dealings; misrepresentation; breach of contract; omissions of material facts; failure to properly monitor investment accounts; violation of industry rules; failure to supervise; violation of Rule 10b-5 of the Securities Exchange Commission IRA accounts $616,172.00 (actual/compensatory); $154,000.00 (exemplary/punitive) n/a attorneys’ fees; other costs Lee H. Goodman (P) Ray J. Grzebielski (P); Jay K. Buck (NP) Mixed
09-02638 5/9/2009 1/1/2011 In favor of Claimant Dennis Malanga; Sandra Malanga; DESA Corp. Profit Sharing Plan Lincoln Financial Securities Corp. (f/k/a Jefferson Pilot Securities Corp.); Pershing LLC; Charles J. Induddi Newark, New Jersey Dan A. Druz, Esq. George Meierhofer, Esq.; Janene Marasciullo, Esq. breach of fiduciary duty; termination of management of accounts; misrepresentations; omissions; negligence Unspecified equity investments $315,000.00 (compensatory) $43,750.00 (compensatory) interest; attorneys’ fees; costs; other relief Edith M. Novack (P) Linda T. Pellegrino (P); Joseph M. Dougherty (NP) Mixed
09-02975 5/18/2009 1/12/2011 Claims settled Bernard Sussman, as Trustee of the Bernard Sussman IRA and as Trustee of the Bernard Sussman Revocable Trust Account Citigroup Global Markets, Inc. a/k/a Smith Barney, Inc. Boca Raton, Florida Michael Amad, Esq. Jennifer Tomsen, Esq. negligence; misrepresentation/omission of material facts; violation of Florida Statute 825.103. expoitation of an elderly person; failure to supervise; breach of contract; unsuitability preferred stock; trust preferred; common stock; corporate bonds $958,500.00 (compensatory); $2,875,500 (punitive) $20,000.00 interest; costs; attorneys’ fees; other relief James Geiger (P) Mark Roth (P); Peter Lavezzoli (NP) Mixed
09-03541 6/9/2009 1/26/2011 Claims settled Jonathan R. Zingeser Pacific West Securities, Inc.; Harold S. Hilton; Philip A. Pizelo; Shanon L. Ford; Mark T. McCloskey Portland, Oregon Irwin Stein Harvey R. Herman, Esq. fraud; misrepresentation; negligence; breach of contract; breach of fiduciary duty; lack of responsible supervision unregistered securities n/a n/a Recission ($917,515.00); interest; costs Justine Fischer (P) John Robert Oreskovich, J.D. (P); Gary L. Vezina (NP) Mixed
09-03880 6/24/2009 1/10/2011 Claims denied Dan Salamie TD Ameritrade, Inc.; Bruce P. Conrad Charleston, West Virginia Dana F. Eddy, Esq. James J. Vihstadt, Esq.; William V. DePaulo, Esq. breach of fiduciary duty; omission of facts; suitability; failure to supervise mortgage-backed securities; indexed stocks $835,000.00 (actual/compensatory) n/a unspecified exemplary/punitive damages; attorneys’ fees; other costs; other relief W. Sean Kelleher (P) W. Michael Frazier (P); Randy Cepuch (NP) Mixed
09-04028 6/30/2009 1/13/2011 Claims settled Phyllis S. Williams, Trustee of the Phyllis S. Williams Revocable Trust under agreement dated October 3, 2008; Phyllis S. Williams, as owner of her Rollover IRA; Phyllis S. Williams, individually Charles Schwab & Company. Inc. Tampa, Florida Eric E. Ludin, Esq. Neil S. Baritz, Esq. negligence; breach of fiduciary duty; common law fraud mutual funds; individual stocks $75,516.08 (compensatory) n/a unspecified punitive damages; interest; costs; attorneys’ fees; other relief Maurice Feller (P) n/a Public
09-04369 7/21/2009 1/6/2011 Claims denied Eric T. Besag; Eric T. Besag Living Trust U/A dated 03/28/07 Merrill Lynch, Pierce, Fenner & Smith Incorporated San Francisco, California Mitchell S. Ostwald, Esq. Eric J. Glassman, Esq. breach of fiduciary duty; constructive fraud (Civil Code §1573); negligent misrepresentation (Civil Code §1572(2)); negligence; elder abuse; unfair and deceptive practices against senior citizens municipal bonds; “iShares,” an exchange traded fund $100,000.00 (compensatory) n/a disgorgement and restitution; attorneys’ fees and costs; interest; other relief Robert M. Lubin (P) n/a Public
09-04391 7/21/2009 1/10/2011 Claims denied Tom A. Ceniglis, Sr.; Reba M. Ceniglis Morgan Stanley & Co., Incorporated; Dale F. Johnson; William R. Atwood, Jr. Dallas, Texas Richard H. Elliott, Esq. James J. Fontanilla, Esq. securities fraud; common law fraud; unsuitable transaction recommendations and purchase; broker negligence; breach of contract; breach of fiduciary duty; violations of FINRA Rules of Conduct; failure to supervise Eaton Vance Limited Duration Fund; Highland Credit Strategies Fund; Nuveen Premium Income Municipal Fund, Inc.; Van Kampen Advisors Municipal Income Fund $171,654.00 (actual/compensatory); $100,000.00 (exemplary/punitive) n/a interest; attorneys’ fees ($60,000.00); other costs Lawrence R. Maxwell, Jr. (P) Sherrie R. Abney, J.D. (P); W. Scott Newmann, Jr. (NP) Mixed
09-04602 8/3/2009 12/14/2010 Claims settled Paul J. Panagios; Konstantina C. Panagios; Pauline Chilakis Charles Schwab & Co., Inc.; Kimon Daifotis New York, New York Paul J. Panagios Michele R. Fron, Esq. misrepresentation; omission of facts; breach of fiduciary duty; unsuitability; negligence; manipulation YieldPlus Select Fund $99,999.00 (compensatory) n/a interest; attorneys’ fees; costs Keely D. Parr (P) n/a Public
09-04669 8/4/2009 1/21/2011 In favor of Claimant Thomas L. Lewellen, individually and as TTEE of Thomas L. Lewellen Do PA dtd 10/1/80; Vida Faye Hill; Thomas Lewellen and Mary Lewellen c/f Matthew Lewellen UGMA/AR Morgan Keegan & Company Inc. Little Rock, Arkansas Mark E. Maddox, Esq. Donald F. Winningham, III, Esq.; Bradley Rounsaville, Esq. violation of the Arkansas Securities Act; violation of the Tennessee Consumer Protection Act of 1977; common law fraud and constructive fraud; breach of fiduciary duty; breach of contract; negligence and breach of duty; failure to supervise; respondeat superior FBOP Capital Trust II; Regions Morgen Keegan Advantage Income Fund; Regions Morgan Keegan Select High Income Fund; Regions Morgan Keegan Select Intermediate Bond Fund; Regions Morgan Keegan Multi-Sector High income Fund; Regions Morgan Keegan High Income Fund $811,000.00 (compensatory) $100,000.00 (compensatory); interest (6% per annum) attorneys’ fees and costs; lost opportunity or well-managed damages; interest; disgorgement of commissions; FINRA fees; expert witness fees; punitive damages; other relief Benjamin F. Richards (P) Veera V. Konka (P); Casey John Whalley (NP) Mixed
09-04731 8/6/2009 1/25/2011 In favor of Claimant Hildur M. French The Securities Center, Inc.; James Biddle Los Angeles, California Jonathan Schwartz, Esq. Karen A. Batcher, Esq. breach of fiduciary duty; breach of written agreement; failure to supervise unnamed equity investments $200,000.00 (compensatory) $34,643.00 (compensatory); cost ($400.00) lost opportunity costs; cost of proceedings; unspecified punitive damages; interest; attorneys’ fees and costs; rescission; other relief Michael R. Mitchell (P) Harris J. Howard (P); Jon A. Bostrom (NP) Mixed
09-04866 8/17/2009 1/7/2011 Claims settled Patrick J. Rohan Trust U/A dated 9/19/1991; Patrick J. Rohan and Diane E. Rohan Trust U/A dated 5/3/1999; Patrick J. Rohan Pension plan U/A dated 03/1/1997; Patrick J. Rohan, inc.; Diance E. Rohan Profit Sharing Plan U/A dated 12/15/1999 Charles Schwab & Co., Inc.; Kimon P. Daifotis San Diego, California Christopher T. Vernon, Esq.; Thomas F. Shine, Esq.; Thomas D. Mauriello, Esq. Stephen Young, Esq. negligence; fraud and deceit; breach of fiduciary duty; unsuitability; breach of contract; violation of California Corporations Code sections 25401 and 25501 YieldPlus Fund; California Tax-Free YieldPlus Fund $340,237.98 (compensatory) n/a rescission; interest; filing fee and hearing session deposit ($1,425.00); arbitration costs; reasonable attorneys’ fees; unspecified exemplary or punitive damages; other relief James J. Dobbin (P) Doris V. Knotter (P); Nils Stephen Sandberg (NP) Mixed
09-05246 9/9/2009 1/7/2011 In favor of Claimant FTB, LLC; GC&KB Investments, Inc. Morgan Stanley Smith Barney New Orleans, Louisianna Stephen D. Marx, Esq.; Brandon L. Bennett, Esq. Thomas A. Roberts, Esq.; Heather McArthur, Esq. negligence Legg Mason mutual funds $105,000.00 (compensatory) $85,507.00 (compensatory) n/a Robert H. Putnam (P) Mario Alberto Arteaga, Jr. (P); Frederick S. Duncan (NP) Mixed
09-05393 9/16/2009 1/15/2011 Claims settled Paul Chaplin; Karen Chaplin; Wayne Chaplin; Arlene Chaplin Citigroup Global Markets, Inc. Miami, Florida Scott M. Dimond, Esq. Alex J. Sabo, Esq. failure to treat Claimants in a just and equitable manner; negligence; gross negligence; negligent misrepresentation; negligent supervision; omissions; fraud and fraudulent misrepresentation; breach of fiduciary duty; breach of contract Series MAT three 2006-1 of the National portfolio of MAT Three LLC $1,000,000.00 (compensatory); $3,000,000.00 (punitive) n/a rescission; interest; other relief David M. Levine (P) Kevin A. Llinas (P); Bart Samuel Cohodas (NP) Mixed
09-05421 9/16/2009 1/28/2011 In favor of Claimant Randall Fausak Morgan Keegan & Co., Inc. New Orleans, Louisianna Adam J. Gana, Esq. G. Wayne Hillis, Jr., Esq.; Nancy Baughan, Esq. violation of FINRA rules; violation of state and federal securities laws, including Section 10(b) and 10b-5 of the Securities Act of 1933; breach of fiduciary duties; violation of duty of fair dealing; failure to supervise Claimant’s account; violation of the Tennessee Consumer Protection Act RMK Multi-Sector High Income Fund $259,510.22 (compensatory) $107,100.00 (compensatory); filing fee ($375.00) interest; costs; unspecified punititve damages; treble damages; attorneys’ fees; expert witness fees; other relief Richard Kaplan (P) Demetrio Timban (P); Kinchen Bizzell (NP) Mixed
09-05897 10/13/2009 1/1/2011 Claims settled Mary D. Calzat, individually, as Trustee for the Mary D. Calzat IRA and as Trustee of the Calzat Family Trust, DTD 11/25/98 QA3 Financial Corp.; Gregory Paul Bolton; Stephen Kent Wild; Thomas Gerard Zielinski; Kenneth Arthur Parker Las Vegas, Nevada David S. Harrison, Esq. Victoria H. Butler, Esq.; pro se (Kenneth Arthur Parker) wrongful conduct; breach fo fiduciary duty; negligence; breach of written contract; failure to supervise and control; violation of state and federal securities laws; violation of FINRA rules of fair practice and NYSE rules Medical Capital Holdings, Inland Western Retail Real Estate Trust, Inc.; Inland American Real Estate Trust, Inc. $255,500.00 (compensatory) n/a lost opportunity cost; rescission; cost of proceedings; unspecified punitive damages; interest; attorney’s fees and costs; other relief Katherine M. Harmeyer (P) Douglas Edwards (P); Merrill Dean Taylor (NP) Mixed
09-05925 10/14/2009 1/17/2011 Claims settled Thomas Matchner Uvest Financial Services Group, Inc.; Mark Andrew Sibert; M-Cubed Consulting, LLC San Diego, California Eric J. Benick, Esq.; Mary K. Wyman, Esq. Sara B. Davis, Esq.; Mark Sibert breach of contract; suitability; negligence; breach of fiduciary duty; negligent misrepresentation; violation of California Corporations Code Sections 25401 and 25110; conversion; common law fraud; constructive fraud promissory note $72,300.00 (compensatory) $40,000.00 (compensatory) interest; rescission; punitive damages; costs Harvey C. Flodin (P) n/a Public
09-05976 10/19/2009 1/24/2010 Claims denied Teresa Garcia-Fernandez Citigroup Global Markets, Inc.; Raquel Gonzalez Font a/k/a Raquel Gonzalez Chavez San Juan, Puerto Rico Yuri J. Valenzuela, Esq. Jason Haselkorn, Esq. breach of fiduciary duty; unauthorized trading; churning; unsuitability; gross negligence; misrepresentation; failure to supervise; fraud Popular High Grade Fixed Income Fund; Eaton Vance Tax Advantage Global Dividend Income Fund; Eaton Vance Tax Managed Buy Write Income Fund; Van Kampen Senior Income Fund; Western Global High Income Fund $28,000.00 (compensatory) n/a unspecified consequential damages; unspecified exemplary and punitive damages; statutory damages; attorneys’ fees; expert witness fees; costs; other relief Steven N. Ainbinder (P) n/a Public
09-06153 10/22/2009 12/29/2010 In favor of Claimant Lawrence R. Gilmore Michael G. Eathome; Capital Financial Services, Inc.; Scott T. Brandt; Lighthouse Capital Corporation; Provident Asset Management, LLC; Brendan W. Coughlin; Henry D. Harrison Denver, Colorado Thomas D. Birge, Esq. Kevin E. O’Brien, Esq.; David A. Baugh, Esq.; pro se (Scott T. Brandt); Alvin L. Fishman, Esq.; Brendan Coughlin; John H. Carney, Esq. sale of unregistered securities; suitability and fraud; breach of fiduciary duty Provident Shale Royalties 18, Inc.; Diversified Lending Group, Inc. $106,024.68 (compensatory) $106,024.68 (compensatory); interest (8% per annum); attorney’s fees ($35,341.56) fees Steven Meyrich (P) J. Robert Brown, Jr. (P); Joseph M. Costello (NP) Mixed
09-06155 10/23/1009 1/14/2011 Claims denied John A. Winter and Margie M. Winter Joint Account; John A. Winter IRA; John A. Winter 401K Plan; Margie M. Winter IRA Robert W. Baird & Company, Inc.; Thomas G. Waldkirch Milwaukee, Wisconsin Paul R. Erickson, Esq. Gregory G. Wille, Esq. failure to supervise; negligence; failure to execute; suitability; breach of fiduciary duty; misrepresentations stocks $377,710.00 (actual/compensatory) n/a n/a Terry F. Peppard (P) James P. O’Donnell (P); Donald V. Anderson (NP) Mixed
09-06444 11/11/2009 1/18/2011 In favor of Claimant Patricia M. Casson; Brian J. Casson Community Bankers Securities, LLC; Thomas B. Miller; Nicholas Dean Skaltsounis; James Marvin Mitchell; John Brady Guyette Denver, Colorado Miles M. Gersh. Esq. Steven S. Bliss, Esq.; Jeffrey J. Scott, Esq.; pro se (James Marvin Mitchell); pro se ( John Brady Guyette); pro se (Nicholas Dean Skaltsounis) unsuitability; negligence; misrepresentation; concealment; breach of fiduciary duty; other wrongful conduct Medical Provider Funding Corporation VI $600,000.00 (compensatory) $712,000.00 (compensatory); attorneys’ fees ($40,000.00); interest (8% per annum); sanctions ($10,000.00) interest (8% per annum); attorneys’ fees and costs; treble damages; rescission Bradford J. Lam (P) Marc H. Schtul (P); James J. Moylan (NP) Mixed
10-00243 1/15/2010 1/27/2011 Claims settled Michael L. Patnode E*Trade Securities LLC; Jerry P. Anderson San Francisco, California Robert V. Cornish, Jr., Esq. John Bersin, Esq. failure to supervise; violation of rules regarding guarantees against losses; unsuitable trading/recommendations; breach of contract; fraud/aiding and abetting; unjust enrichment; negligence PIMCO Corporate Opportunity Auction Rate Securities $25,000.00 (compensatory); $75,000.00 (punitive) n/a Recission; attorneys’ fees; interest; costs Linda M. McCoy (P) n/a Public
10-00490 1/27/2010 1/25/2011 Claims dismissed Vahik Minaiyan Citigroup Global Markets, Inc.; Michael Joseph Mildon; Lena Thomas; Richard Al McKusick Los Angeles, California Vahik Minaiyan Jason R. Linsay, Esq.; Christina Z. Foster, Esq. failure to execute; mishandling of investment objective; negligence; intentional fraud TRAK Money Market $21,670.67 (actual); $10,000.00 (punitive) n/a Interest ($3,000.00) Robert D. Sussin (P) n/a Public
10-00536 2/1/2010 1/7/2011 In favor of Claimant Ivan Sleight; Hazel M. Sleight Centaurus Financial, Inc. Portland, Oregon Joel A. Goodman, Esq. Christopher B. Wells, Esq. violation of Federal Security Law; violation of Idaho Security Law; violation of Washington Security Law; violation of the Washington Consumer Protection Act; breach of contract; common law fraud; breach of fiduciary duty; negligence; gross negligence; failure to supervise n/a $435,000.00 (compensatory) $163,549.07 (compensatory); attorneys’ fees ($46,936.75); interest 5.375% per annum) benefit of bargain damages; lost opportunity costs; model portfolio damages; interest; costs; reasonable attorneys’ fees; unspecified punitive damages; other relief Paul R. Meyer (P) James E. Bartels (P); Joseph L. Mangan (NP) Mixed
10-00558 2/19/2010 1/13/2011 Claims denied Antoinette S. Guenther; Antoinette S. Guenther Revocable Trust B.C. Ziegler and Company; RBC Dain Rauscher Inc. a/k/a RBC Capital Markets Corporation; Richard A. Schilffarth, Sr. Milwaukee, Wisconsin Richard J. Gerace, Esq. Matthew J. Flynn, Esq.; Jonathan W. Hackbarth, Esq.; Carolyn Guy, Esq.; Nancy L. Hendrickson, Esq. securities fraud; fraudulent misrepresentation; lack of supervision; lack of suitibility; breach of fiduciary duty; aiding and abetting breach of fiduciary duty; breach of contract; violation of Rules 10b-5; respondeat superior; vicarious liability unspecified securities $250,000.00 (actual/compensatory) n/a unspecified exemplary/punitive damages; attorneys’ fees; other costs ($20,000.00) Terry F. Peppard (P) James P. O’Donnell (P); Donald V. Anderson (NP) Mixed
10-00640 2/9/2010 1/19/2011 In favor of Claimant Lawrence Ngou DeWaay Financial Network, LLC; Lawrence Michael Labine a/k/a Larry Labine Los Angeles, California Peter Brown Dolan, Esq. Sam Y. Edgerton III, Esq.; Alan S. Baskin, Esq. breach of fiduciary duty; suitability; failure to supervise; negligence; common law fraud; violation of California Corporations Code § 25401; violation of California Welfare & Institutions Code § 15600 et seq. (The California Elder Abuse and Dependant Adult Civil Protection Act) and California Civil Code § 3345 Amgen, Inc.; Agrium Inc. Corp.; Community Bancorp; Visa Inc. stock; AIG SunAmerica Life Assurance Seasons Select II annuity; Perching Government Account money market shares $398,000.00 (compensatory) $100,000.00 (compensatory) consequential damages ($100,000.00); emotional distress ($100,000.00); costs and expenses; unspecified punitive and exemplary damages; interest (10% per annum); other relief Thomas A. Culbertson (P) W. Alex King (P); Vaughn Thomas Hale, CFP (NP) Mixed
10-00883 2/24/2010 1/13/2011 In favor of Claimant John D. Bartolomeo Christopher Fenton; M&T Securities, Inc. Albany, New York John Doar, Esq. Catherine Grantier Cooley, Esq. breach of contract; failure to supervise; negligence; misrepresentations; omission of facts; suitability; breach of fiduciary duty M&T Securities Portfolio Architect Account; Rochester Fund Municipals $94,650.00 (compensatory); $25,000.00 (punitive) $30,000.00 (compensatory); interest (9% per annum); filing fee ($300.00) interest; costs; FINRA fees; attorneys’ fees; witness and production costs; other fees Edward Morris (P) Jeffrey Stockholm (P); Robert Allen (NP) Mixed
10-01168 3/10/2010 1/19/2011 Claims settled Roebrt Craig Reynolds, Infividually and as Trustee of the Reynolds Living Trust U/A 6/14/03; Susan H. Pitsch Reynolds, Individually and as Trustee of the Reynolds Living Trust U/A 6/14/03 and as Trustee of the 403-Bplan FBO Susan H. Pitsch-Reynolds Sagepoint Financial, Inc. Los Angeles, California Robert A. Uhl, Esq. Robert B. Ericson, Esq. wrongful conduct; breach of fiduciary duty; breach of written contract; fraud by misrepresentation and omission; financial abuse; failure to supervise and control; violation of state and federal securities laws; violation of FINRA rules of Fair Practice; violation of NYSE rules Oppenheimer Champion Income Fund C $188,530.00 (compensatory) n/a Rescission; lost opportunity costs; attorneys’ fees and costs; interest; unspecified punitive damages; other relief Mary M. O’Neil (P) Ralph B. Perry, III (P); Christopher William Shaw (NP) Mixed
10-01182 3/9/2010 1/28/2011 Claims denied Howard M. Semones Edward Jones; Paul J. Curran Richmond, Virginia Kevin W. Holt, Esq. Dennis J. Capriglione failure to supervise; churning; negligence; suitability unspecified securities $125,454.79 (compensatory) n/a n/a Jane C. Carney (P) n/a Public
10-01534 3/29/2010 11/5/2011 In favor of Claimant Connie L. Janousek Citigroup Global Markets, Inc.; Chris Ayer Milwaukee, Wisconsin Richard L. Bolton, Esq. Adam Kauff, Esq.; Kenneth J. Haim, Esq. suitabilty; churning; unauthorized trading unspecified, aggressive, long-term positions $150,000.00 (actual/compensatory); $50,000.00 (exemplary/punitive) $36,775.00 (compensatory); forum fees attorneys’ fees; other costs; other relief Gary L. Grolle (P) P. J. Boylan (P); Roy C. George (NP) Mixed
10-01639 4/5/2010 1/7/2011 In favor of Claimant Willard J. Friedman on behalf of the Willard J. Friedman IRA and the Willard J. Friedman, SEP IRA Brewer Financial Services, LLP Boca Raton, Florida Gregory S. Tendrich, Esq. Adam Erickson violation of common law fraud; breach of fiduciary duty; negligent failure to supervise; negligence UFP Technologies, Inc.; WSI Industries, Inc.; Renesola Ltd. Spns Adr; Alcoa; Sirius Satellite Radio, Inc. $87,448.30 (actual); $75,000.00 (punitive) $87,448.30 (actual); sanctions ($1,125.00); $75,000.00 (punitive); interest ($31,824.77); costs ($2,478.62); filing fee ($300.00) interest; costs; expenses; disbursements; expert witness fees; other relief Roy B. Gonas (P) n/a Public
10-02327 5/11/2010 1/19/2011 Claims denied Richard Y. Cain Wachovia Securities LLC; Paul Ross n/a pro se Judy Louie, Esq. fraud ING variable annuity $20,000.00 n/a n/a Langfred W. White (P) n/a Public
10-02724 6/10/2010 1/19/2011 Claims denied Jawaid Murtaza Charles Schwab & Co., Inc. Los Angeles, California Jawaid Murtaza Sean B. Meehan, Esq. unauthorized liquidation of securities to cover margin requirements unspecificed securities $38,500.00 (actual); $50,000.00 (punitive) n/a n/a Elliott Finkel (P) n/a Public
10-02738 6/10/2010 1/9/2012 In favor of Claimant Zane Gubman and Karen Gubman, as Co-Trustees of the Gubman Revocable Trust, and as Co-Trustees of the Sidney Cohn Life Insurance Trust The GMS Group, LLC Boca Raton, Florida Stefan M. Apotheker, Esq.; Jeffrey Erez, Esq. John E. Jenkins, Esq. breach of fiduciary duty; negligence; negligent supervision; fraud; breach of contract Main Street Natural Gas, Inc. Gas Project Revenue Bonds, Series 2008A; Washington Mutual 4% Notes $50,000.00-$100,000.00 (compensatory) $55,231.82 (compensatory); interest (14,634.11) interest; costs; unspecified punitive damages; other relief Alyson R. Dachelet (P) n/a Public
10-02986 6/25/2010 1/13/2011 In favor of Claimant Mary P. Cascio National Planning Corporation; Eric Bond n/a pro se Chad Weaver. Esq. misrepresentation; suitability; assessment of CDSC fees mutual funds; AXA variable anuity $4,720.00 $4,720.00 n/a Robert F. Saint-Aubin (P) n/a Public
10-03116 7/2/2010 1/11/2011 Claims denied Barbara F. Raitzky Securities America, Inc.; Richard Hoffman n/a pro se Kelly R. Davis, Esq.; pro se (Richard Hoffman) unsuitable investments American Funds mutual funds $8,281.27 costs ($162.50) costs Michael P. Marryshow (P) n/a Public
10-03356 7/26/2010 1/19/2011 Claims denied Gerald Krovatin; Anna Quindlen TD Ameritrade Clearing, Inc. n/a Gerald Krovatin Hollie M. Mason, Esq. order not executed at the quoted price SRDR Nuveen Barclays Capital NY Municipal Bonds $5,850.00 Costs ($162.50) Costs ($325.00) David S. Paul (P) n/a Public
08-03114 9/2/2008 2/24/2011 In favor or claimant Howard D. Coleman, individually and as trustee of The Coleman Family Trust U/T/A 1/18/1992 and Rhoda B. Coleman, individually and as trustee of The Coleman Family Trust U/T/A 1/18/1992 Citigroup Global Markets Inc. Los Angeles, California Philip A. Aidikoff, Esq.; Steven B. Caruso, Esq. Elizabeth H. Lindh, Esq. breach of fiduciary duty; breach of written contract; constructive fraud; acts and omissions in violation of FINRA, NASD, and NYSE Rules; suitability; failure to supervise and secondary liability; respondeat superior California tax free municipal bond fund – MatFive LLC Series ASTA Five 2007 1-CA $400,000 compensatory; lost opportunity costs; fees, commissions, or other remuneration paid; cost of proceedings; punitive damages; interest; attorneys’ fees and costs; rescission; other equitable relief $230,667 N/A/ Thanayi J. Lindsey Mary M. O’Neil; Jeffrey E. Skogsbergh Mixed
08-03266 9/12/2008 2/9/2011 In favor or claimant Edward W. Karrels Morgan Keegan & Co., Inc. Nashville, TN H. Naill Falls, Jr., Esq. David A. King, Esq. and Wendy M. Warren, Esq. recommendation of unsuitable transactions; failure to disclose material facts; reckless and negligent advice; breach of fiduciary duties; violation of state and federal securities laws; violation of the Tennessee Consumer Protection Act; violation of the common law of Tennessee. Regions Morgan Keegan Select Intermediate Fund $1,356,562 compensatory; costs of $18,500; attorneys’ fees equal to one-third of the compensatory damages awarded; interest; punitive damages; other equitable relief $283,708 compensatory; $70,927 attorneys’ fees; $18,500 costs N/A Kendall P. Hill Kenneth M. Jackson; Lovella L. Richardson, Ed. D Mixed
08-03399 9/16/2008 2/28/2011 Sandra K. Johnson Andrew Garrett Inc.; David Scaffe; Andrew Garrett Sycoff Columbia, South Carolina Sarah G. Anderson, Esq., Christopher Staubes, Esq. Garrett Inc. and Sycoff – Barry M. Bordetsky, Esq.; Scaffe – Pro Se. unsuitability; common law fraud; churning; negligence and recklessness; breach of fiduciary duty; breach of contract; respondeat superior; failure to supervise; violation of the South Carolina Securities Act unspecified actual damages but not less than $200,000; return of all commissions, fees and margin interest paid; punitive damages in an amount not less than $200,000; costs; rescission; attorneys’ fees; interest; forum fees; other equitable relief $0 N/A Chase Boone Saunders Donald G. Kennedy; Robert M. Seward Mixed
08-03821 10/16/2008 2/9/2011 In favor or claimants Angela C. Kamahi; Isaac Kamahi Banc of America Investment Services, Inc.; Matthew Beard Lord San Diego, California G. Mark Brewer, Esq.; Dan Carlson, Esq. Casey L. Moore, Esq.; Stephen M. Dollar, Esq. negligence- breach of fiduciary duty; negligence- breach of suitability; negligence- misrepresentation; intentional misrepresentation; negligence – failure to supervise; breach of contract AXA Equitable Accumulator Elite Annuities actual, consequential, and incidental losses; exemplary and punitive damages; costs; attorneys’ fees; other equitable relief $35,000 compensatory from BAI; $15,000 compensatory from Lord N/A Nancy J. Spieczny Vytas Albert Tarulls; Cynthia B. Stone Mixed
08-04394 11/21/2008 2/21/2011 Claims Denied Marvin Levin; Stefani Levin Lehman Brothers, Inc.; Barclays Capital, Inc.; Ralph C. Wileczek; David Ian Kay; Jennifer M. Lee; Scott Taylor Sheffer; Third Party Respondents: Frank Leroy Couison, III; James Boothby; Jennifer M. Lee; Barclays Capital, Inc. Philadelphia, Pennsylvania Deborah R. Gross, Esq., Law Offices of Bernard M. Gross, P.C., Philadelphia, P A Lehman – Sarah Loomis Cave, Esq.; Wileczek – William Tobolsky, Esq.; Kay – Paula D. Shaffner, Esq.; Sheffer – David G. Russell, Esq.; Barclays – Hamish P .M. Hume, Esq.; Lee – No appearance; Coulson – No appearance; Boothby – No appearance unsuitability; negligent misrepresentation; failure to supervise; breach of fiduciary duty; breach of contract Lehman Brothers Holdings Inc. Notes $1,000,000 compensatory; interest; costs; attorneys’ fees $0 N/A Edward Blumstein Kathleen Daerr-Bannon; Robert Ratti Mixed
08-04427 11/19/2008 2/18/2011 In favor of Claiment TGS-NOPEC Geophysical Company Merrill Lynch, Pierce, Fenner & Smith, Inc. Houston, Texas Todd A. Higgins, Esq. Timothy P. Burke, Esq. breach of fiduciary duty; suitability; misrepresentations; omissions; breach of contract; violations of the NYSE and FINRA rules of fair practice; violations of the Securities Exchange Act; violations of the Texas Securities Act Auction Rate Securities and Auction Rate Preferred Shares $64,550,000 compensatory; exemplary/punitive; interest; attorneys’ fees; other costs $525,000 compensatory; plus 5% interest; forum fees N/A Larry J. Craddock Arno C. Schwethelm; Martin Epner Public
08-04466 11/26/2008 2/3/2011 In favor of Claiments D. Theodore Berghorst; Berghorst Snowbird LLC; Berghorst 1998 Dynastic Trust, Deborah H. Berghorst, as Trustee of the Berghorst 1998 Dynastic Trust; Vector Managed Holdings, L.L.C. Citigroup Global Markets, Inc. (d/b/a Smith Barney); Citigroup Alternative Investments LLC Boca Raton, FL Jonathan L. Hochman, Esq.; Daniel E. Shaw, Esq. Brian Amery, Esq.; Alex J. Sabo, Esq.; Matthew Plant, Esq. fraud; fraudulent misrepresentations; negligent misrepresentation; breach of fiduciary duty; negligence; breach of contract; violation of the Florida Securities and Investor Protection Act; violation of Section 10(b) of the Exchange Act and Rule 10b-5 promulgated thereunder; violation of Section 20(a) of the Exchange Act MAT Two LLC, MAT Three LLC and MAT Five LLC funds $12,000,000 compensatory; costs; attorneys’ fees; rescission; other equitable relief $6,379,021 N/A Guy K. Stewart, Jr. Eugene Michael Kennedy; Mark Sidell Mixed
08-04482 11/26/2008 2/3/2011 Claims settled Elizabeth Schaper IRA; Estate of Ethel Schaper; Ethel Schaper Charitable Trust; Douglas Schaper Trust; Elizabeth Schaper; Estate of Armin Schaper Paul John Olivo; Anthony John D’Aquila, Jr; Citigroup Global Markets, Inc. New York, New York Jill C. Owens, Esq. William D. Briendel, Esq. failure to execute trade instructions; misrepresentations; non-disclosures; omission of facts; failure to supervise RMUNX, OIDAX, and OREAX Funds $1,025,486 compensatory; $20,000 punitive; $41,919.44 interest; $1,800 costs; attorneys’ fees; costs; other monetary relief $0 N/A James S. Hazard Joshua M. Zucker; Richard S. Peskin Mixed
08-04956 11/22/2008 2/1/2011 In favor of Claimants D. Ward Haarbauer; Cecil L. Wyatt; Nellie J. Wyatt; Walton Miller Morgan Keegan & Company Inc.; James C. Keisoe, Jr. Birmingham, Alabama Adam J. Gana, Esq. Robert M. Brennan, Esq. breach of fiduciary duty; breach of the implied covenant of good faith and fair dealing; material omission of fact; unsuitability; negligent supervision; professional negligence; breach of contract; over-concentration; violation of §11, §12(a)(2) and §15 of the Securities Act of 1933; violation of § 34(b) of the Investment Company Act; fraud Morgan Keegan Bond Funds including Regions Morgan Keegan Advantage Income Fund, Regions Morgan Keegan Strategic Income Fund, Regions Morgan Keegan Select High Income Fund, Regions Morgan Keegan Select High Income Fund A, and Regions Morgan Keegan Select Intennediate Bond Fund A $219,791 compensatory damages; $333,015 rescissionary damages; $302,729 punitive/treble damages; lost interest; interest; attorneys’ fees; costs; expert witness fees, costs, expenses; other equitable relief $210,000; plus 6% interest; $375 filing fee N/A Lynne M. Gomez David F. Barret;t M. Eileen Dorsey Mixed
09-00137 1/7/2009 1/28/2011 In favor pf Claimants Wayne Welsher and Patsy Welsher; Robert Maughan; Raymond Gaskins, Jr. and Carolyn Gaskins; P.W. Jessup and Martha Jessup Raymond James & Associates, Inc. Raleigh, North Carolina For Welsher, Maughan, and Jessup – Kenneth R. Shemin, Esq.; For Gaskins – H. Mitchell Baker, III, Esq. and M. Troy Slaughter, Esq. Robert M. Rudnicki professional negligence; breach of fiduciary duty; unsuitability; negligent failure to supervise stock investments in two car dealerships, Williamson Mazda and Wallace Friendly Ford excess of $4,200,000 compensatory; costs; attorneys’ fees; other equitable relief $1,000,000 ($250,000 to each Claimant) N/A Richard Miley John Barlow; Michael Weisel Mixed
09-02029 4/10/2009 1/25/2011 Claims Denied Richard L. Brown; Karen Lee Midyet; Trustee for the Sarah Brown; David Brown Trusts Bruce Pomerantz; Charles Merwin; Wachovia Securities, LLC Newark, New Jersey Donald Liberman, Esq. Merwin and Wachovia – Richard C. Szuch and Brian J. Ellis, Esq.; Pomerantz – Robert A.W. Boraks, Esq. negligence; suitability and unsuitability; failure to supervise unspecified securities $330,000 compensatory; cancellation of mutual fund transactions and stock purchases; reimbursement of choice management fees; filing fees; costs; forum charges; other equitable relief $0 N/A Louis H. Miron Craig Scott Bartlett, Jr.; John F Shine Mixed
09-02727 5/12/2009 2/25/2011 Claims Denied Ronald Woolworth Merrill Lynch, Pierce, Fenner & Smith Incorporated; Merrill Lynch Private Finance, Inc.; Merrill Lynch Bank USA Seattle, Washington Randy J. Aliment, Esq. Kenneth C. Mennemeier, Esq. breach of contract; breach of fiduciary duty; detrimental reliance/equitable estoppel; negligence/negligent misrepresentation/broker malpractice; negligent misrepresentation sale of 156,000 shares of Wyndham Worldwide Corp. and 30,000 shares of Key Corporation due to a margin call on Claimant’s accounts $3,630,000 compensatory; forum fees; interest; attorneys’ fees; costs; other equitable relief $0 N/A Robert M. Stein Sally Phillips Pasette; Clarence F. Roed Mixed
09-03471 6/4/2009 2/14/2011 In favor of Claimant Steve R. Fraser Wachovia Securities, LLC Los Angeles, California John Gulino, Esq. Judy Louie, Esq. negligence; failure to disclose tax liability created due to the transfer of an IRA $39,247 compensatory; interest; costs $25,000 N/A Robert E. Jenks N/A Public
09-03803 6/22/2009 2/22/2011 In favor of Claimants Gilbert W. Lee; Gilbert W. Lee, Trustee of the Lee Family Trust A.G. Edwards & Sons, Inc.; Wachovia Securities, LLC; Bart A. Martinez; William R. Lilliott, III San Diego, California Marc D. Mabile, Esq. Judy Louie, Esq. breach of fiduciary duty – failure to execute order; vicarious liability; respondeat superior; control person liability; failure to supervise unspecified securities $86,213.15 compensatory; interest; attorneys’ fees; costs; other equitable relief $32,304.91 compensatory; plus 10% interest; $2,000 expert fees N/A Guenter S. Cohn N/A Public
09-03872 6/22/2009 2/15/2011 In favor of Claimants Magaly B. Thrasher; Jerold & Magaly Thrasher Trust; Sean R. Bums UTMA/CA Morgan Stanley & Co. Inc.; Morgan Stanley Smith Barney; Bruce Edward Hallenbeck Los Angeles. California Jonathan W. Evans, Esq.; Michael S. Edmiston, Esq. Anthony L. Valenzuela, Esq. negligence; suitability; misrepresentation and fraud; breach of fiduciary duty; violation of California State Securities laws and regulations; failure to supervise Claimants’ accounts; failure to supervise a registered representative; violation of FINRA Rules of Fair Practice; breach of contract; loss of investment opportunity high-yield closed-end funds $369,669.31 compensatory; commissions and management fees; lost opportunity returns; interest at rate of 10%; punitive damages; costs; $9,675 expert fees; attorneys’ fees; other equitable relief $105,000 N/A Barbara M. Zak Elizabeth A. Copley; Robert Bruce MacDonald Mixed
09-04009 7/6/2009 2/18/2011 King Credit Shelter Trust, Edwin King, Trustee; Bypass Trust of the Allderdice 1990 Living Trust DTD 9/5/01, Charlene Allderdice, Trustee UBS Financial Services, Inc. Los Angeles, California Jonathan W. Evans, Esq. Kathleen S. Adams, Esq. breach of fiduciary duty; breach of contract; negligent misrepresentation; failure to supervise; violation of securities law Fannie Mae Preferred Stock $125,000 compensatory; interest; cost; other equitable relief $0 N/A Kenneth E. Owen Thomas W. Gregory; Karen A. Lockwood Mixed
09-04417 7/23/2009 2/10/2011 In favot of claimant Samantha Sampson, individually and as trustee and beneficiary of the Samantha Arlene Sampson Revocable Living Trust The GMS Group, LLC Miami, Florida Stefan M. Apotheker, Esq. John Jenkins, Esq. breach of fiduciary duty; negligence; negligent supervision; fraud; breach of contract; violation of the Florida Securities and Investor Protection Act bonds including General Motors and Main Street Natural Gas, Inc. $500,000 compensatory; rescission; interest; punitive damages; attorneys’ fees; costs; other equitable relief $35,000; plus 7% interest; $300 filing fee N/A Mark F. Raymond Barth Satuloff; Andrew David Kahng Mixed
09-04638 8/5/2009 2/9/2011 In favor of claimant Louis E. Liles Morgan Keegan & Company, inc. Houston, Texas James A. Dunlap, Jr., Esq. John-David Thomas, Esq.; Samuel Felker, Esq. breach of fiduciary duty; misrepresentation and failure to disclose material facts; constructive fraud; breach of contract; common law fraud; negligence; respondeat superior; negligent supervision; violation of federal securities laws; violation of Texas Securities Act; violation of NASD and NYSE Rules RMK Multi-Sector High Income Fund $183,000 compensatory; exemplary/punitive damages; interest; attorneys’ fees; other costs; other monetary relief $66,741; $5,000 costs; $9,250 expert witness fees; $300 filing fee N/A Charles E. Munson, Jr., J.D. Bertrand C. Moser; Peter Benz Dickens Mixed
09-04996 8/19/2009 2/18/2011 Claims Denied Sidney Small RBC Wealth Management n/k/a RBC Capital Markets, LLC; Timothy David Disparte Chicago, Illinois Michael Huberman, Esq.; Seth Huberman, Esq. For RBC – Frank A. Taylor, Esq., Jessica J. Stomski, Esq., Carolyn Guy, Esq.; For Disparte – Kevin S. Besetzny, Esq. violation of the Illinois Securities Act and Illinois Consumer Fraud and Deceptive Practices Act; breach of fiduciary duty; common law fraud and constructive fraud; breach of contract; negligence; failure to supervise; respondeat superior options; Viacom shares $700,000 compensatory; exemplary/punitive damages; interest; attorneys’ fees; costs; other monetary relief $0 N/A Jeffrey W. Finke Timothy M. Feeney; Brian E. Slotky Mixed
09-05078 8/26/2009 2/7/2011 Claim Dismissed Sharon L. Hewett Park Avenue Securities, LLC New Orleans, Louisiana Michael J. Rudicell, Esq. George D. Fagan, Esq. breach of fiduciary duty; negligent misrepresentations; fraud; violation of Blue Sky laws Guardian Variable Annuity and Guardian Whole Life Insurance Policy $55,075 compensatory; punitive; interest; costs; attorneys’ fees; other equitable relief $0 Claimant is liable and shall pay to Respondent sanctions in the sum of $500.00 Allen J. Krouse, III N/A Public
09-05210 9/3/2009 2/10/2011 Patricia M. Schluter, Individually Wells Fargo Advisors, LLC f/k/a; Wachovia Securities, LLC; Carlos Gonzalez Boca Raton, Florida Bradford M. Gucciardo, Esq. Keith Olin, Esq. common law fraud; breach of fiduciary duty; negligence (gross negligence); breach of contract The Best of America Future Venue Annuity; Evergreen Asset Allocation mutual fund $400,000 compensatory; $1,200,000 punitive; interest; attorneys’ fees; costs; other equitable relief $0 N/A Mark Perry David Gerber; Ronald Summers Mixed
09-05276 9/10/2009 2/1/2011 In favor of claimant Lewis Kivo Oppenheimer & Co., Inc.; Michael Alan Lesser New York, New York Louis F. Burke, Esq. William E. Mahoney, Jr., Esq. fraud and deceit; negligence; breach of fiduciary duty; breach of contract; failure to supervise; failure to follow instructions; negligent misrepresentation; unsuitability Exxon Mobil Corp., Freeport-McMoran Cooper & Gold, IHaliiburton Co., Knight Capital Group, Inc., Schlumberger Ltd., Microsoft, PCX, Verizon, Vodafone and Comcastand Valero Energy Corp. stocks, and PCX and SLB options $4,341,433.65 compensatory; punitive damages; interest; attorneys’ fees; costs; other equitable relief $40,000; plus 9% interest; $600 filing fee N/A Robert Youdelman Myma E. DeJesus; Kinchen C. Bizzell, CFA Mixed
09-05487 9/18/2009 2/7/2011 Claim Settled Doreen A. Solazzo Merrill, Lynch, Pierce, Fenner & Smith, Inc. Newark, New Jersey George L. Mahr, III, Esq. Barry S. Gold, Esq. unsuitability; misrepresentation; failure to monitor account; failure to supervise; breach of fiduciary duty; violation of Section 10(b) of the Securities and Exchange Act of 1934; gross negligence unspecified securities $180,000 compensatory; punitive; attorneys’ fees; expert fees; costs; other equitable relief N/A N/A Richard D. DeVita Simons A. Muscamera; Timothy M. Jayne Mixed
09-05535 9/23/2009 2/18/2011 In favor of claimant Maria A. Thornton Investors Capital Corp.; Merrill Lynch, Pierce, Fenner and Smith, Inc. Tampa, Florida Bruce D. Cakes, Esq. For Investors Capital Corp. – James A. McGovern, Esq.; For Merrill Lynch, Pierce, Fenner and Smith, Inc. – Julie Wilson Portera, Esq. breach of fiduciary duty; violation of Florida’s Securities Act; negligence, negligent misrepresentation; omissions; common law fraud; breach of contract; negligent supervision private placement in DBSI 2007 Land Improvement & Development Fund, LLC; annuity; Blackrock’s Global Allocation Fund $109,518.84 compensatory; punitive; interest; attorneys’ fees and costs; fiilng fees and forum fees; other equitable relief $25,000; plus interest; $200 filing fee N/A John P. Cullem Constance d’Angelis; Howard L. Hill Mixed
09-05568 9/24/2009 2/18/2011 In favor of claimant The William F. Runge Revocable Trust u/a/d 04/12/06, by its Co-Trustee, Nicole A. Secrest; Nicole A. Secrest, individually and on Behalf of her IRA, The William F. Runge IRA, by its Beneficiary, Nicole A. Secrest; The Trust Created f/b/o Nicole A. Secrest u/a Dated 4/12/06, by Its Trustee, Valerie A. Secrest Citigroup Global Markets, Inc.; Morgan Stanley Smith Barney Washington, D.C. W. Scott Greco, Esq.; Frederick D. Greco, Esq. Nikolas Komyati, Esq. securities fraud and common law fraud; breach of fiduciary duty; securities recommended and purchased were unsuitable under Washington, D.C law, federal law, and FINRA Conduct Rules; negligence; breach of contract; control person liability; negligent supervision. trust; IRA; life insurance policies $480,000 compensatory; interest; opportunity loss; punitive; costs; FINRA fees; attorneys’ fees; other equitable relief $124,156 compensatory; plus interest N/A Douglas Earl McLaren William H. Malloy, Jr.; Merle D. Rockwell Mixed
09-05842 10/8/2009 2/17/2011 In favor of claimant Bob J. Starnes; The Starnes Family Trust Merrill Lynch, Pierce, Fenner & Smith, Inc. Tampa, Florida Jeffrey P. Coleman, Esq.; Jennifer Newsom, Esq. Jason S. Haselkorn, Esq. violation of the Florida Securities and Investor Protection Act – securities fraud; common law fraud; breach of fiduciary duty; negligence; breach of contract Merrill Lynch Retirement Plus Variable Annuity $1,000,000 compensatory; interest; attorneys’ fees; costs; other equitable relief $125,000; $6,000 costs N/A William H. Fleece Andrea Bailey; Nicholas G. Dukas Mixed
09-05884 10/7/2009 2/18/2011 Claims Dismissed Woodrow & Joyce Vermillion Ameriprise Financial Services, Inc.; Dean Michael Donohue Louisville, Kentucky Randall S. Strause, Esq. Howard M. Klausmeier, Esq. misrepresentation and omission of material facts; unsuitable recommendations; breach of fiduciary duty; common law fraud; common law negligence; agency liability; failure to reasonably supervise unspecified $25,000 compensatory; exemplary/punitive; interest; attorneys’ fees; other costs; other monetary relief $0 N/A Allan Weiss N/A Public
09-05989 10/22/2009 2/19/2011 Claims Denied Joseph J. Bahuth; Angele Bahuth UBS Financial Services, Inc;. Andrew Coulter Los Angeles, California Philip W. Bartenetti, Esq. Kathleen S. Adams, Esq.; Michael T. West, Esq. fraud; intentional misrepresentation; violation of FINRA Conduct Rules 2010 and 2020; violation of Cal. Corp. Code §§ 25400; Section 10(b) and Rule 10b-5 promulgated thereunder of the 1934 Act; negligence and negligent misrepresentation; breach of fiduciary duty; failure to supervise in violation of FINRA Rule 3010; elder abuse UBS Credit Recovery Fund LLC; UBS Equity Opportunity Fund II LLC; UBS Event Fund LLC; UBS M2 Fund LLC; UBS Technology Partners LLC $148,000 compensatory; 4% interest for $17,000; attorneys’ fees; costs $0 N/A Bruce A Davidson Robert B. Moran; Ronald F. Rybandt Mixed
09-05996 10/15/2009 2/14/2011 Claims Denied and dismissed Lori Bridges, Trustee of the Alvin L. Bridges Irrevocable Trust DTD 06/06/91 Ameriprise Financial Services, Inc. Indianapolis, Indiana Mark E. Maddox, Esq.; Thomas K. Caldwell, Esq. Thomas Swigert, Esq. unsuitable investment; unauthorized transactions; negligent account management; misrepresentations and omissions; violations of the Indiana Securities Act and Regulations thereunder; violations of FINRA/NASD Conduct Rules; breach of contract; breach of fiduciary duty/constructive fraud; respondeat superior; negligence and negligent supervision; conversion Vanguard Total Stock Maricet ETF and mutual funds including Threadneedle International Opportunity Fund, RVS Diversified Equity Fund, RVS Disciplined Equity Fund, and RVS Dividend Opportunity Fund, unspecified equities and in cash-equivalent $276,864 compensatory; exemplary/punitive; interest; attorneys’ fees; costs; other monetary relief; other equitable relief $0 N/A Tim V. Young Raymond M. Kirtley; Terresa L. Beaman Mixed
09-06216 10/29/2009 2/23/2011 Claims denied Whitney Sack Corderi Chicago Investment Group, LLC; Thomas Francis McCarviil Miami, Florida Richard A. Roth, Esq. For CIG – Richard P. Lynch; For McCarvill – pro se unsuitability; breach of fiduciary duty; fraudulent misrepresentation; failure to supervise; respondeat superior; negligent misrepresentation; unauthorized trading; negligence; fraud; violations of Florida Statute Chapter 517; churning; violations of SEC Rule 15(g); control person liability various technology stocks, Chinese stocks and other small cap and penny stocks, including, but not limited to, Remotemdx Inc. $120,000 compensatory; commissions; punitive; interest; attorneys’ fees; costs; other equitable relief $0 N/A Lewis Levey Roy Gonas; Stephen Kuhn Mixed
09-06316 11/4/2009 2/5/2011 Claims Dismissed Joseph J. Bevllacqua, as Trustee of the Joseph J . Bevilacqua Trust dated 7/07/1999 Wells Fargo Investments, LLC; Thoeurn Indy Los Angeles, California Robert C. Chandler, Esq. Mavish Z. Madad, Esq. negligence; breach of fiduciary duty; suitability; fraud, deceit, misrepresentation, conversion, and omission of material fact; failure to supervise brokerage account $50,000 compensatory; excess tax liabilities; commissions; interest; attorneys’ fees; costs; punitive damages; other equitable relief $0 N/A Michael G. Clark N/A Public
09-06421 11/11/2009 2/18/2011 Claims settled Wally Paul Grant Charles Schwab & Co.; Peter Pavlakis; James Luther New York, New York Ira Scot Meyerowitz, Esq. Nicki Samson, Esq. unsuitability; breach of fiduciary duty; fraud; unauthorized trading; breach of contract; failure to supervise; negligence unspecified securities $225,000 compensatory; interest; commissions; fees; costs; $300,000 lost profits and appreciation; interest; attorneys’ fees; costs; filing fees; punitive damages; other equitable relief $0 N/A Peter A. Goldman Denise N. Seegobin; Robert L Salzberg Mixed
09-06555 11/16/2009 2/11/2011 Robert N. Stephens Living Trust UnionBanc Investment Services, LLC Los Angeles, California Montgomery G. Griffin, Esq. G. Thomas Fleming, III, Esq.; Kasumi L. Takahaski, Esq. breach of fiduciary duty; breach of written contract; breach of oral contract; omission of material facts; failure to supervise corporate bonds $1,094,817 out-of-pocket losses; consequential damages; interest; costs; attorneys’ fees; expert witness fees; consultant fees; other equitable relief $0 N/A Robert C. Albini Richard M. Norman; Anna Marie Turco Mixed
09-06628 11/20/2009 2/16/2011 Bernard Ochs Laidlaw & Co. (UK) Ltd.; Jason Anthony Russo; Todd Cirella; Ronald Furst; Alex Schtaynberger New York, New York John E. Lawlor, Esq. Ira Scot Meyerowitz, Esq. breach of contract; unauthorized trading; unsuitability; churning; fraud; misrepresentations and omissions; breach of fiduciary duty obligations; negligence; negligent misrepresentations; failure to supervise unspecified securities $159,567.62 compensatory; interest; punitive; attorneys’ fees; costs; expert and witness fees; other equitable relief $0 N/A Mitchel S. Friedman Denise L Quaries; Arthur M. Schoenberger Mixed
09-06861 12/7/2009 2/23/2011 Claims settled Deborah A. Dee Bank of America, N.A.; Banc of America Investment Services, Inc.; Nicholas Cafaro; Patrick Sands Boston. Massachusetts David J. Paliotti, Esq. John O. Lukanskl, Esq. breach of contract; breach of fiduciary duty; unsuitable investments; misrepresentations and omissions; negligence; failure to supervise; respondeat superior unspecified mutual funds $86,809.12 compensatory; fees and expenses; attorneys’ fees; costs; $100,000 emotional stress; $300,000 punitive $0 N/A Gerard S. Marsan Marilyn H. Zuckerman; Robert H. Watts Mixed
09-07063 12/18/2009 2/10/2011 A. Walden Welch; Patrick W. Curry Raymond, James & Associates, Inc.; American Wealth Management, Inc.; Jason Lee Seale III; Jerome August Borzello San Francisco, California A. Walden Welch For RJA – Erin Linehan, Esq.; For America, Seale, and Borzello – Steven Shennan, Esq. failure to supervise; breach of fiduciary duty; misrepresentations; omissions of facts; suitability various stocks $230,000 actual damages; $100,000 punitive $0 N/A Jonathan Holman Hathaway George T. Fleming; Harvey M. Baraban Mixed
09-07065 12/18/2009 2/24/2011 In favor of claimant Maria Elena Henrichs Workman Securities Corporation; Attila Gyula Toth Phoenix, Arizona Jeffrey Gardner, Esq.; Timothy J. Sabo, Esq. For Workman – Debra A. Jenks, Esq.; For Toth: Pro Se negligence; suitability violations; Arizona Securities Act violations; breach of fiduciary duty; breach of contract and breach of the implied duty of good faith and fair dealing; negligent misrepresentation; respondeat superior and negligent supervision variable annuity; debentures; preferred stocks $126,730.78 compensatory; interest; lost opportunity charges; commissions, management fees, and other fees; filing fee; costs; attorneys’ fees; puntive; other equitaeble relief $46,730.66 N/A George N. Roy, CPA Merton E. Marks; Brian L. Evans Mixed
10-00281 1/19/2010 2/13/2011 Claims dennied Caron E. Tsapatsaris Fidelity Brokerage Services LLC Boston, Massachusetts Jesse Jacobson Laura W. Tholen, Esq. failure to exercise in-the-money stock options and breach of implied promise Bank of America stock options $ 56,195.77 compensatory damages $0 N/A Robert J. Ambrogi N/A Public
10-00578 2/3/2010 2/24/2011 In favor of claimant Linda Soltis Chase Investment Services Corp. (formerly WAMU Investments Inc.); Ben Pang Szeto San Francisco, California Brett Alan Alcala, Esq.; Warren M. Klein Bradley J. Johnson, Esq. breach of fiduciary duty; unsuitability; misrepresentation; negligence; failure to supervise Class-C Franklin Income Fund $43,773.41 compensatory; filing fees $43,773.41; interest; filing fee N/A Sheldon Michaels N/A Public
10-00672 2/11/2010 2/16/2011 In favor of claimants Marta Toscano; Robert M. Toscano Chase Investment Services Corporation; Marshall H. Foster New York, New York Karen Van Ingen, Esq. Heather H. Freiburger, Esq.; Mike Manly, Esq. failure to recommend suitable investments; misrepresentations and omissions of material facts; unauthorized trading; breach of fiduciary duty; failure to supervise unspecified Unit Investment Trusts $39,784.05 compensatory; $ 21,115.47 interest; costs; fees; other equitable relief $39,784.05 Additional interest of $ 4,181.70 Mary Ellen Bums N/A Public
10-01188 3/10/2010 2/14/2011 Claim denied Valerie Charlton Char; Devron H. Char Charles Schwab & Co., Inc. San Francisco, California Devron H. Char Brandon K. Hemley, Esq. wrong execution in price municipal bonds $14,504.87 compensatory $425 Initial Claim filing fee N/A Jonathan H. Krotinger N/A Public
10-01336 3/16/2010 2/21/2011 Claims denied Myra C. Pierotti Edward Jones; Julia San Roman Memphis, Tennessee Fred M. Acuff, Jr., Esq. Dennis J. Capriglione misrepresentation; fraud; violation of common law, federal and state securities acts; suitability; failure to supervise; breach of contract Hartford variable annuity $15,634.55 compensatory; interest; loss of earning opportunity; earnings from account if properly maintained; losses from adverse tax consequences; attorneys’ fees; costs; expenses $0 N/A Stephen Biller N/A Public
10-01708 4/9/2010 2/10/2011 Claims Denied and dismissed Joseph Rich; Lenore Rich Comerica Securities, Inc.; Dan I. Barish Detroit, Michigan Anthony V. Trogan, Jr., Esq. Michael C. Simoni, Esq. breach of fiduciary duty; common law fraud; breach of contract; negligence; conspiracy; promissory estoppel; conversion; malpractice; breach of securities jaws; breach of consumer protection laws GMAC Bond; General Motors Corporation Debenture $287,000 compensatory; exemplary/punitive; interest; attorneys’ fees; costs; other monetary relief; other non-monetary relief $0 N/A Michael J. Meeusen Mayra Adela Rodriguez; Steven R. Briggs Mixed
10-02017 4/29/2010 2/24/2011 Claims denied Jadwiga Piskozub Citigroup Global Markets Inc.; Martin Jankowski Nicole Grospe; Christine Goodrich; Jill Gross, Esq. Elizabeth E. Moum, Esq. negligence; unsuitability; breach of fiduciary duty; negligent misrepresentation; fraudulent inducement; respondeat superior; negligent supervision Hartford Floating Rate Fund; Hartford Strategic Income Fund $16,683.03 compensatory; commissions; interest; costs of $212.50 $0 N/A Joan M. Traub N/A Public
10-02446 5/21/2010 2/17/2011 Claims settled Church Resource Ministries Charles Schwab & Co., Inc;. John Conley Thatcher Los Angeles, California John Halebian Stephen Young, Esq. breach of fiduciary duty against all Respondents; breach of contract against Respondent Schwab; misrepresentations against all Respondents; negligent misrepresentations against all Respondents; respondeat superior against Respondent Schwab; violation of section 11 of the 1933 Act against Respondent Schwab Schwab YieldPlus Fund(R) $678,246.82 compensatory; interest; costs; expenses; attorneys’ fees; expert fees; $150,000 punitive; other equitable relief $0 N/A Elliott Finkel James H. Frank; Andrea Luise Halperin Mixed
10-02691 6/3/2010 2/15/2011 Ellen E. Feduniw; The Feduniw Family Trust of 2005 DTD 9/29/05; Estate of Edward J. Feduniw Crowell, Weedon & Co.; Charies David Carpenter; Caleb Nathaniel Russell Los Angeles, California Jonathan W. Evans, Esq. Kasumi Takahashi, Esq. negligence; breach of fiduciary duty and breach of trust; failure to supervise; violation of FINRA rules and regulations; breach of contract; breach of implied covenant of good faith and fair dealing Oppenheimer Califomia Municipal Bond Fund (Class A); Franklin Califomia High Yield Municipal Fund $788,194.61 compensatory; lost opportunity or reasonable return; interest; costs; attorneys’ fees $0 N/A Benjamin F. Breslauer Alan Stamm; Larry Haugaard Mixed
10-03000 6/25/2010 2/17/2011 Claims Dismissed Glen D. Robertson; Susan L. Robertson; Edith C. Robertson; Sheri Lewis-Sorensen; John M. Sorensen Securities America, Inc.; Gelormini Financial Advisory; Paul Otto Gelormini San Francisco, California Matthew K. Edling, Esq. For Securities America – Bryan M. Ward, Esq.; For Gelormini Financial and Gelormini – Hsiao (Mark) C. Mao, Esq. breach of fiduciary duty; negligent misrepresentation; negligence; suitability; abuse of dependent adults MedCap securities compensatory; money earned using Claimants'; capital; special and general damages; punitive; treble; costs; interest; attorneys’ fees; other equitable relief $0 N/A John J. Flynn Thomas D. Reese; Mary H. Evans, J.D. Mixed
10-03240 7/15/2010 2/3/2011 Claims denied Michael Sigerman; Delayne Sigerman Wells Fargo Investments, LLC Michael Sigerman Thomas F. Kopshever, Esq. illiquidity of investment auction rate securities $20,000 compensatory $0 N/A Raymond C. Kerr N/A Public
10-03331 7/19/2010 2/15/2011 Claims denied and againt claimant John Yousef E*Trade Securities LLC Pro Se Meredith Felde, Esq. violation of system protections against placing an order in excess of available funds 180 American Apparel Inc., common shares $7,300 compensatory; $1,000 attorneys’ fees; $500 witness fee; $325 filing fee $0 N/A Alex H. Keller N/A Public
10-03568 8/5/2010 2/17/2011 Claims denied Sheldon Teichman; Karen Teichman Fidelity Brokerage Services LLC Sheldon Teichman Meredith Faro, Esq. unauthorized transaction State of California Department of Water Resources Power Supply municipal bond $1,800 compensatory $0 compensatory; $37.50 for one-half of filing fee N/A Michael J, Quarequio N/A Public
10-03610 8/10/2010 2/17/2011 In favor of claimant David Fanella Charles Schwab & Co., Inc. Pro Se Richard A. Karoly, Esq. breach of fiduciary duty; unsuitability; fraud and misrepresentation; breach of contract; failure to supervise; violation of federal and state securities laws Schwab Yield Plus Select Fund $24,950 compensatory; interest; costs; other relief $10,000 compensatory; $425 costs N/A Jonathan H Krotinger N/A Public
10-03815 8/24/2010 2/15/2011 Claims denied Kimberly S. McCloud Morgan Stanley & Co. Inc. Pro Se Melissa M. Muehlfeld, Esq. wrongful conduct; breach of fiduciary duty; failure to supervise and control unspecified securities $25,000 compensatory; $750 costs; other relief $0 compensatory; $425 filing fee N/A Patrick J. Halter N/A Public
05-01577 3/24/2005 3/25/2011 Claims dismissed Bounty International Limited; Good Regent International Limited; Wisdom Century Development Limited Goldman Sachs & Co. New York, NY Theodore G. Eppenstein Esq.; Eppenstein and Eppenstein, PLLC, New York, NY Michael J. Dell, Esq. Breach of fiduciary duty; Unsuitable recommendations and trading; Breach of contract and breach of warranty; Excessive trading and churning; Fraud; Deceit and misrepresentation; Negligence and gross negligence; Failure to supervise Unspecified securities Compensatory damages N/A Rescissionary damages; Out-of-pocket losses; Punitive damages; Disgorgement of compensation; Forum fees and administrative fees; Costs; Expert witness fees and other witness fees; Attorney’s’ fees; Other equitable relief Joel P. Mellis (P) Mindi R. Parrott (NP) Mixed
09-00352 1/21/2009 3/14/2011 Settled with The Investment Center and Securities America; PGP Financial and Cali are jointly and severally liable; Granite Securities, Obsidian Financial and Cali are jointly and severally liable; Cali’s request for expungement is denied; Punitive damages are denied Dr. Satish Anand Granite Securities, LLC; Obsidian Financial Group, LLC; The Investment Center, Inc.; PGP Financial Inc, Inc.; Securities America, Inc.; Alfred Guy Cali New York, NY Brian J. Neville, Esq. Brian Reis, Esq.; Marc J. Ross, Esq.; Ellen R. Lozinski, Esq., Denis C. Dice, Esq.; Alfred Guy Cali appeared pro se (previously represented by Robert M. Bursky, Esq.) Fraud; Negligent misrepresentation; Unsuitability; Failure to supervise; Respondeat superior; Agency principal AmericanSkandia Xtra Credit Six Contract; Hartford Leaders Plus Contract; Nationwide Contract; Jackson National Contract Annuities; ReliaStar Universal Life Insurance $300,000.00 (compensatory) $125,653.54 (compensatory) Punitive damages; All fees paid to Respondents; Interest; Attorneys’ fees; Filing fees and hearing fees; Other equitable relief Linda Ashley (P) Leslie Ruth Nydick (P); Thomas A. Abitabile (NP) Mixed
09-00403 1/22/2009 3/14/2011 Settlement and expungement Matthew Lam Charles Schwab & Co., Inc.; Jesse Ramos San Franciso, CA Howard M. Hoffman, Esq. Garrett R. Wynne, Esq. Violation of California Corporations Code § 25401; Intentional breach of fiduciary duty; Negligent breach of fiduciary duty; Intentional breach of fiduciary duty (supervision); Negligent breach of fiduciary duty (supervision) Schwab YieldPlus Fund Compensatory damages N/A Damages pursuant to California Corporations Code § 25501; Punitive and exemplary damages; Costs of suit herein; other equitable relief as deemed just and proper Robert E. Thompson (P) Laurel Littman Gothelf (P); Willliam A. Husa (NP) Mixed
09-00830 2/13/2009 3/10/2011 Settlement Dolores A. Smith Insurance & Associates, LLC Merrill Lynch, Pierce, Fenner & Smith, Inc. Minneapolis, MN Brent A. Lorentz, Esq. J. Jackson, Esq. Breach of fiduciary duty; Negligence; Unjust enrichment Three separate life insurance policies $1,000,000.00 (compensatory) N/A Interest; Attorneys’ fees; Other costs Arlen G. Rested (P) Douglas J. Nesbit (P); Susan M. Bames (NP) Mixed
09-01485 3/17/2009 3/24/2011 In favor of Claimant Adam C. Singer, as Trustee for the Adam C. Singer 2004 Trust UA DTD 20FEB04 Goldman Sachs & Co. Dallas, TX Scott A. Shanes, Esq. Sharon J. Shumway, Esq. Breach of fiduciary duty; Material misrepresentations; Omissions; Fair dealing; Negligent misrepresentation; Gross negligence; Common law fraud; Respondeat superior; Violation of federal securities laws; Violation of Texas Securities Act Vermont Student Loan Auction Rate Securities $452,884.93 (compensatory) $450,000.00 (compensatory) Exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other non-monetary relief Daniel A. Kile (P) Maxel (Bud) Silverberg (P); Richard Frederick Schaufert (NP) Mixed
09-01728 3/27/2009 3/16/2011 In favor of Claimant Thomas A. Redmond, individually and as Trustee of the Thomas A. Redmond Rev Liv Trust Oppenheimer & Co., Inc.; Joseph Eckrich Detroit, MI Joseph H. Spiegel, Esq. Mark L. Kowalsky, Esq. Violation fo the 1934 Act Anti-Fraud rules; Violation of sections 12 and 17 of the Securities Act of 1933; Violations of Michigan Blue Sky law; Fraudulent misrepresentation; Negligent misrepresentation and silent fraud; Breach of common law fiduciary duty Purchase of shares of Wachovia $250,000.00 (compensatory) $221,120.00 (compensatory) Exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other monetary relief; Other non-monetary relief Patrick R. Sughroue (P) Mark Scarr (P); Mark A. Cleland (NP) Mixed
09-01787 4/1/2009 3/31/2011 Claims denied Daniel Farash UBS Financial Services Inc.; Steve Feit New York, NY Louis F. Burke, Esq. Jeffrey L. Friedman, Esq. Breach of fiduciary duty; Stockbroker misconduct; Failure to execute; Failure to supervise; Suitability General Motors Corp. and Continental Airlines, Inc. short sales and put options $5,000,000.00 (compensatory) $0 $5,000,000 punitive damages; Attorneys’ fees; Costs; Interest Marguerite B. Filson (P) J. Martin McDonough, Jr. (P); Frank Irizarry (NP) Mixed
09-01923 4/8/2009 3/14/2011 Claims dismissed and expunged Ben Joseph Trust; Epstein Real Estate Advisory Retirement Trust E*Trade Securities, LLC; Adam I. Gutman Boston, MA Peter A. Lagorio, Esq. Richard Michaud, Esq. Breach of fiduciary duty; Aiding and abetting breach of fiduciary duty; Negligence; Negligent supervision against E*Trade, LLC; Negligent misrepresentation; Breach of conract; Breach of implied covenant fo good faith and fair dealing; Violation of section 12(a)(2) fo the Securities Act; Violation of Massachusetts Uniform Securities Act; Respondeat superior; Common law fraud; Violation of the Massachusetts Consumer Protection Act Unspecified structured bonds and reverse convertibles Compensatory damages N/A Damages attributable to lost income and lost opportunity; Treble damages; Attorneys’ fees; Rescission of purchases; Expenses Arthur J. Giacomarra (P) Steven S. Manos (P); Pete S. Michaels (NP) Mixed
09-01992 4/9/2009 3/14/2011 Claims dismissed Donald Knicely; John W. Kearns; Frederick G. Krause; Thomas W. Leo; Carl G. Milelnicki Wachovia Securities, LLC f/k/a A.G. Edwards & Sons, Inc. Rochester, NY Robert J. Pearl, Esq.; Joseph C. Peifer, Esq. Andrew W. Sidman, Esq. Unsuitability; False claims; Breach of fiduciary duty; Breach of contract; Respondeat superior; Failure to supervise; Fraud; Misrepresentation Unspecified securities $467,717 – $594,890 (compensatory damages for Claimant Knicley); $319,048 – $552,698 (compensatory damages for Claimant Krause); $391,477 – $606,236 (compensatory damages for Claimant Leo); $259,130 – $434,747 (compensatory damages for Mielnicki) N/A Disgorgement of profits; Lost compensation; Lost opportunity damages; recission damages; Costs; Punitive damages; Pre-award interest; Attorneys’ fees; Other relief Ralph L. Halpern (P) Frank C. Fogl, Jr. (P); Jeffrey Mark Schwartz (NP) Mixed
09-02143 9/11/2009 3/25/2011 In favor of Claimant Karen E. Rey Wedbush Securities Inc.; Thomas A. Packer Anchorage, AL Williiam M. Bankston, Esq. Charles LaChaussee, Esq. Violation of FINRA Rules of Fair Practice; Violation of Section 20 of the Securities Exchange Act; Violation of Section 10 of the Securities Exchange Act; Violation of regulation prohibiting manipulative and deceptive devices; Violation of regulation requiring disclosure of credit terms in margin transactions; Violation of the Alaska Securities Act; Breach of fiduciary duty; Proffessional negligence; Negligent and/or intentional misrepresentation Multiple investments in common stock Compensatory damages $177,791.58 (compensatory); Interest; $42,026.00 (Attorneys’ fees); $3,604.07 (costs); $5,000.00 (expert witness costs); $250 (reimbursement of initial filing fee) Rescission; Costs; Attorneys’ fees; Puntivie damages; Pre-judgment and post-judgment interest; Other relief Michael R.E. Sanders (P) Robert M. Stein (P); James K. Barbee, J.D. (NP) Mixed
09-02399 4/30/2009 3/16/2011 Expungement for Kimon Daifotis Emanuel Licht; David Evan Licht Charles Schwab & Co., Inc.; Glen Krause; Kimon Daifotis Newark, NJ Hartley T. Bernstein, Esq. Cara L. Finan, Esq. Unsuitability; Misrepresentation; Failure to disclose; Violations of the Securities Act of 1933; Violations of the Securities Exchange Act of 1934 Schwab YieldPlus Fund $66,496 compensatory damages for E. Licht); $13,325 (compensatory damages for D. Licht); Punitive N/A Interest; Costs Louis H. Miron (P) Linda T. Pellegrino (P); Richard W. Relly (NP) Mixed
09-02593 5/5/2009 3/8/2011 Claims dismissed The Estate of Lawanda Padgett; Duane Padgett, Personal Representative Capital West Securities, Inc. Oklahoma City, OK Kurtis J. Ward, Esq. Joe M. Hampton, Esq. Control person liability; Breach of fiduciary duty; Suitability; Overconcentration; Negligence; Respondeat superior; Vicarious liability; Failure to supervise; Lack of mental capacity Clarence Padgett’s 401(k) transfer from a Vanguard account $49,757 (compensatory) N/A Interest; Attorneys’ fees; Other costs; Disgorgement of fees and sanctions; Specific performance Bill H. Brister (P) N/A Public
09-03593 6/12/2009 3/21/2011 In favor of Claimant Roman Bardens Wachoiva Securities, Inc. Ft. Lauderdale, FL Jeffrey Erez, Esq.; Stefan Apotheker, Esq. Coren Stern, Esq. Breach of fiduciary duty; Negligence; Negligent supervision; Fraud; Breach of contract Federal National Mortgage Association Series S preferred securities; Other bank preferred securities including Fannie Mae, Bank of America, ING, Deutsche Bank and Barclays $25,000 – $50,000 (compensatory damages); Punitive $10,000 (compensatory); Interest of 5% per annum Interest; Costs Steven Goerke (P) N/A Public
09-03902 6/26/2009 3/24/2011 In favor of Claimant Eva Crudo; Bridget Crudo Robyn Reagan-O’Hara; Paula Branum; Penson Worldwide, Inc.; Penson Financial Services, Inc.; SAMCO Financial Services, Inc.; SAMCO Capital Markets, Inc.; Regal Securities, Inc.; Colby & White, LP; WFG Investments, Inc.; Willard Henry White, Jr.; James Milton Townsend Newark, NJ Brian H. Reis, Esq. Paula Branum appeared pro se; Jeff Logan, Esq.; John T. Gerhart, Jr., Esq.; Jonathan D. Neerman, Esq.; Scott Barnard, Esq.; Nicholas P. Lavarone, Esq.; J. Randle Henderson, Esq.; Jesse Linebaugh, Esq. Unsuitability; Misrepresentation; Fraud; Unauthorized trading; Failure to supervise; Churning; Negligence; Forgery; Breach of fiduciary duty; Breach of contract; Violations of FINRA and Securities and Exchange Commission Rules Unspecified securities $395,788.34 (compensatory); $2,000,000.00 (punitive) $156,000.00 (compensatory); $3,120.00 (costs) Attorneys’ fees; Costs; Respondent O’Hara be permanently barred from working as an investment broker S. Charles Tabak (P) Martin R. Cramer (P); John R. Pepe, Sr. (NP) Mixed
09-04037 6/29/2009 3/8/2011 In favor of Claimant Louis Bortolussi Louis Bortolussi; Nina Bortolussi; Luanne Schafer Ameriprise Financial Services, Inc.; William L. Bynum Detroit, MI Anthony V. Trogan, Jr., Esq. Howard Klausmeier, Esq. Breach of contract; Common law fraud; Conspiracy; Promissory estoppel; Negligence; Malpractice; Breach of fiduciary duty; Breach of state securities laws Recommendation and purchase of five mutual fund products including: Fidelity High Income Advantage A; Franklin Income A; Loomis Sayles Strategic Income A; Oppenheimer International Bond A; Pimco Total Return D $882,954 (compensatory); Punitive damages $30,000 (compensatory) $100,333 (interest); $60,000 (attorneys’ fees); $2,000 (other costs); Rescission Robert J. Scafuri (P) Michael James Malone (P); Joseph R. Papo (NP) Mixed
09-04093 7/15/2009 3/8/2011 In favor of Claimants Emmett E. Carter; Emmet E. Carter, Jr. Individual Retirement Account James R. Holdman; Leslie M. Hausse; Scott D. Johnson; NWT Financial Group, LLC; Penson Financial Services, Inc. New Orleans, LA W. Andrew Clayton, Jr., Esq.; Jessica L. Clayton, Esq. MacAllynn J. Achee, Esq.; Claude F. Reynaud, Jr., Esq.; Lonny A. Myles, Esq.; David Gaba, Esq.; Mark G. Hanchet, Esq. Violation of Louisiana’s securities laws; Breach of fiduciary duty; Negligence; Fraud; Vicarious liability; Negligent supervision; Breach of contract The Silverwing Fund, LLC; The Greenwing Fund, LLC $1,000,000.00 (compensatory) $851,368.74 (compensatory); Interest; $17,798.50 (expert fees) Exemplary damages; Attorneys’ fees; Statutory damages; Expectation loses; Costs; Other relief Frank A. Little (P) Daniel Bivins (P); Frederick S. Duncan (NP) Mixed
09-04560 7/30/2009 3/21/2011 Claims denied; Claimaint liable on Respondents’ counterclaim of breach of contract Daniel L. Gorman Bear Stearns & Co., Inc.; J.P. Morgan Securities, Inc., as successor to Bear Stearns & Co., Inc. Boca Raton, FL John G. Rich, Esq.; Ross B. Intelisano, Esq. George D. Sullivan, Esq.; Timothy E. Di Domenico, Esq. Unsuitability of investments; Misrepresentations and omissions; Fraud; Breach of fiduciary duty; Negligence; Breach of contract; Failure to properly supervise Shares of American Physicians Capital, Inc. and FPIC Insurance Group, Inc. in order to purchase an equity derivative instrument known as a Structured Product More than$1,400,000.00 (compensatory); Punitive damages N/A Disgorgement; Interest; Costs; Forum fees; Other relief Monica Salis (P) Frederick Hartman (P); Les Campbell (NP) Mixed
09-04732 9/3/2009 3/2/2011 Claims dismissed Damon C. Reel Merrill Lynch, Pierce, Fenner & Smith, Inc. Rapid City, SD Richard B. Fosher, Esq. Bruce W. Day, Esq. Breach of fiduciary duty; Violation of South Dakota’s Securities Act; Negligene; Common law fraud; Breach of contract; Negligent supervision Aggressive asset allocation involving various unspecified equities and closed end mutual funds $3,000,000.00 (compensatory); Punitive damages N/A Interest; Attorneys’ fees; Other Costs; Other monetary relief Frederick Ramos (P) Phyllis Karasov (P); Julie A. Hennen (NP) Mixed
09-04750 11/17/2009 3/28/2011 Claims dismissed; Expungement for Respondent George John Dusckas, Jr. Francis W. Fry; Judith Fry Merrill Lynch, Pierce, Fenner & Smith, Inc.; Advest, Inc.; Banc of America Securities, LLC; Stephen Michael Maher; George John Dusckas, Jr. Pittsburgh, PA Anthony B. Andrezeski, Esq. Joseph P. Pohl, III, Esq. Breach of fiduciary duty; Lack of suitability; Intentional misrepresentation; Failure to supervise; Breach of contract; Negligence; Omission of facts; Fraud; Violation of Pennsylvania consumer protection laws; Violation of the Pennsylvania Securities Act Fraudulent private securities transaction $2,225,000.00 (compensatory); $2,295,000.00 (punitive) N/A Interest; Attorneys’ fees; Other costs; Other monetary relief; Non-monetary relief Edward A. Grupp (P) Michael D. McDowell (P); William R. Gruver (NP) Mixed
09-04880 8/18/2009 3/9/2011 Claims dismissed; Expungement for Respondents Jeffry Dean Korte and Richard Mark Wilson Craig & Kathleen Juntunen Living Trust Merrill Lynch, Pierce, Fenner & Smith, Inc.; Jeffry Dean Korte, Richard Mark Wilson Phoenix, AZ Alan Gilmore, Esq. Tara A. LaClair, Esq. Suitability; Breach of fiduciary duty; Breach of contract Management of Claimants’ Loan Management Account $839,714.30 (compensatory) N/A Interest; Costs Joe S. Tarrer, III (P) Amy W. Fellner, J.D. (P); Cynthia B. Stone (NP) Mixed
09-04933 8/20/2009 3/31/2011 In favor of Claimants Barbara B. Cook; Barbara Bush Cook Living Trust Stifel, Nicolaus & Co., Inc.; AXA Advisors, LLC St. Louis, MO Bruce Oakes, Esq.; Richard B. Fosher, Esq. James C. Browning, Esq.; Eileen Stassa Breach of fiduciary duty; Common law fraud; Breach of contract; Negligence; Negligent misrepresentations; Omissions; Failure to supervise; Suitability; Violation of the Missouri Securities Act Recommendation and purchase of unspecified securities $500,000.00 (compensatory); Punitive damages $21,000.00 (compensatory); $11,375.00 (pre-award interest); Post-award interest; $300.00 (costs); $10,000 attorneys’ fees Attorneys’ fees; Other costs; Other monetary relief David B. Lacks (P) Joan M. Esserman (P); John N. Reidy (NP) Mixed
09-05107 8/31/2009 3/15/2011 Settled; Expungement for Respondent Morris David J. Ferraro Deutsche Bank Securities, Inc.; Gregory L. Planck Charlotte, NC Jenice L. Malecki, Esq. Donald N. Cohen, Esq.; Evelyn Bukchin, Esq. Breach of contract; Common law fraud and misrepresentation; Statutory fraud and misrepresentation; Unsuitability; Overconcentration in financial preferred shares; Improper switching of mutual funds in order to earn fees Various securities including, but not limited to, Citigroup Preferred Shares; Various unspecified mutual funds $308,060.00 (compensatory); Punitive damages N/A Interest; Attorneys’ fees; Costs Lynne Townsend Albert (P) John H. Griffing (P); Sidney L. Sussman (NP) Mixed
09-05485 9/21/2009 3/29/2011 In favor of Claimant Turbo Investors, LLC Cohmad Securities Corp.; Robert M. Jaffe; Maurice J. Cohn; Marcia B. Cohn Boston, MA Bruce D. Oakes, Esq.; Richard B. Fosher, Esq. Steven Paradise, Esq.; Harvey E. Bines, Esq.; Stanley S. Arkin, Esq.; Brent T. Starks, Esq. Fraud; Intentional misrepresentation/omission; Negligent misrepresentaiton/omission; Breach of fiduciary duty; Violation of Massachusetts Securities Act; Violation of Massachusetts Deceptive Trade Practices Act, Violation of Section 10(b) of the Federal Securities Act of 1934; Unjust enrichment; Civil conspiracy; Negligence; Negligent supervision; Respondeat superior Investments in Bernard Madoff Investment Services $15,000,000.00 (compensatory); Punitive damages $1,105,000.00 (compensatory); Interest Punitive damages; Attorneys’ fees; Interest; Costs; Forum fees Nancy E. Watters (P) John R. Thompson (P); Stephen M. Acerra, Jr. (NP) Mixed
09-05496 9/21/2009 3/1/2011 In favor of Claimant IB Corp Investments and Business Group Citigroup Global Markets, Inc. Nashville, TN Curtis Carlson, Esq. Patricia M. Christiansen, Esq. Breach of fiduciary duty; Breach of contract; Negligence; Gross negligence; Fraud Equity and options transactions $1,200,000.00 (compensatory); Punitive damages $600,000.00 (damages) Interest; Costs; Cancellation of the debit balance of $213,917.98 Norman L. Weiss (P) Todd M. Saunders (P); Robert A. Fabricant, MBA (NP) Mixed
09-05542 9/23/2009 3/8/2011 In favor of Claimants Arthur R. Cargill; Maryann Cargill; Cargill-Beacon Point, LLC; Cargill-Mansell Plaza, LLC QA3 Financial Corporation; James Robert Files San Franciso, CA Kalju Nekvasil, Esq. Thomas H. Dahlk, Esq.; Victoria H. Butler, Esq. Violations of Federal Securities Laws; Violations of California Securities Laws; Violation of California’s Financial Elder Abuse Law; California Unfair, Unlawful, and Fradulent Business Practices; Breach of contract; Common law fraud; Breach of fiduciary duty; Negligence and Gross negligence Real estate investments sponsored by DBSI $1,923,157.30 (compensatory); Rescisionnary damages; Bargain damages; Punitive damages; Model portfolio damages; Non-economic damages $87,432 compensatory damages Lost opportunity; Prejudgment interest; Costs; Attorneys’ fees Paul F. Faberman (P) Clifford A. Threlkeld (P); Donald S. Duerson (NP) Mixed
09-05603 9/21/2009 3/29/2011 Claims denied; Expungement for Respondent Judy Calufetti Merrill Lynch, Pierce, Fenner & Smith, Inc.; Susan Gottlieb Ft. Lauderdale, FL Russell L. Forkey, Esq. Melinda Lucas Peevy, Esq.; Joshua Jones, Esq. Unsuitability Investment in various funds, including but not limited to: Evergreen Asset Allocation Fund; Eaton Vance Limited Duration Fund; Nuveen Equity Premium and Growth Fund; a 1035 exchange of a Metlife variable annuity for a Merrill Lynch Investor Choice annuity; Advent Claymore Global Securities and Income Fund $40,000.00 (compensatory); $10,000.00 (punitive) N/A Interest; Costs Frances D. Sheehy (P) N/A Public
09-05641 9/29/2009 3/18/2011 DAIC is liable; AIC and Frey are jointly and severally liable; Claimaint’s claims against Respondents Dunham Trust and Capizzi are dismissed with prejudice; Recommended expungement for Respondent Capizzi Andrew J. Michalak American Investors Co.; Dunham & Associates Investment Counsel, Inc.; Dunham Trust Co.; Salvatore M. Capizzi; Holly Lunde; Sewell L. Frey, Sr. Baltimore, MD Thomas C. Costello, Esq. Theodore C. Peters, Esq.; Joseph D. Edmondson, Jr. Fraud; Constructive fraud; Negligent misrepresentation/omission; Breach of contract; Negligence; Negligent supervision; Violation of Maryland Securities Act Dunham & Associates Daily Mortgage Fund; Dunham & Associates Semi-Annual Mortgage Fund Unspecified compensatory damages; Unspecified punitive damages $2,387,800.00 (compensatory); Interest; $300,000.00 (attorneys’ fees); $15,000.00 (costs) Interest; Costs; Attorneys’ fees Gordon M. Wase (P) Brenda J. Stovall (P); Richard A. Compisi (NP) Mixed
09-05795 10/7/2009 3/1/2011 Claims denied Robert A. Axel; Wilburn F. McClure, Jr. Raymond, James & Associates, Inc.; Matthew Carter Lowe; Michael Edwin Magruder Los Angeles, CA Robert A. Axel Kelli Bullington, Esq. Unsuitable, high risk investments Real Estate Investment Trust investments, including Hines REIT; Inland American REIT; Frontier Fund $760,000 (compensatory); Unspecified amount of punitive damages N/A Costs Suzanne Viau Chamberlain (P) Thomas E. Shuck (P); Mark A. Levy (NP) Mixed
09-05805 10/5/2009 3/18/2011 Respondent David R. Steckler is liable Barbara Golds, individually and in her capacity as Beneficiary of the Jack Golds, IRA; The Jack Golds Roth IRA LPL Financial Corp. f/k/a Linsco/Private Ledger Corp.; Legent Clearing, LLC; David R. Steckler Detroit, MI David M. Foster, Esq. David H. Jarvis, Esq.; James E. Roach, Esq. Violation of section 17(a)(1) of the Securities Exchange Act of 1934; SEC Rule 17a-4; FINRA conduct rules 3310 and 2110; Violation of section 10(b) fo the Securities Exchange Act of 1934 and Rule 10b-5; Aiding and abetting violations of section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5; Breach of fiduciary duty; Fraudulent misrepresentation; Violations of Michigan Blue Sky Laws; Conversion; Unjust enrichment; Negligence; Breach of contract N/A $793,518.05 (compensatory); $2,380,554.15 (punitive); $2,380,554.15 (treble) $175,000.00 (compensatory) Interest; Attorneys’ fees; Costs Jacqueline R. Fox (P) Michael George Kelly, Sr. (P); Larry C. Kreul (NP) Mixed
09-05961 10/15/2009 3/31/2011 Claims dismissed Charles W. Ott as Trustee and Sole Beneficiary of the MBO Insurance Brokers, Inc., Profit Sharing Plan FBO Charles W. Ott Charles Schwab & Co., Inc.; Kimon P. Daifotis San Franciso, CA Thomas D. Mauriello, Esq. Anne M. Moriarty, Esq. Negligence; Breach of fiduciary duty; Breach of contract; Fraud and deceit under California Civil Code §§ 1572, 1709, and 1710 and California Law; Violations of California Corporations Code §§ 15401 and 25501 Schwab YieldPlus Fund $262,500.00 (compensatory); Consequential damages; Punitive damages N/A Prejudgment interest; Post award interest; Costs; Attorneys’ fees Jonathan H. Krotinger (P) Michael Craig Butterworth (P); James D. Murrsy (NP) Mixed
09-06115 10/21/2009 3/4/2011 Expungement for Respondent Stuart Allan Torrey John W. Oughtred E*Trade Securities LLC; E*Trade Clearing LLC; Stuart Allan Torrey; Robert Jarrett Lilien Denver, CO Jason M. Kueser, Esq. Edward D. Totino, Esq. Violation of the Colorado Securities Act; Violation of the Colorado Consumer Protection Act; Fraud; Negligent misrepresentation; Breach of fiduciary duty; Neglgience; Breach of contract Auction Rate Securities $53,500.00 (actual monetary damages) N/A $103,500.00 (actual + punitive damages) Carl G. Mohr (P) N/A Mixed
09-06330 11/4/2009 3/18/2011 Claims dismissed Kritz Family LLC Morgan Keegan & Company, Inc. New Orleans, LA Debra Brewer Hayes Kathryn J. Bushby, Esq.; Bradley B. Rounsaville, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violations of securities regulatory rules; Violations fo the Louisiana Securities Act; Violations fo the Louisiana Unfair Trade Practices Act; Common law claims RMK Multi-Sector High Income Fund $680,000.00 (compensatory); Punitive damages; Treble damages N/A Pre-judgment interest; Post-judgment interest; Costs; Attorneys’ fees; Expert witness fees Susan Walker (P) Mark Filwett (P); Richard DeWitt (P) Public
09-06559 11/16/2009 3/7/2011 In favor of Claimants Allyn Husman; JoAnn Husman Okoboji Financial Services, Inc.; Ralph Roberts Schneider; Donahue Edwin Jones; Ronald Allen Kerher; Dakota Capital Management, LLC Minneapolis, MN Michael S. MacDonald, Esq. Donahue Edwin Jones appeared pro se; William D. Nelson, Esq. Breach of fiduciary duty; Constructive fraud; Suitability; Consumer fraud; Common law fraud; Negligent misrepresentation; Breach of contract; Failure to supervise Ridgewood Energy; Medical Provider Funding Corporation V $460,000.00 (compensatory); $25,000.00 (punitive) $299,400.00 (compensatory) Interest; Attorneys’ fees; Costs; Other monetary relief Kevin D. Hofman (P) Susan M. Sanger (P); Wayne A. Robinson (NP) Mixed
09-06621 11/20/2009 3/21/2011 Claims settled; Recommendation of expungement for Respondent Harvey Stuart Berk Calvin Theodore Samuels, Jr. Harvey Start Berk; LPL Financial Corp. New York, NY Maria S. Wilson, Esq. N. Nancy Ghabai, Esq. Unsuitability; Breach of fiduciary duty; Deceit and omission of material facts; Breach of contract; Failure to supervise; Respondeat superior; Violation of SRO rules; Violation of State laws Unspecified securities $70,000.00 (compensatory); Punitive damages N/A Disgorgement of all commissions; Fees; Interest; Attorneys’ fees; Costs Robert M. Goldstein (P) N/A Sole Arbitrator
09-06655 12/8/2009 3/9/2011 Claims dismissed Richard R. Arispe; Jimmy A. Burke; Peggy A. Burke; Todd B. Burke; Jose J. Collado; Adela Christine Collado; Charles K. Colvin; C&C Erection, Inc.; Nancy Gordon; Susan W. Hackney; Don H. Jones; Suzann S. Jones; William A. Rhodes, Jr.; Dawn Schuessler; Kenneth W. Sears; Kenneth W. Sears, Jr.; Reine M. Sears; Daniel J. Sears; Kenneth W. Sears, III; Judy Strickland; Elizabeth Stein; Shana L. Stein Morgan Keegan & Company, Inc. Houston, TX Paul J. Dobrowski, Esq. Stephen C. Carlin, Esq.; Terry R. Weiss, Esq. Breach of fiduciary duty; Misrepresentations; Statutory fraud; Common law fraud; Violations of the Texas Securities Act RMK High Income Fund, Inc.; RMK Strategic Income Fund, Inc. $2,229,357.00 (compensatory); Punitive damages Claimaints had to pay Respondent $34,707.00 in costs and $399,416.00 in attorneys’ fees Interest; Attorneys’ fees; Othe monetary relief; Specific performance Raymond C. Kerr (P) Thomas A. Martin (P); Maurice J. Fallas (NP) Mixed
09-06773 11/25/2009 3/16/2011 In favor of Claimant Jacqueline Picquelle Scottrade, Inc. San Diego, CA Robert J. Benbenek, Esq. Thomas L. Azar, Jr., Esq. Violation of the Missouri Securities Act of 2003; Breach of fiduciary duty; Negligence; Fraudulent/negligent misrepresentation and fraudulent/negligent omission of material fact; Breach of FINRA (NASD and NYSE) Exchange Rules; Respondeat superior; Violation of Rule 10B-5 IRA account $406,000.00 (compensatory); Consequential damages; Punitive damages $45,000.00 compensatory damages Prejudgment interest; Costs; Attorneys’ fees Lawrence Alexander Huerta (P) Thomas L. Marshall (P); John C. Lees, Jr. (NP) Mixed
09-06806 12/2/2009 3/25/2011 In favor of Claimant John P. Cogan; Jemma J. Cogan; JTWROS U.S. Bancorp Investments, Inc. Seattle, WA Lawrence R. Cook, Esq. Shawn Larsen-Bright, Esq. Suitability; Lack of diversification; Breach of fiduciary duty Eaton Vance Tax Managed Dividend Income Fund; Eaton Vance Naitonal Municipal Income Fund Class A Compensatory damages; $281,000.00 (rescission); $25,000.00 (treble) $47,558.00 (compensatory); $955.55 (costs) $13,700 fees; Prejudgment interest; Robert M. Stein (P) William J. Bender, J.D. (P); Paul Michael Webber (NP) Mixed
09-06903 12/9/2009 3/4/2011 Claims dismissed Maureen E. Perfect Dylan Blu Minor; David F. Neunuebel; Wachovia Securities, LLC n/k/a Wells Fargo Advisors, LLC Phoenix, AZ Chris D. Barski, Esq. Edwin A. Barkel, Esq.; Tobias Bateson, General Manager, Santa Barbara Complex, Wells Fargo Advisors, LLLC,successor to Wachovia Securities Suitability; Negligence; Breach of fiduciary duty; Failure to supervise; Control person liability Vairous managed futures, hedge funds, mutual funds, stocks, bonds, and variable annuities $242,274.26 (compensatory); Punitive damages N/A Prejudgment interest; Post judgment interest; Attorneys’ fees; Costs; Reimbursement of all tax consequences Marc Kalish (P) Aryka Steele Radke (P); Mica T. Duncan (NP) Mixed
09-06914 12/9/2009 3/8/2011 Claims settled Edwin Christensen Rocco Mongelli; David Dube; Peak Securities Albany, NY Richard D. DeVita, Esq. Robert Bertsch, Esq. Unauthorized trading; Churning; Negligence; Breach of fiduciary duty; Failure to supervise; Unsuitability; Breach of FINRA rules Timberland; Questor Pharmaceuticals; Emcore; Converted Organics; Sigma Designs; Macroshares; Agfeed Industries; Northern Oil & Gas; Solarfun; Ceragon; Omni Energy stocks $77,000.00 (compensatory); Punitive damages $30,800.00 (compensatory damages); Costs relating to any hearing session fees, including any discovery conferences Commissions generated; Interest; Attorneys’ fees; Costs John Richard Lynch (P) N/A Sole Arbitrator
09-06972 12/12/2009 3/25/2011 Claims dismissed; Recommends expungement for Respondent Moler Judy K. Walters Wachovia Securities, LLC n/k/a Wells Fargo Advisors, LLC; Robert Bruce Moler, Jr. Tampa, FL Pro se Daniel J. Gilfarb, Esq. Breach of fiduciary duty N/A N/A N/A $20,925 (repayment of loss); $1,144.16 (repayment of interest); $7,459.40 (repayment of loss of sales) Jack Helms (P) N/A Sole Arbitrator
09-07051 12/14/2009 3/11/2011 Claims dismissed; Recommends expungement Ross Carter; Jane Carter Morgan Stanley Dean Witter a/k/a Morgan Stanley & Co. Inc., and a/k/a Morgan Stanley Smith Barney Boca Raton, FL Robert K. Savage, Esq.; Brenda Combs, Esq. Lisa B. Dodge, Esq. Violation of Florida Statutes Chapter 517; Negligence; Breach of fiduciary duty; Failure to supervise; Fraud; Respondeat superior Central European Distribution Corporation stock $497,000.00 (compensatory) N/A Interest; Attorneys’ fees; Costs Diana A. Weiner (P) Oliver J. Janney (P); Jason D. White (NP) Mixed
09-07062 12/16/2009 3/25/2011 In favor of Claimants Elise L. Moore; F. David Moore Morgan Stanley Smith Barney; Marc H. Lock Phoenix, AZ Elise L. Moore Alejandro Schwed, Esq. Breach of contract; Failure to supervise; Negligence; Breach of fiduciary duty; Misrepresentations; Omission of facts Certificates of deposit; Foreign government securities; Foreign corporate bonds $75,943 compensatory damages $15,000 compensatory damages; Interest $7,500 punitive damages; $75,943 interest; $2,000witness and production fees; Attorneys’ fees Seymour A. Kolman (P) N/A Sole Arbitrator
09-07075 12/14/2009 3/1/2011 Claims dismissed Roger Elswick Chase Investments Services Corp. Houston, TX Travis C. Crowder, Esq. Bradley J. Johnson, Esq. Breach of contract; Negligence FAIRX shares $14,098.58 (compensatory); Punitive damages N/A Interest; Attorneys’ fees; Costs; Other monetary relief Alisa Ruth (P) N/A Sole Arbitrator
09-07099 12/15/2009 3/11/2011 Claims dismissed Daniel M. Bishop Vicki Lee Moffatt; AFS Brokerage, Inc.; Evolve Securities, Inc.; Hartford Securities Distribution Company, Inc.; Hartford Equity Sales Company, Inc. Portland, OR Fred S. Clark, Esq. Vicki Lee Moffatt, Pro se; Kenneth Shade, CCO, AFS Brokerage, Inc.; Jeffrey D. Hedlund, Esq. Misrepresentation; Failure to disclose material information; Breach of contract; Failure to supervise; Violations of self-regulating organization rules, government agency regulations and state and federal laws Shares of Hartford Life and Annuity Insurance Company Director-M Plus Variable Annuity $92,207.51 (compensatory) N/A $45,500 (interest); Attorneys’ fees; $1,000,000 (punitive damages) O. Meredith Wilson, Jr. (P) William H. King (P); George R. Milne (NP) Mixed
09-07161 12/23/2009 3/31/2011 In favor of Claimants Mary Elliott Brandin; Mary Elliott Brandin, Trustee of The Mary Elliott Brandin Trust Merrill Lynch, Pierce, Fenner & Smith, Inc. St. Louis, MO John A. Klobasa, Esq. Tara A. LaClair, Esq. Breach of fiduciary duty; Failure to supervise; Negligence; Suitability Unspecified real estate $1,000,000.01 (compensatory) $470,500.00 (compensatory) Interest; Other non-monetary relief David B. Lacks (P) Robert J. Bohle (P); Marilyn T. Selby (P) Public
09-07170 12/21/2009 3/10/2011 Claims denied in their entirety; Recommendation of expungement David H. Mcintosh; Terri S. Mcintosh RBC Capital Markets Corp. Philadelphia, PA Debra G. Speyer, Esq. Joseph F. Keenan, Esq. Unsuitability; Failure to supervise; Negligence; Breach of fiduciary duty; Material misrepresentations and omissions; Breach of contract; Violation of New Jersey State securities law Unspecified mortgage backed securities $180,000.00 (compensatory); Punitive damages N/A Interest; Legal fees; Forum fees E. William Pastor (P) Jerry Schuchman (P); Glenn J. Hansen, CFP (NP) Mixed
09-07231 12/28/2009 3/7/2011 In favor of Claimant Sonie Kim United Equity Securities, LLC; William Brown Park Los Angeles, CA Leonard Steiner, Esq. William Brown Park Federal and state securities law violations; Breach of contract; Breach of fiduciary duty; Negligent and/or intentional misrepresentation; Failure to supervise; Negligence Unregistered securities; the oil and gas exploration program, Texas Energy Holdings, Inc. $60,000 (compensatory); Punitive damages $47,500.00(compensatory); $70,000.00 (punitive); $17,500.00 (pre-judgment interest); $105,000.00 (post-judgment interest); $225.00 (initial claim filing fee) Interest; Costs; Attorneys’ fees Michael M. Hachigian (P) N/A Sole Arbitrator
10-00009 12/29/2009 3/3/2011 Respondent Morgan Keegan is liable; Claims are dismissed against Respondent Almeyda; Recommendation of expungement for Respondent Almeyda Jeffrey S. Lieberman; Marisel Lieberman Morgan Keegan & Company, Inc.; Julio Almeyda Miami, FL Barbara J. Riesberg, Esq. Ashley Aronowitz-Barron, Esq. Janet P. Jakubowicz, Esq.; Reva D. Campbell, Esq. Fraudulent misrepresentation; Breach of fiduciary duty; Negligence; Negligent misrepresentation; Violation of Tennessee Statutes; Violation of Chapter 517, Florida Statutes; Respondeat superior; Negligent supervision Ponzi scheme investments in Greenwich Sentry, LP Hedge Fund $200,000.00 (compensatory); Punitive damages $200,000.00 (compensatory); Interest; $14,000.00 (expert witness fees); $300 (initial filing fee); $50,000 (punitive) Pre-award and post-award interest; Attorneys’ fees; Costs Bernard A. Becker (P) David M. Levine (P); Bernard (Bob) L. Loring (NP) Mixed
10-00339 1/21/2010 3/17/2011 Claims denied Barbara M. Willis Great American Advisors, Inc.; Interactive Financial Advisors, Inc. Richmond, VA W. Scott Greco Esq.; Frederick D. Greco, Esq.; Julia L. McAfee, Esq. Joseph M. Callow, Jr., Esq.; James L. Kopecky, Esq.; Howard Rosenburg, Esq. Violations of the Virginia Securities Act, Federal securities fraud and common law fraud and constructive fraud; Breach of fiduciary duty; Unsuitability under Virginia law, federal law, and FINRA Conduct Rules; Negligence and negligent supervision; Breach of contract; Respondeat superior/control person liability Private placement investment loan in Queen Shoals II, LLC $85,000.00 (compensatory); Punitive damages N/A Interest; Opportunity loss of use of investment funds damages; Costs; Attorneys’ fees Roderick B. Matthews (P) N/A Sole Arbitrator
10-00344 1/25/2010 3/7/2011 Claims denied Curt W. Lehner Alpine Securities Corp.; Clark Johnson; Todd Lee Groskreutz; Brian Reed Peterson; Jeffrey Scott Peterson; Jonathan Clark Peterson; Robert Tew Seattle, WA Charles J. Hecht, Esq.; Daniel Tepper, Esq. Steven G. Loosie, Esq. Breach of fiduciary duty; Failure to execute; Failure to supervise Stock in Genova Biotheraputics, Inc. $4,407,000.00 (compensatory) N/A Interest; Costs William J. Bender (P) Laurie E. Law (P); Peter G. Walker (NP) Mixed
10-00351 1/19/2010 3/21/2011 In favor of Claimant John Coker Sterne, Agee & Leach, Inc.; i-Tradedirect.com Corp.; Kenneth Michael Dwyer Dallas, TX Allen L. Williamson, Esq. Meredith Jowers Lees, Esq. Churning; Breach of fiduciary duty; Negligence Unauthorized purchase of LMC stock $291,455.50 (compensatory); Punitive damages $291,455.50 (compensatory); $8,670.80 (interest); $100,000 (punitive); $1,250 (costs); $45,000 (attorneys’ fees) $8,670.80 (interest); $45,000.00 (attorneys’ fees); $1,250.00 (other costs) Frances Johnson Wright (P) Russell H. Hairston (P); Thomas M. Campbell, Jr. (NP) Mixed
10-00418 1/26/2010 3/17/2011 Claims denied; Recommended for expungement Lawrence F. Haaker Morgan Stanley & Co., Inc.; John Dunn New York, NY Johnathan Sack, Esq. August “Jamie” H. Schupp, Esq. Breach of fiduciary duty; Failure to supervise; Failure to execute trades Bear Stearn options $61,206.35 (compensatory); $122,412.70 (punitive); $122,412.70 (treble) N/A Costs Julian F. Santos (P) Anna Lascar (P); Robert Rabinowitz (NP) Mixed
10-00571 2/2/2010 3/24/2011 Parties entered into an agreement; Recommendation of expungement for Respondent Bowie Timothy M. Moses Wells Fargo Advisors, Inc.; Virginia C. Bowie Richmond, VA Robert L. Isaacs, Esq. Andrew Park, Esq. Breach of fiduciary duty; Suitability; Negligence; Violation of Virginia Administrative Rule 21 VAC5-80-200 Failure to place a portion of Claimant’s IRA into unspecified securities $69,366.50 (compensatory) N/A $23,122.17 (attorneys’ fees); Costs; Interest Donita M. King (P) N/A Sole Arbitrator
10-01290 3/16/2010 3/2/2011 Claims denied; Recommendation of expungement for Charles Radcliffe and Cheryl Deknatel Vincent A. Cipollaro Morgan Stanley and Co., Inc. New York, NY Michael M. Steinmetz, Esq. Susan Poder MacFarlane, Esq. Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; Negligent supervision; Breach of conduct; Respondeat superior Unspecified securities $400,000.00 (compensatory) N/A Costs Paul S. Biederman (P) Alfred H. Kingon (P); Arthur M. Schoenberger (NP) Mixed
10-01528 3/21/2010 3/31/2011 In favor of Claimants Kay F. Red Horse; Kay F. Red Horse Revocable Trust; Charitable Remainder Trust of Kay F. Red Horse Morgan Keegan & Company, Inc. Nashville, TN Bruce D. Oakes, Esq. Clinton J. Simpson, Esq.; Kavita G. Shelat, Esq. Breach of fiduciary duty; Violation of Tennessee’s Securities Act; Negligence; Negligent misrepresentation; Omission; Common law fraud; Breach of contract; Negligent supervision Variable annuities: Lincoln American Legacy III Plus; Hartford Leaders Outlook III; Lincoln Legacy III View; Lincoln American Legacy III $500,000 (compensatory); Punitive damages $167,182.64 (compensatory); Interest; $48,250.00 (attorneys’ fees); $9,442.00 (costs); $300.00 (initial filing fee) Interest; Attorneys’ fees; Costs Katherine M. Harmeyer (P) Daniel M. Yamshon (P); Karen J. Zvonecek (NP) Mixed
10-02023 4/27/2010 3/21/2011 In favor of Claimant Tatsuko Wein Wedbush Morgan Securities, Inc. Los Angeles, CA Thomas L. Gourde, Esq. Charles LaChaussee, Esq. Unauthorized trading Unspecified securities; Unspecified annuities $75,000.00 (compensatory) $56,024.00 (compensatory); $4,000.00 (costs) $18,000.00 (costs) Erik R. Slering (P) Chuba B. Abaelu (P); Gerald C. Tembe (NP) Mixed
10-02474 5/21/2010 3/1/2011 Claims dismissed Gregory R. Raifman; Susan Raifman; The Raifman Family Revocable Living Trust; Gekko Holdings, LLC; Helicon Investments, Ltd. Wachovia Securities, LLC; George M. Gordon, III San Franciso, CA Brian G. Isaacson, Esq.; Mark J. Wilson, Esq. Ronald E. Wood, Esq.; David A. Picon, Esq. Fraud, concealment, and conspiracy to commit fraud; Breach of fiduciary duty; Breach of contract; Aiding and abetting fraud and breach of fiduciary duty; Violation of California Securities Act; Violation of NASD and NYSE Rules; Conversion Stock loans known as the Derivium 90% Stock Loan, an alleged Ponzi scheme offered by Derivium Capital LLC $2,128,035.00 (compensatory); $10,235,600.00 (consequential); Punitive damages N/A Interest; Costs; Attorneys’ fees Frank R. Weaver (P) Nancy Hutt (P); Mary Ellen Curran (NP) Mixed
10-02524 5/27/2010 3/7/2011 In favor of Claimant Leonard J. Massello Merrill Lynch, Pierce, Fenner & Smith, Inc. Boca Raton, FL Kevin T. Hoffman, Esq. Neil Baritz, Esq.; Robert Harris, Esq. Common law fraud; Negligence; Conversion; Breach of fiduciary duty; Breach of Florida Blue Sky regulations Various securities including, but not limited to: USB Capital X 6.50%; Merrill Lynch & Co. ARN SPX; Merrill Lynch & Co. ARN NDX; Federal National Mortgage Assn.; Freddie Mac New Money Ser T 6.42% Preferred; HSDC Financial Corp. 6.36% Preferred; Lehman Brothers Holdings Preferred Stock 6.50% Perpetual; Morgan Stanley Cap VIII 6.45% $679,227.02 (compensatory); Punitive damages $259,024.21 (compensatory); Pre-judgment interest; Attorneys’ fees; $375.00 reimbursement of claim filing fee Interest; Attorneys’ fees; Costs; Expenses Steven E. Elsenberg (P) Edward R. Niederriter (P); Judith Kelner Chu (NP) Mixed
10-03198 7/9/2010 3/3/2011 In favor of Claimants Elbert C. Henson by and through his Power of Attorney, Marcia Henson Ward Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq. Joel M. Everest, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Violations of Securities Regulatory Rules; Violations of the Alabama Securities Act; Intentional and negligent misrepresentation; Omission of material facts; Breach of duty of good faith and fair dealing; Gross negligence RMK Multi-Sector High Income Fund; RMK Advantage Income Fund, Inc. $25,000.00 (compensatory); Punitive damages $15,785.10 (compensatory); Pre and post judgment interest; $425.00 (costs) Pre and post judgment interest; Attorneys’ fees; Costs; Net out of pocket losses; Recission; All charges to the account; Lost earnings Marc Kalish (P) N/A Sole Arbitrator
10-03264 7/14/2010 3/28/2011 In favor of Claimant Mildred O. Wells Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq. Jaime H. Scivley, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Violation of Securities Regulatory Rules; Violation of the Alabama Securities Act; Intentional and negligent misrepresentation; Omission of material facts; Wrongful self-dealing actions; Breach of duty of good faith and fair dealing; Failure to properly execute duties; Gross negligence Morgan Keegan Select Intermediate Bond Fund (RIBCX) $25,000.00 (compensatory); Punitive damages $25,000.00 (compensatory); Post-judgment interest; $425.00 (costs) Interest; Attorneys’ fees; Costs; Net out of pocket losses; All charges to the account; Lost earnings; Rescission Larry J. Craddock (P) N/A Sole Arbitrator
10-03355 7/23/2010 3/8/2010 In favor of Claimant Jeffrey R. Olson Ralph Thomas Gannett; Cullum & Burks Securities, Inc. N/A Pro se Respondent Ralph Thomas Gannett appeared pro se; Respondent Cullum & Burks Securities, Inc., did not enter an appearnace in this matter Negligence ProFunds mutual funds $25,000.00 (compensatory) $20,000.00 (compensatory); $425.00 costs Costs William B. Ross (P) N/A Sole Arbitrator
10-03357 7/23/2010 3/7/2011 In favor of Claimants Saul Witenoff; Saul Witenoff Revocable Trust Wells Fargo Advisors, LLC, Successor in interest to Wachovia Securities, LLC; Sherwyn Joel Labovitz N/A Stephen L. Witenoff, Esq. Alan S. Rafterman, Esq. Wrongdoing; Negligence; Respondeat superior Fannie Mae preferred stock; Deutsche Bank preferred stock $23,467.51 (Compensatory) $23,467.51 (compensatory) ; $425.00 (costs) Interest; Attorneys’ fees; Costs A. Robert Stevenson (P) N/A Sole Arbitrator
10-03694 8/14/2010 3/25/2011 Claims denied Mary Ellen Gabor Emir Culov; HSBC Securities (USA) Inc. N/A Pro se Meredith L. Friedman, Esq.; HSBC Securities (USA) Inc. Misrepresentation; Unsuitability Oppenheimer Main Street Opportunities Fund; Oppenheimer Global Fund $4,430.00 (compensatory); $570.00 (punitive) $157.50 (costs) N/A Ralph L. Halpern (P) N/A Sole Arbitrator
10-03896 8/30/2010 3/2/2011 Claims denied Ellen Jacob, custodian for John Jacob Fitsch/UGMA NY Merrill Lynch, Pierce, Fenner & Smith, Inc. N/A Pro se Stuart T. Rebish, Esq. Breach of fiduciary responsibility; Egregious omission of material facts and risks; Misleading disclosure; Unsuitability; Unfair dealing and misrepresentation with regard to lottery; Failure to make full disclosure and timely, accurate notiification; Failure to supervise New York State Urban Development Corporation municipal bond $25,000.00 (compensatory) $212.50 (costs) Interest; $500.00 (costs) Eric P. Nachman (P) N/A Sole Arbitrator
10-03996 9/3/2010 3/3/2011 Claims denied Randall J. Medow; American States Auto Plan, Inc. Citigroup Global Markets, Inc. N/A Keith L. Griffin, Esq. Harper Robinson, Esq. Misrepresentations and omissions; Violation of the Indiana Securities Act; Breach of fiduciary duty; Violation of NASD Conduct Rules; Negligence; Failure of supervision; Breach of contract; Fraudulent misrepresentation; Vicarious liability Fannie Mae preferred shares $19,500.00 (compensatory); $5,000.00 (punitive) N/A Interest; Attorneys’ fees; Costs Rody P. Biggert (P) N/A Sole Arbitrator
10-03998 9/3/2010 3/15/2011 In favor of Claimants William H. Marshall, Jr.; Jane E. Marshall; Joint TTEE; Marshall Revocable Living Trust A Charles Schwab & Co., Inc. N/A William H. Marshall, Jr. Richard A. Karoly, Esq. Breach of fiduciary duty; Fraud and misrepresentation; Breach of contract; Failure to supervise; Violation of federal and state securities laws Schwab YieldPlus Select Fund $25,00000 (compensatory) $15,000.00 (compensatory) Interest; Costs Frank R. Weaver (P) N/A Sole Arbitrator
10-04165 9/10/2010 3/31/2011 Claims denied Peter B. Bradford; Georgann Bradford; Georgann Bradford, IRA Charles Schwab & Co., Inc. N/A Peter B. Bradford, Esq. Sean B. Meehan, Esq. Failure to disclose the real risks in the fund; Failure to advise that the fund had changed; Investment advisors were improperly supervised Schwab YieldPlus Fund $7,370.81 (compensatory) N/A Interest Melinda G. Jayson (P) N/A Sole Arbitrator
10-04219 9/17/2010 3/31/2011 In favor of Claimants Lamar Potts; Ann M. Potts Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq. Curt R. Soefker, Esq. Breach of fiduciary duty; Breach of contract; Violation of Securities Regulatory Rules; Failure to supervise; Violation fo the South Carolina Securities Act; Breach of duty; Gross negligence RMK Strategic Income Fund, Inc. $25,000.00 (compensatory); Punitive damages $25,000.00 (compensatory); $125.00 (costs) Pre-judgment interest; Post-judgment interest; Attorneys’ fees; Costs; Out of pocket losses; Lost earnings; Recission Kenneth Hoffner (P) N/A Sole Arbitrator
10-04480 10/6/2010 3/15/2011 Claims denied Jerome J. Hurt; Theresa L. Hurt Edward D. Jones & Co., L.P.; Brian Simmons N/A Sarah M. Harless Dennis J. Capriglione, Esq. Negligent supply of information for the guidance of others; Negligent, intentional and strict responsibility misrepresentations; Negligence; Breach of fiduciary duty; Breach of contract Unspecified municipal bonds $15,475.00 (compensatory) N/A Attorneys’ fees; Costs Robert S. Burk (P) N/A Sole Arbitrator
10-02681 6/7/2010 4/29/2011 Claims denied Paul H. Ratzlaff; Paul H. Ratzlaff on behalf of his IRA rollover accounts Morgan Stanley Smith Barney, LLC Tampa, Florida W. Andrew Clayton, Jr., Esq.; Jessica Lavely Clayton, Esq. Tracy L. Gerber, Esq.; Elizabeth E. Moum, Esq. violation of Florida Securities and Investor Protection Act; equitable recission; breach of fiduciary duty; negligence; breach of contract; fraud; negligent misrepresentation Allstate stock $ 539,182.62 (compensatory) n/a Rescission; expectation losses; return of all funds paid by Claimant; interest, costs; attorneys’ fees Kathryn M. Walsh (P) Lawrence Gray Sanders (P); Irwin Glazer (NP) Mixed
10-04428 9/29/2010 4/28/2011 In favor of claimant Darlene J. Gordon MetLife Securities, Inc.; Eric T. Glod n/a pro se Samuel E. Cohen, Esq. negligence; unethical business practices unspecified mutual funds $ 24,000.00 $ 802.49 n/a John W. Eichleay, Jr. (P) n/a Public
10-04456 10/1/2010 4/28/2011 In favor of Claimant George Lee Tallman, Jr.; Barbara V. Tallman Morgan Keegan & Company, Inc. n/a Richard S. Frankowski, Esq. Julie Wilson Portera, Esq. breach of fiduciary duty; breach of contract; unsuitability; failure to supervise; violation of Securities Regulatory Rules; intentional and negligent misrepresentation of material facts; wrongful self-dealing actions; breach of duty of good faith and fair dealing; gross negligence; failure to properly execute duties RMK Multi-Sector High Income Fund (RHY); Strategic Income Fund (RSF) $ 25,000.00 $ 19,762.16; $ 425.00 (costs) Unspecified punitive; interest; attorneys’ fees Marc Kalish (P) n/a Public
10-01192 3/11/2010 4/27/2011 In favor of Caimant Andrew and Blenda Wright as Trustees of the Wright Family Living Trust John Marshall; Rollance Verkennis; Lincoln Financial Advisors Corporation Los Angeles, California Robert C. Rosen, Esq.; Kirsten Anderson, Esq. Joseph C. Campo, Esq. negligent misrepresentation; fraud and intentional misrepresentation and/or omissions; failure to supervise; breach of fiduciary duty; unsuitable transactions; unauthorized transactions; elder abuse; breach of contract Mont Yale Large Cap Growth Qualified Fund; the Mont Yale Small Cap Qualified Fund; Johnston Asset Management International Equity Fund; Kinetics Advisers Institutional Partners; Rye Select Broad Market Fund, a “feeder fund” for a fund managed by Bernard L. Madoff Investment Services, LLC $ 1,500,000.00 (compensatory) $ 1,170,500.00 (compensatory); $ 590,000.00 (compensatory); $ 600.00 (filing fee) Disgorgement of all commissions and advisory fees; Interest; Exemplary/Punitive damages; Attorneys’ fees Alan Stamm (P) Thomas W. Gregory (P); Katharine Reed Coleman (NP) Mixed
10-04747 10/20/2010 4/27/2011 Claims denied Robert Fortinsky; Barbara Shadie Frank Smookler; Brookville Capital Partners, LLC n/a Allan M. Kluger, Esq. Brett D. Zinner, Esq. violation of Sections 10(b) and 20(a) of the 1934 Act [14 U.S.C. 78j (b) and 78t (a)]; Rule 10b-5 [17 C.F.R. 240.10b-5]; violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law [73 P.S. 1-201 et seq.]; Pennsylvania Securities Act of 1972, 70 P.S. 1-101 et. seq.; breach of fiduciary duty; common law fraud; negligence; breach of contract Melco Crown Entertainement Limited (MPEL) common stock $ 18,000.00 $ 212.50 (costs) 5,500 (attorneys’ fees); $ 425.00 (costs); Interest Jerry Schuchman (P) n/a Public
10-04923 11/2/2010 4/27/2011 Claims denied Lucian Leonte; Marie Leonte Firstrade Securities Inc. n/a pro se Peter E. Gschweng negligence Glitnir Banki HF Medium Term Senior Bank Notes $ 1,140.00 $ 37.50 (costs) $ 1,054.00 (costs);$ 75.00 (costs) Jeffrey G. Sommers (P) n/a Public
10-05353 11/26/2010 4/27/2011 In favor of Claimant Donald R. Toussaint BNY Mellon Securities LLC n/a pro se n/a Inability to exercise the subscription rights; mishandling of payment Pacific Capital Bancorp common stock $ 2,355.84 $ 2,355.84; $ 75.00 (costs) n/a Martin Mandel (P) n/a Public
09-02641 5/6/2009 4/27/2011 Claims denied M. Michele Sawyer Horwitz & Associates, Inc.; Carlos Legaspy San Diego, California Jeffrey P. Lendrum, Esq. Dennis J. Kelly, Esq. Unsuitability of securities under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C.S. 78j; churning of securities account under 17 C.F.R. 240.1 10b-5; breach of fiduciary duty under California law; deceit under California law; violation of California Corporations Code section 25400, subd. (d); violation of California Corporations Code section 25401; negligence; unauthorized trading Unspecified option contracts $1,631,218.08 n/a Exemplary ($3,000,000.00); rescission; disgorgement, costs of suit; attorneys’ fees; other relief Guenter S. Cohn (P) E. Mitton Frosburg (P); Cynthia B. Stone (NP) Mixed
10-01473 3/29/2010 4/26/2011 Claims dismissed Adeyinka Adedeji Fidelity Investment Institutional Services New York, New York pro se Aimee E. Bierman, Esq. recovery of assets unspecified securities $ 100,000.00 (compensatory) n/a n/a Cynthia A. Dimarco (P) n/a Public
10-04341 9/27/2010 4/26/2011 Claims denied Kathleen S. O’Brien Thomas J. Feely; Edward Jones n/a pro se David W. Schmidt, Esq. lack of supervision; negligence; unsuitability Edward Jones Money Market Retirement Shares $ 2,175.90 $ 75.00 (costs) Unspecified punitive damages Michael Fischetti (P) n/a Public
10-01085 3/4/2010 4/25/2011 In favor of Claimant John A. Mason UBS Financial Services Inc. Los Angeles, California pro se Kathleen S. Adams, Esq. breach of fiduciary duty; misrepresentations; omissions; breach of contract; negligence; failure to execute Foreign stock $ 110,000.00 (compensatory) $ 13,000.00 (compensatory) Attorneys’ fees; forum fees John E. Ohashi (P) Harold K. Hunt (P); Mark A. Levy (NP) Mixed
10-01456 3/22/2010 4/25/2011 Claims denied; claims dismissed Stanley Goldman, Executor of The Estate of Harvey Rosner, Deceased U.S. Bancorp Investments, Inc.; Kristen Hummel Cleveland, Ohio Thomas C. Wagner, Esq. Joseph S. Simms, Esq. suitability; breach of fiduciary duty; breach of contract; negligence; failure to supervise; fraud; misrepresentation Nationwide fixed-income single-life annuity $ 65,302.00 (compensatory) n/a Unspecified punitive; $8,722.13 (interest); $ 28,250.00 (attorneys’ fees) Jeffrey M. Bain (P) n/a Public
10-00594 2/5/2010 4/21/2011 Claims settled Joan Edington Schaefer; Declan R. Schaefer; James C. Edington Trust dated 8/2/1972; POA of James C. Edington IRA Morgan Stanley Smith Barney Orlando, Florida Brian G. Mooney, Esq. Christopher J. Gawley, Vice President, Legal and Compliance Division unsuitability; breach of contract; breach of fiduciary duty; negligence; gross negligence; fraud; negligent supervision; unauthorized trading Apple, Inc.; Archer Daniels Midland; At&T, Inc.; Bank of America; BP PLC; Citigroup; Clough Global Opportunities; Comcast Corp.; Conoco Phillips; Country Wide; Cubist Pharmaceuticals $ 285,000.00 compensatory); $ 855,000.00 (punitive); $ 23,108.17 (interest) n/a Interest; costs; attorneys’ fees Paul Sidney Elliott (P) Lauren S. Puritz (P); Thomas Roe Oldt (NP) Mixed
10-01040 3/3/2010 4/21/2011 In favor of Claimant Demetrios G. Kamaris; Toni L. Kamaris Wells Fargo Advisors, LLC Chicago, Illinois Bruce D. Oakes, Esq. Richard H. Kuhlman, Esq. breach of fiduciary duty; violation of Illinois’ Securities Act; common law frad; breach of contract; negligence/negligent misrepresentation/omission; negligent supervision Unsuitable investment and trading strategy, which too aggressively invested in unspecified speculative stocks, contained naked put options and was significantly leveraged on margin $ 425,000.00 (compensatory) $ 153,000.00 (compensatory) Punitive Damages; Interest; Attorneys’ fees Thomas F. Mahoney (P) Charles F. Custer (P); Donald Whiteman (NP) Mixed
10-01844 4/14/2010 4/21/2011 Claims denied Kenneth P. Ayers; Kenneth P. Ayers as Trustee of the Kenneth P. Ayers Revocable Living Trust, U/A 4/15/2005 A.G. Edwards & Sons, Inc. n/k/a; Wells Fargo Advisors Tampa, Florida Robert K. Savage, Esq.; Brenda M. Combs, Esq. Peter B. King, Esq.; Dominique Heller Pearlman, Esq. violation of Chapter 517 of the Florida Statutes; negligence; breach of fiduciary duty; failure to supervise; respondeat superior WCI Communities stock $ 1,895,688.00 (compensatory); $ 3,000,000.00 (punitive) n/a Interest; costs; expenses; disbursements; expert witness fees; written finding that Respondent violated Florida Statute 517 Patricia Zimmerman (P) Hal Holtsinger (P); John Verchot (P) Public
10-03372 7/23/2010 4/20/2011 Claims denied Melisa Ann Stone; Jerry C. Stone Morgan Stanley Smith Barney; James Patrick Kinnally Little Rock, Arkanses pro se Timothy B. Atkins, Es.q manipulation Commodity linked capital protected note $ 4,599.00 (compensatory) n/a Interest (3% per annum); costs; FINRA fees Elton W. Chartrand (P) n/a Public
09-01327 3/6/2009 4/20/2011 In favor of Claimant Palmer S. Albertine; Kathy M. Albertine; Jon D. Albright; Sam Davis; Suzan Davis; William D. Irvine; Amy R. Irvine; Peter Tashie; Kendall S. Tashie Morgan Keegan & Company, Inc.; Regions Financial Corporation Memphis, Tennessee Dale Ledbetter, Esq.; G. Robert DeLoach,
Esq.
Terry R. Weiss, Esq.; Jennifer Tomsen, Esq. Misrepresentations and omissions; breach of fiduciary duty; unsuitable investments; negligence; failure to supervise; breach of contract; vicarious liability; violation of FINRA rules; violation of the Securities and Exchange Act RMK Multi-Sector High Income; RMK Strategic Income Fund; RMK High Income Fund; RMK Advantage Income Fund; RMK Select Intermediate Bond Fund $1,600,000.00 (compensatory) $33,382.00 (compensatory); $105,844.00 (compensatory); $254,642.00 (compensatory); $458,625.00 (compensatory); $28,500.00 (witness fees); $600.00 (filing fees) Interest on the foregoing amount; any and all costs of the action Monica I. Salis (P) Mary P. Bass (P); Teresa A. Dunn (NP) Mixed
09-02465 4/29/2009 4/20/2011 Claims denied; claims dismissed Paul M. Seeley; Iris Seele Morgan Stanley & Co., Inc. Chicago, Illinois Paul D. Malmfeldt, Esq.; Les Blau, Esq. Daniel Derechin, Esq.; Gregory B. Simon, Esq. Breach of fiduciary duty; negligence; breach of contract; violation of the Illinois Consumer Fraud and Deceptive Practices Act; violation of FINRA Conduct Rules 2310: unsuitability and 3010: failure to supervise; violations of 10(b) of the Securities Exchange Act and Rule 10b-5 Citigroup, Inc. preferred stock; Federal National Mortgage Association preferred stock; Bank of Amierca Corporation preferred stock $140,609.51 (Compensatory); $185,597.30 (Punitive) n/a Interest; Attorneys’ fees; other costs Jack J. Herman, J.D. (P) G. Marshall Abbey (P); Jerome Stern (P) Mixed
09-04114 7/9/2009 4/19/2011 Claims denied Search Ministries, Inc. Citigroup Global Markets, Inc. Baltimore, Maryland Gary R. Long Karl L. Marquardt consequential damages relating to the investment in auction rate securities Auction rate securities $ 37,390.50 (consequential) n/a n/a Herbert B. Williams n/a Public
09-06055 10/20/2009 4/19/2011 Claims denied Gary Hilert The GMS Group, LLC Boca Raton, Florida Adolfo Anzola, Esq. John E. Jenkins, Esq. negligence; breach of contract; common law fraud; breach of fiduciary duty; unsuitability; failure to supervise; violation of industry rules; negligent hiring, retention and supervision; misrepresentations/ommissions; failure to diversify Municipal bonds $ 800,000.00 (compensatory) n/a Recission; unspecified punitive damages; interest; costs Frances D. Sheehy (P) Theodore Israel Herold (P); John H. Claudy (NP) Mixed
10-00208 1/10/2010 4/19/2011 Claims dismissed; Claims settled Paulus Kersten; Joann Kersten Mutual Service Corporation; LPL Financial Corporation; David J. Smolarek Detroit, Michigan Anthony V. Trogan, Jr., Esq. Daniel W. Rucker, Esq.; Bradley R. Schram, Esq. breach of contract; common law fraud; conspiracy; promissory estoppel; negligence; malpractice; breach of fiduciary duty; breach of state securities law Jackson National variable annuity products $ 300,000.00 (compensatory) n/a Unspecified punitive damages; interest; attorneys’ fees; other costs; other monetary Lee Hornberger (P) Diane Catherine Tietmeyer (NP) Mixed
10-00328 1/20/2010 4/19/2011 Claims denied World-Wide Sports Promotion, Ltd Ameriprise Financial Services, Inc.; Jared Cohen New York, New York Steven Michael Schwartz, J.D. Edward A. Walton, Esq. errors/charges; negligence; breach of fiduciary duty; suitability Unspecified preferred stocks $ 4,620.00 n/a n/a Cheryl H. Agris (P) n/a Public
09-03912 6/23/2009 4/19/2011 Claims denied; claims dismissed John Hogge A.G. Edwards & Sons, Inc. Houston, Texas Mark Cohen, Esq. Will S. Montgomery, Esq. Breach of fiduciary duty; fraud; negligent misrepresentation S&P Managed Futures Index Fund, LP $400,000.00 (compensatory) n/a Attorneys’ fees ($31,768.36); Other costs; other monetary relief Philip I. McConnell (P) George A. Sellnau (P); James G. Cooper (NP) Mixed
10-03985 8/31/2010 4/18/2011 In favor of Claimant Estate of Lula Mae McDonald Edward Jones; Melanie Jo Housden n/a Patricia Coy, Esq. Shane Duggin, Esq. breach of agreement; breach of fiduciary duty General Motors Acceptance Corporation bonds $ 15,005.83; $ 5,000.00 (punitive) $ 15,005.83; $ 425.00 (costs); $318.75 Interest; Attorneys’ fees; costs Maryanne M. Esser (P) n/a Public
09-06647 11/20/2009 4/15/2011 In favor of Claimant Rosemary M. Gilbert; The Rosemary M. Gilbert IRA; The Edward S. Gilbert Jr. and Rosemary M. Gilbert Revocable Trust DTD 12/20/2000; Edward S. Gilbert; The Edward S. Gilbert Jr. IRA; Laurie Knapp; The Laurie Knapp IRA; The Robin Gayle Wood Revocable Trust by Robin Wood f/k/a Robin G. Thomas DTD 9/13/2006 Harrison Douglas, Inc.; Stephen J. Hrynik; Douglas W. Schriner; Charles E. DeLao Los Angeles, California pro se pro se breach of fiduciary duty; failure to supervise and control; financial abuse; violation of state and federal securities laws, FINRA rules of fair practice, NYSE rules multiple investments in various securities, including but not limited to Provident Royalties, LLC; Medical Capital Holdings; Desert Capital REIT, Inc.; United Development Fund III, LP ETR Pasco Fund II, LLC $ 1,648,173.00 (compensatory) $ 200,000.00 (compensatory); $ 600.00 (filing fee) Forum and filing costs; unspecified punitive damages; attoeneys’ fees ($5000.00 to $8000.00) Benjamin F. Breslauer (P) Norman Cousins Sasamori, LLM (P); Grace L. Heyne (NP) Mixed
10-00083 1/4/2010 4/15/2011 Claims dismissed; Claims settled David N. Harvey; Sharon L. Harvey; Harvey Family Trust Dated 08/30/06 Wells Fargo Investment, LLC; Wells Fargo Bank, NA; Matthew Medeiros San Francisco, California Geoffrey O. Evers, Esq. G. Thomas Fleming III, Esq.; Kasumi Takahashi, Esq. breach of fiduciary duty; negligent misrepresentation; intentional misrepresentation; fraud; negligent supervision; negligence; Business and Professions Code Section 17200 – Engagement in Unfair Competition; breach of covenant of good faith and fair dealing; California Corporations Code 25400 Reverse convertible securities $ 1,650,000.00 (special damages); $ 800,000.00 (special damages) n/a Filing and session fees; attorneys’ fees; expert costs; consquential damages Herb Schwartz (P) Walter P. Hitchcock (P); Richard Conlon Lehrmann (NP) Mixed
10-00622 1/30/2010 4/15/2011 Claims denied John H. McMickle, Jr. George P. Moler; Merrill Lynch Boca Raton, Florida pro se Robert C. Harris, Esq. negligence; breach of duty; unsuitability General Motors bonds $ 144,000.00 (compensatory) n/a Punitive damages equal to three times acutal damages; interest; costs Marie Peterson (P) Harvey Preston (P); Doug Campbell (NP) Mixed
10-04455 10/1/2010 4/15/2011 Claims dismissed Alan S. Zelenski Richard Bucaro; Jeffrey Thiele; Wells Fargo Advisors, LLC n/a pro se Yoonsun Chung, Esq. failure to supervise; breach of contract; breach of fiduciary duties; negligence n/a $ 23,295.39; $ 1,704.61 (punitive) n/a interest Douglas Earl McLaren (P) n/a Public
10-04511 10/6/2010 4/15/2011 Claims denied Gail Crider Morgan Keegan & Company, Inc. n/a Richard S. Frankowski, Esq. Bonnie B. Monroe, Esq. breach of fiduciary duty; breach of contract; unsuitability; failure to supervise; violation of Securities Regulatory Rules; violation of Kentucky Securities Act; intentional and negligent misrepresentation of material facts; wrongful self-dealing actions; breach of duty of good faith and fair dealing; gross negligence; failure to properly execute duties RMK Advantage Income Fund (RMA); MK Multi-Sector High Income Fund (RHY). $ 25,000.00 $ 212.50 (costs) Unspecified punitive; interest; attorneys’ fees; costs Edward J. Lynch (P) n/a Public
08-02908 8/14/2008 4/15/2011 Claims denied Advanced Delivery & Chemical Systems Holdings, LLC Deutsche Bank Securities, Inc. n/k/a Deutsche Bank Alex Brown New York, New York Joseph J . Sullivan III, Esq. William D. Briendel, Esq. Breach of fiduciary duty; misrepresentations; omission of facts; suitability unspecified auction rate securities $5,000,000.00 (compensatory) n/a Rescission; punitive damages; attorneys’ fees; costs David S. Paul (P) Herbert N. Fishman (P); George Sommerfeld (NP) Mixed
09-02121 4/16/2009 4/15/2011 Claims denied; claims dismissed Carolyn Turner Robert H. Osur; Centaurus Financial, Inc., Los Angeles, California Jules Leo Federman; Nancy K. Undem, Esq. Elizabeth Lowery, Esq. Violation of Exchange Rules of Conduct Variable annuity held in Claimant’s IRA account $150,000.00 (compensatory) n/a n/a Michael R. Mitchell (P) Jerry Ellner (P); Carol Jeanne Medof (NP) Mixed
10-00258 1/14/2010 4/14/2011 Claims settled Peter Kortemeyer Charles Schwab & Co., Inc. Chicago, Illinois Laurence S. Schultz, Esq. Kendra S. Canape, Esq. breach of contract; breach of fiduciary duty; negligence; fraudulent misrepresentation or omission; violation of FINRA, NASD and NYSE regualtions YieldPlus Select Fund $ 62,343.00 (compensatory) n/a Interest; attorneys’ fees; other costs Theodore L. Leeb (P) n/a Public
10-02562 5/27/2010 4/14/2011 In favor or claimant; Claims settled Jerome S. Schwartz NelsonReid, Inc.; David Hayden; Jaime Xavier Coronado; Chase Investment Services Corp. Houston, Texas Raymond E. White, Esq. K. Scott Brazil, Esq.; Patrick Huzinec, Esq.; Retta A. Miller, Esq. breach of fiduciary duty; negligence; negligent misrepresentation; breach of good faith and good dealing; statutory fraud; common law fraud; breach of contract; deceptive trade practices; violation of Section 33A(2) of the Texas Securities Act “Bond life settlement contract” from an entity named A&O Resources Management, Ltd., Life Fund 5.1, LLC, “Private Investment Capital Appreciation Bonds backed by bonded life insurance policies”, Amidee 2008 CRE income Fund, Ltd. n/a $ 110,000.00 (compensatory) Unspecified compensatory; unspecified punitive; interest; attorneys’ fees Thomas D. Nagle (P) William Edward Buck (P); Morris Rubin (NP) Mixed
09-00450 1/16/2009 4/14/2011 Claims denied; claims dismissed William P. Doran RBC Wealth Management,
a division of RBC Capital Markets Corporation; J . Thomas Miller
Dallas, Texas Mark H. How, Esq.; Buddy Apple, Esq. Janiece M. Longoria, Esq.; Judith A. Meyer, Esq. Breach of fiduciary duty; negligent misrepresentations; common law fraud and deceit; deceptive trade practices; negligence; violations of the Texas Securities Act; violation of the Texas Business and Commercial Code; violation of § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder; violations of §12(2) of the Securities Act of 1933; violations of §15 of the Securities Exchange Act of 1934 Purchase of Star Gas Partners, LP (“SGU Acquisition”); Linn Energy, LLC; Cheniere Energy Partners, LP; Legacy Reserves; Targa Resources $81,125.00 (compensatory) n/a punitive damages; treble ($200,000.00); attorneys’ fees ($20,000.00); interest; other costs; other monetary relief G. Maynard Green, J.D. (P) Ann Blaess Kimball (P); Robert D. Treadaway (NP) Mixed
09-05737 10/5/2009 4/13/2011 Claims denied John L. Norris & Vivianne Norris JT Ten; John L. Norris Chalres Schwab & Co., Inc.; Cust IRA Rollover Vivianne Norris Charles Schwab & Co., Inc. Cust IRA Rollover Charles Schwab & Co., Inc.; Kimon P. Daifotis Birmingham, Alabama Christopher T. Vernon, Esq. Audette Paul Morales, Esq. fraud in the inducement; misrepresentations and omissions; negligence, breach of duty and violation of laws; breach of contract, violations of the Alabama Securities Act; vicarious liability YieldPlus fund $ 52,716.07 (compensatory) n/a Costs; pre-judgement interest; post-judgement interest; attorneys’ fees; unspecified punitive damages; disciplinary referral to FINRA John F. Allgood (P) n/a Public
10-01767 4/14/2010 4/13/2011 Claims denied Mouna H. Hashem UBS Financial Services, Inc. New York, New York pro se; previously represented by Cynthia Rollings, Esq. Nikolas S. Komyati, Esq. mismanagement of account; account transfer; errors; breach of contract; misrepresentation of facts General Dynamics securities $ 25,000.00 n/a Legal fees and expenses; punitive damages Denzil J. Klippel (P) n/a Public
09-06918 12/11/2009 4/12/2011 In favor of Claimant Marvin Leiter; Beverly Leiter Morgan Stanley Smith Barney LLC f/k/a Citigroup Global Markets Inc. Boca Raton, Florida Stuart D. Meissner, Esq. Brian F. Amery, Esq.; Daniel R. Korb, Jr., Esq. omissions; misstatements; suitability; negligence; failure to supervise; breach of contract; breach of fiduciary duty; breach of the covenant of good faith and fair dealing; respondeat superior; violation of New York’s General Business Law Article 22-A American Express stock $ 9,565,064.00 (compensatory) $ 2,388,230.05 (compensatory) Attorneys’ fees; Interest; costs; punitive damages Guy K. Stweart, Jr. (P) Myron E. Levenson (P); Dennis J. Levin (NP) Mixed
09-06677 11/20/2009 4/12/2011 In favor of Claimant Robert Cordaro; Lisa Cordaro United Securities Alliance, Inc.; Michael Washington Jones; Patrick Emanuel Sutherland; Ronald Keith Bloomingkemper; Ronald James Petrinovich; Forrest Daryl Templeton; CapWest Securities, Inc. Albuquerque, New Mexico Irwin Stein Michael Washington Jones; Russell Bean, Esq.; Tom Fehn, Esq. fraud; misrepresentation; negligence; breach of contract; breach of fiduciary duty DBSI State Office Fund, LLC; Triple Net (NNN) Value Fund LLC; Medical Capital Corporation $ 515,000.00 $ 500,000.00 (compensatory) Interest; expert witness fees; punitive damages George W. Harding (P) Donald N. Tolin (P); William J. Kenna, Jr. (NP) Mixed
09-06980 12/16/2009 4/12/2011 Claims denied Keith Stock Morgan Stanley Smith Barney; Citigroup Global Markets, Inc. New York, New York Theodore L. Hecht, Esq. Richard Szuch, Esq. negligence; breach of contract; breach of fiduciary duty MasterCard stock options $ 2,453,219.00 (compensatory) n/a Interest; Arbitration costs Joseph B. Russell (P) Salvatore J. Bate (P); Anna Lascar (P) Public
10-03995 9/3/2010 4/12/2011 Claims denied Gates Family Trust; Griffith G. Gates; Bobbie J. Atchley Morgan Keegan & Co., Inc. n/a Griffith G. Gates; Bobbie J. Atchley Gates Eric M. Morris, Esq. suitability DWS High Income Fund (KHYAX) and Helios Strategic Income Fund (HAS) $ 25,000.00 n/a n/a Preston A. Trimble (P) n/a Public
10-01721 4/12/2010 4/10/2011 Claims settled Erick B. Berglund, Jr. Charles Schwab & Co., Inc.; Darren Hinshaw; Stephen Johnson Manchester, New Hampshire David H. Gibbs, Esq. Evelyn C. Best, Esq. misrepresentation and omission of facts; negligence; breach of fiduciary duty; failure to supervise; suitability; conflict of interest YieldPlus Select Fund $ 16,383.38 n/a Punitive damages; attorneys’ fees; costs; interest Nickolas F. Monteforte (P) n/a Public
10-02481 5/25/2010 4/9/2011 Claims dismissed Patricia J. Plesh Crowell, Weedon & Co.; Lloyd William Graham; Jay Michael Oldham; King Financial Services, Inc.; Philip Roger King; Royal Alliance Associates, Inc.; Citigroup Global Markets, Inc.; Lawrence Preston Ruderman Los Angeles, California Patricia J. Plesh Elizabeth Lowery, Esq.; Lloyd William Graham; Barry M. Vrevich, Esq.; Bernard B. Kornmehl, Esq. suitability; failure to supervise; breach of fiduciary duty; failure to disclose risk; misrepresentation; omission of fact Variable annunities $ 71,997.00 (compensatory) n/a n/a Robert D. Sussin (P) n/a Public
09-02882 5/20/2009 4/8/2011 In favor of Claimant Angela J . Schwaush UBS Financial Services, Inc.; Michael G. Trahan; Kenneth L. Logsdon Dallas, Texas Richard H. Elliott, Esq. Alise Johnson Henry, Esq. Breach of fiduciary duty; common law fraud; breach of contract; failure to supervise; negligence; suitability; violations of FINRA Rules of Conduct; violations of state and federal securities laws Manulife Variable Annuity $582,442.53 (Compensatory); $200,000.00 (Punitive) $25,000.00 (Compensatory) Attorneys’ fees ($200,000.00); Other costs Frances Johnson Wright, J.D (P) James Douglas Haigh (P); Kurt Smith (NP) Mixed
09-06760 11/25/2009 4/7/2011 Claims settled Hathaway Family Holdings, LLP; David S. Hathaway, G.P Morgan Stanley Smith Barney, LLC; Dearing Francis Stone, III Atlanta, Georgia John Flanders Kennedy, Esq. Hugo A. Hilgendorff, IV, Esq.; R. Hal Meeks, Jr., Esq. misrepresentation; unsuitability; breach of fiduciary duty Auction Rate Securities (“ARS”) $ 1,000,000.00 (compensatory) n/a Punitive damages; attorneys’ fees; costs; interest Robert N. Leitch (P) Gary J. Leshaw (P); Susan S. Bentley (NP) Mixed
09-07145 12/23/2009 4/7/2011 In favor of Claimant Michael J. Duddy; Nuala C. Duddy Wells Fargo Advisors, LLC Philadelphia, Pennsylvania Glen S. Gitomer, Esq. Joseph A. Vallo, Esq. excessive trading; unsuitability; breach of fiduciary duty; failure to supervise; breach of cotract; negligence; goss negligence; violations of the Pennsylvania Securities Act, the UPTCPL; Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 promulgated thereunder; unjust enrichment Unspecified securities $ 200,000.00(compensatory); $ 400,000.00 (treble) $ 100,000.00 (compensatory) interest; punitive damages; attorneys’ fees; costs Rochelle K. Kaplan (P) Richard N. Kelmans (P); Kenneth Joseph Beahan (NP) Mixed
09-02906 5/21/2009 4/7/2011 In favor of Claimant Jay Raubvogel; M. Raubvogel Co., Inc. Trust; Seymour Raubvogel Credit Suisse Securities (USA) LLC d/b/a Credit Suisse Boca Raton, Florida Christopher J. Gray, Esq.; Gregory S. Collett, Esq. Allan N. Taffet, Esq. Mismanagement of Claimants’ accounts in violation of applicable standards including FINRA Rule 2310 and NYSE Rule 405; breach of fiduciary duty; professional negligence; breach of contract under common law; arbitral adjustment; violation of Florida Statutes §517.301; failure to supervise Deerfield Capital Corp.; Resource Capital Corp.; Realty Finance Corp. shares $2,192,742.95 (compensatory and statutory) $305,341.00 (Compensatory); $88,293.00 (Compensatory); $373,301.00 (Compensatory) arbitral or equitable adjustment; pre-judgment interest; attorneys’ fees; punitive damages; costs; other relief Randy R. Freedman (P) Steven G. Montesi (P); James D. McDonald (NP) Mixed
09-04284 7/14/2009 4/6/2011 Claims dismissed John P. Mills; Judith E. Mills Wachovia Securities, a Limited Liability Company n/k/a Wells Fargo Advisors, LLC Seattle, Washington Dennis H. Walters, Esq. Lawrence R. Cock, Esq. violation of state and federal securities laws, including but not limited to, the Washington State Securities Act, RCW 21.20.010 et seq.; violation of the rules and regualtions of the SEC, FINRA, and the Federal Reserve; breach of fiduciary duty; unauthorized trading; material misrepresentation and omission of fact; suitability; negligence and failure to disclose; failure to supervise PIMCO Short Duration Municipal Income Fund $ 1,638,984.65(actual); $25,000.00 (treble) n/a interest ($327,177.88; 8% per annum); costs; expenses; attorneys’ fees Paul R. Meyer (P); Lawrence R. Mills (P); Parker Arthur Montgomery (NP) Mixed
10-00859 2/23/2010 4/6/2011 Claims denied Andrew G. Gay, Sr. Bestvest Investments, Ltd. Philadelphia, Pennsylvania W. Scott Greco, Esq. Nicholas J. Guiliano, Esq. securities fraud; common law fraud; constructive fraud; negligence; breach of fiduciary duty; breach of contract; respondeat superior Unspecified common stock $ 130,949.00 (compensatory) n/a Interest; opportunity loss of use of investment funds; punitive damages; costs; FINRA fees; attorneys’ fees Paul Ribner (P) Donald S. Bauman (P); John Herbert Grefe (NP) Mixed
10-00040 1/2/2010 4/5/2011 Claims dismissed Barry Burgess Morgan Stanley & Co. Incorporated San Francisco, California Frederick C. Roesti, Esq. Melissa M. Muehfeld, Esq. unwarranted transactions and unsuitable investments; churning; mismangement of funds; unauthorized trading; misrepresentations; omission of fact Celegene stock, mutual funds, and Treasury Bills purchased on margin in various accounts, including in an SEP IRA and a Roth IRA $ 500,000.00 (compensatory); $ 1,000,000.00 (punitive) n/a $ 5,000.00 (interest); $ 1,800.00 (costs) F. Conger Fawcett (P) Gary H. Kahn (P); Ferdinand Schoch (P) Public
10-01590 4/2/2010 4/5/2011 Claims denied Mary Jo Broomfield Suanne Jones; American Independent Securities Group, LLC Portland, Oregon Robert A. Graham, Jr., Esq. Jeffrey S. Salisbury, Esq. breach of contract; misrepresentation; breach of fiduciary duty; constructive fraud; vicarious liability; failure to supervise DBSI 2008 Notes Corporation. $50,000.00 n/a Interest; Costs Katherine H. O’Neil (P) n/a Public
09-04269 7/14/2009 4/4/2011 Claims settled Lionel Leitner, as trustee of the Lionel Leitner Revocable Trust account; the Lionel/Charlotte Leitner Family Trust accounts Charlotte Leitner, as trustee of the Charlotte Leitner Revocable Trust account; the Lionel/Charlotte Leitner Family Trust accounts; the Charlotte Leitner IRA Fidelity Brokerage Services, LLC Boca Raton, Florida Michael P. Amad, Esq. Paul M. Tyrrell, Esq. negligence; misrepresentation/omission of material facts; violation of Florida Statute 825.103, exploitation of an elderly person; failure to supervise; breach of contract/unsuitability Various mutual funds and common stock including Fidelity Real Investment; Spartan 500 Index Fidelity Advantage Class; Hartford Capital Appreciation; Morgan Stanley Mid Cap Growth Portfolio; Fidelity Floating Rate High Income; AT&T; Altria Group; Megellan Midstream Partners LP; Teco Energy; Loral Space & Communications $ 800,000.00 (compensatory) n/a Interest; unspecified punitive/treble damages; costs, attorneys’ fees Michael J. Fingar (P) Richard J. Kaplan (P); John H. Claudy (NP) Mixed
09-05006 8/24/2009 4/4/2011 Claims settled John Dailey Charles Schwab & Co., Inc.; Randall Merk San Francisco, California Irwin G. Stein Cameron G. Stout, Esq.; Gordon C. Young, Esq.; Audette Paul Morales, Esq. fraud; misrepresentation; negligence; breach of contract; breach of fiduciary duty; violation of California “blue sky law”; violation of self-regulatory organization rules California Tax Free Yield Plus Fund $ 117,282.41 (actual) n/a Costs; unspecified punitive damages Jonathan H. Krotinger (P) Fern M. Laethem (P); Herbert L. Brown (NP) Mixed
09-06456 11/10/2009 4/4/2011 Claims settled Michael Skakun a/k/a Michael Chaim Skakun Janney Montgomery Scott; Scott E. Nuttal New York, New York Jenice L. Malecki, Esq. Paula D. Shaffner, Esq. breach of contract; violation of industry rules; failure to diversify; over concentration; margin violations; commercial honor and good faith; respondeat superior; failure to supervise; negligence; breach of fiduciary duty; misrepresentation Unspecified securities $ 158,763.00 (compensatory) n/a Interest; costs; attorneys’ fees J. Martin McDonough (P) Paul Weinberg (P); Kathleen Cawley (NP) Mixed
09-07046 12/15/2009 4/4/2011 In favor of Claimant Willaim T. Copperill Andrew J. Shapiro; Mitchell H. Sloane; Westrock Advisors, Inc. New York, New York Robert J. Boller, Esq. Charles M. O’Rourke, Esq.; Andrew Shapiro fraud; misrepresentation; churning; unsuitable investing; unauthorized trading; mismangement; breach of fiduciary duty; negligence; failure to supervise; breach of good faith and fair dealing; unjust enrichment Agnico-Eagle Mines, Ltd. Shares $ 200,000.00 (compensatory); $ 600,000.00 (punitive) $ 211,592.11 (disgorgement); $ 19,666.94 (attorneys’ fees); $ 375.00 (filing fees); $ 46,483.07 (interest); $ 211,592.11 (punitive) Attorneys’ fees and costs; pre and post-judgement interest Carolyn A. Mann (P) Michael J. Deodati (P); Daniel J. Brooks (NP) Mixed
10-04238 9/22/2010 4/4/2011 Claims denied Farhad Shahidi TD Ameritrade, Inc. n/a pro se John Erickson, Esq.; Hollie M. Mason, Esq. negligence STEC, Inc., common shares $ 3,127.00; $ 5,000.00 (punitive) n/a n/a Ronald L. Cameron (P) n/a Public
09-02965 5/6/2009 4/4/2011 Claim dismissed Julia J. Weller, Trustee; Florence E. Jordan Trust FBO George E. Jordan Jr. Citigroup Global Markets, Inc.; Gregory B. Alford Birmingham, Alabama Andrew P. Campbell, Esq. Joseph L. Calabrese Breach of fiduciary duty; misrepresentations/non-disclosures; omission of facts FNMA 8.25% Preferred Series T stock $99,500.00 (Compensatory) n/a Attorneys’ fees ($42,901.49) Lita S. Menkin, J.D. (P) n/a Public
09-05955 10/13/2009 4/1/2011 Claims dismissed John Winston; Cathy Winston Charles Schwab & Co., Inc.; James Scott Link St. Louis, Missouri W. Christopher McDonough, Esq. M. Jane Matoesian, Esq. breach of fiduciary duty; violation of various securities rules; failure to supervise; suitability; negligence; breach of contract and fraud The causes of action related to the recommendation made by Link to move Claimants’ investments into a Private Client Group investment $ 250,000.00 (compensatory) n/a unspecified Punitive damages; interest; attorneys’ fees; other costs; other monetary relief Anthony J. Soukenik (P) Alan A. Sachs (P); Richard H. Kuhlman (NP) Mixed
09-06108 10/22/2009 4/1/2011 Claims settled Douglas J. Beach; Margaret A. Beach Banc of America Investment Services, Inc. Hartford, Connecticut Howard M. Rosenfield, Esq. John P. Bevilacqua, Esq. breach of fiduciary duty; misrepresentation; omissions and manipulative devices; violation of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5; violations of the Connecticut Uniform Securities Act; violations of Deceptive Trade Practices Act; unsuitable account activity; common law fraud; conversion; recklessness; breach of contract; failure to supervise Unspecified securities $ 1,000,000.00 (actual) n/a Costs; expenses; unspecified punitive damages; attorneys’ fees Roger L. Crossland (P) Houston Putnam Lowry (P); John Thomas Shaban (NP) Mixed
09-06657 11/23/2009 4/1/2011 Claims denied Leslie C. Katz Citigroup Global Markets, Inc. d/b/a Smith Barney; Marvin Lerman New York, New York Alex Gardner, Esq. William Hohauser, Esq. negligence; fraud; breach of fiduciary and other duties; failure to act in Claimant’s best interest; failure to supervise; other unethical and illegal conduct Citigroup common stock $ 589,993.00 (compensatory) n/a Punitive damages; attorneys’ fees; costs; interest; fees; expenses Romaine L. Gardner (P) Bernard Korman (P); Robert Manfredo (NP) Mixed
10-01895 4/21/2010 4/1/2011 Claims settled Arthur Warburton as Trustee of the Arthur Warburton Revocable Living Trust U/A DTD 2/10/89 Charles Schwab & Co., Inc. Boca Raton, Florida Andre R. Perron, Esq. Garrett R. Wynne, Esq. violation of § 12(a)(2) of the Securities Act of 1933; violation of the Florida Securities and Investor Protection Act; breach of fiduciary duty; negligence; breach of contract; negligent misrepresentation; violation of Rule 10b-5 of the Securities Exchange Act of 1934 Schwab YieldPlus Select Fund $ 610,595.09 (compensatory) n/a Costs; attorneys’ fees; punitive and exemplary damages Gloria North (P) Patricia Morin (P); Paul McIntyre (NP) Mixed
10-05133 11/8/2010 4/1/2011 In favor of Claimant Throdore Booher and Dianne Booher, as Trustees of the Theodore R. Booher Living Trust U/A dated 3/25/2002 Charles Schwab & Co., Inc. n/a Thomas F. Shine, Esq. Richard A. Karoly, Esq. breach of fiduciary duty; fraud; breach of contract; fraudulent inducement; respondeat superior Schwab YieldPlus Fund $ 25,000.00 $ 25,000.00; $ 13,500.00 (interest); $ 150.00 (costs) Unspecified punitive damages; $ 150.00 (costs) Donald G. Kennedy (P) n/a Public
09-00795 2/13/2009 3/31/2011 Claims settled Joseph Neira Bristol Financial Services, Inc.; Michael Hartzman; Northeast Securities, Inc.; Bear Stearns Securities Corp.; Randi Mason; J.P. Morgan Clearing Corp. New York, New York Gary N. Moss, Esq. Thomas Vays, Esq.; Charles M. O’Rourke, Esq.; Steven B. Feigenbaum, Esq. Breach of contract; breach of fiduciary duty; unauthorized transactions on account; negligent misrepresentation; fraud; unjust enrichment; failure to execute instruction Profunds UltraBear, shares; Bull Profunds Investor Class, mutual funds $1,365,808.00 (compensatory); $634,192.00 (punitive) n/a interest; fees and costs; attorneys’ fees; commissions paid Martin A. Edelstein (P) John F. Udochi (P); Judith Gross (NP) Mixed
10-00669 2/11/2010 3/29/2011 Claims denied Isaac Pardo David Kaminsky; Stifel, Nicolaus & Company, Inc. New York, New York Kevin P. Conway, Esq. Jeffrey C. Primiano, Esq. overconcentration; unsuitable investment; fraud; conversion; breach of contract; breach of fiduciary duty; negligence; failure to supervise Preferred bank stocks, including ABN Amro, Deutsche Bank, Citigroup and risky Class C mutual funds including Nationwide Mutual Funds, Columbia Fund, Hartford Mutual Funds and Transamerica Index Mutual Funds $ 70,000.00 (compensatory) n/a Pre and post judgement interest; costs; attorneys’ fees; punitive damages Robert S. Getman (P) n/a Public
10-04069 9/7/2010 3/25/2011 Claims denied David P. Linn; Lety E. Linn Chase Investment Services Corp.; Tony James Wittrock n/a David Paul Linn Elizabeth M. Hill, Esq. unsuitable investments unspcified securities $ 18,896.00; $ 4,272.00 n/a n/a Susan M. Thevenet (P) n/a Public
09-05068 8/29/2009 3/24/2011 Claims denied Five Rivers Assets Management, LLC Interactive Brokers, Inc.; Joseph Leschinsky New York, New York Robert E. Thompson, Esq. John J. Nielands, Esq.; Juli Aylesworth, Esq. common law fraud; violations of FINRA and NYSE Conduct Rules; Constructive fraud; breach of contract; negligence; negligent supervision; breach of fiduciary duty; doctrine of respondeat superior DRL stock options $ 484,624.00 (compensatory) n/a Pre-judgement interest; Post-judgement interest; filing fees; forum fees Fred L. Simon (P) Eugene G. P. Byrne (P); Alan Steven Brodherson (NP) Mixed
09-04585 7/27/2009 7/30/2010 Claims Dismissed for Benjamin Mathis; in favor for claimant Harold J. Mathis, Jr. Harold J. Mathis, Jr.; Benjamin Mathis Citigroup Global Markets, Inc. Houston, Texas pro se Joseph L. Calabrese, Esq. Breach of fiduciary duty; omissions; misrepresentations; failure to supervise Smith Barney account $250,000.00 (compensatory); $250,000.00 (punitive) $25,000.00 (compensatory); interest (5% per annum) interest; other costs; other monetary relief; other non-monetary relief; $1,500.00 (airline ticket) Donald K. Eckhardt (P); Arno C. Schwetheim (P); William A. Wilson (NP) Mixed
05-00015 1/3/2005 5/23/2011 In favor of claimant Walter Sherman Bryn Mawr Securities Corp.; Donald D. White; George
Bevins; Patrick McDonnell
Buffalo, New York Christopher B. Jones, Esq. George Bevins;
Peter H. Abdella, Esq.;
George Bevins did not enter an appearance in this matter;
Patrick McDonnell did not enter an appearance in this matter;
fraud; misrepresentation; unsuitable trading; excessive
trading; breach of fiduciary duty; violations of Section 10(b) of the Securities
Exchange Act of 1934; the Pennsylvania Securities Act; the Pennsylvania Unfair
Trade Practices and Consumer Protection Law; failure to supervise;
Respondeat Superior liability;
Alliance Growth Fund Class B; Alliance Premier Growth Fund Class B; Putnam Investors Fund Class B;
Putnam OTC & Energy Growth Class B; Putnam Voyager Fund Class B; unspecified Black Rock Fund.
$ 100,000.00 (compensatory) $168,000.00 compensatory; $15,000.00 sanctions unspecified punitive; attorneys’ fees; costs Philip M. Marshall (P) Christopher C. Willet (P); Christopher G. Gibas, CFP (NP) Mixed
08-01566 5/15/2008 5/20/2011 In favor of claimant Frank Rodriguez; Susan Rodriguez, individually and on behalf of Frank Rodriguez, Alexandra Rodriguez and Andrew Rodriguez, minors; Jay and Phyllis Drossman;
Henry Talerico III; Julie Talerico, individually and on behalf of
James Talerico and Andrew Talerico, minors; Carmen Strolla
TD Ameritrade Clearing Inc;
K.W. Brown Investments;
Kenneth Brown;
Wendy Brown
Boca Raton, Florida pro se (Frank Rodriguez); David Chacin, Esq.; Scott J. Link, Esq. Neil S. Baritz, Esq.; Russell L. Forkey, Esq; Michael S. Hill, Esq.; Marie David Hunter, Esq. negligence; negligent
supervision; suitability; breach of fiduciary duty; negligent misrepresentation and
material omissions; breach of contract; fraud.
fraudulent investment scheme in Claimants’ accounts $ 1,000,000.00 (compensatory) Rodriguez: $50,000.00 compensatory, $18,317.63 and $2,035.29 in expert witness fees unspecified punitive; interest; costs Donald M. Homer (P) Michael J. Quarequio (P); Robert M. Schwedel (NP) Mixed
08-01969 7/2/2008 5/24/2011 Claims Denied Shirley Enlow, Individually,
and as Trustee of the
Ron L. Enlow Trust
Charles Barrett Campbell; Wilbanks Securities, Inc. Oklahoma City, Oklahoma Terry J. Garrett, Esq. Theodore C.
Peters, Esq.
negligence; failure to supervise; breach
of fiduciary duty; unsuitable and unauthorized trading
ING investment program $ 120,000.00 (compensatory); $500,000.00 (punitive) n/a interest ($9,424.36);
other costs ($1,575.00)
Phil E. Macy (P) Richard L. Andeel (P); Glenn E. Johnson (NP) Mixed
08-03810 1/17/2008 5/20/2011 Claims Denied Sheldon P. Spitz, Olivia Spitz and Sharyn Spitz, as Trustees of the Spitz Family
Partnership L.P
Wachovia Securities, LLC New York, New York Christopher A. Bacotti, Esq. Richard C. Szuch, Jr., Esq. securities fraud; common law fraud;
fraudulent misrepresentation and omission; unsuitability; breach of fiduciary duty; breach of contract; negligence; failure to supervise; violation of New York General Business Law §349
Lehman Brothers Holdings, Federal
National Mortgage Association, Federal Home Loan Mortgage, Wachovia Corp, Bank of
America, Barclays Bank, Citigroup, and Merrill & Co.. bank preferred stocks.
$2,200,000.00 (compensatory) n/a interest; benefit of the bargain; lost return; well managed account damages; all
other statutory damages available under New York General Business Law §349; costs; attorneys’ fees; expert’s fees; forum fees of this arbitration; Punitive damages in an amount sufficient to punish and deter any future misconduct by Respondent
Joan M. Traub (P) Joshua Marie Zucker (P); Ronald James Colombo (NP) Mixed
08-04243 12/15/2008 5/2/2011 Claims Dismissed Kenneth Willenson; Layton Property, Inc. Pacific West Securities, Inc;
William M. Swayne II; Philip A. Pizelo;
Shanon L. Ford; Mark T. McCloskey
Milwaukee, Wisconsin Timothy A. Canning, Esq. Chance A.E.
Hodges, Esq.
breach of fiduciary duty; breach of
contract; negligence; misrepresentation; fraud
private placements of tenant-in-common interests in two real estate
ventures: 211 W. Wisconsin Avenue, Milwaukee, Wisconsin, and University Parks
Apartments, Waco, Texas.
$503,699.53 (compensatory) n/a Interest Unspecified; Attorneys’ Fees Unspecified;
Other Costs Unspecified; Other Monetary Relief Unspecified; Other Non-Monetory Relief
Herbert H Neuer (P) Gerald J. Thain (P); Robert F. O’Keef (NP) Mixed
09-00017 12/31/2008 5/25/2011 Claims Denied Gerard Balian TD Ameritrade, Inc. Los Angeles, California Gerard Balian (Pro Se) William M.
Turner, Esq.
violation of Section 10b of the Securities and Exchange Act of 1934 15 U.S.C., Section 78(j)(b), and Rule 10(b)-5
promulgated thereunder; fraud and deceit; intentional infliction of emotional
distress; negligent infliction of emotional distress; intentional misrepresentation;
negligent misrepresentation; negligence; breach of contract; violations of
Caiifomia Corporations Code Sections 25400 and 25401; breach of fiduciary
duty
Bank of America stock utilizing margin $210,000.00 $ 300.00 initial filing fee; $4,000.00 sanctions unspecified punitive; exemplary damages; costs Edward A. Trabin (P) Steven A. Wawra (P); Edward Banian (NP) Mixed
09-01369 3/10/2009 5/25/2011 Claims Settled James H. Jordan. Jr. RBC Dain Rauscher, Inc;
Nations Financial Group, Inc.
Seattle, Washington James H. Jordan,
Jr., Esq.
Carolyn Guy, Esq..; William T.
McCartan, Esq.
misrepresentations; negligence; malfeasance unspecified securities $86,511.38 (compensatory) n/a n/a Joseph C. Roberts (P) Laurie E. Law (P); Bonny Kathleen Riggs (NP) Mixed
09-01469 3/16/2009 5/3/2011 Claims Denied Dwight Manley Deutsche Bank Securities, Inc. Los Angeles, California Michael Blumenfeld, Esq.; Robert J. Girard II, Esq Paul J. Schumacher, Esq.; Jason R. Lindsay, Esq. material misrepresentations and
omissions; unsuitability; breach of fiduciary duty; negligence; failure to supervise; unauthorized trading; violations of California Corporations Code
put options on the S&P 500 and Russell 2000 Indexes $750,000.00 n/a unspecified punitive; interest rate (10% per annum); costs; expert witness fees Waiter S.Weiss (P) Frederick N. Ballard (P); Paul H. White (NP) Mixed
09-02155 4/17/2009 5/23/2011 Claims Denied Cleveland Currie; Maria Currie Citigroup Global Markets, Inc New York, New York Theodore G. Eppenstein, Esq. William A. Hohauser, Esq. breach of fiduciary duty; unsuitability; recklessness; misrepresentation; omissions; fraud; negligence; failure to supervise;
breach of contract; violation of New York General Business Law Article 22-A; predatory lending; violation of the Pennsylvania Unfair Trade Practices and
Consumer Protection Law
UPS stock Unspecified compensatory n/a unspecified punitive; interest; costs; treble damages under the Unfair Trade Practices
and Consumer Protection Law; return of commissions; compensation for tax
liabilities related to the forced liquidation; all in the sum of at least $4,500,000.00
Arthur Neil Tolciss (P) Thomas E. Duggan (NP) Mixed
09-02484 4/24/2009 5/3/2011 Claims Denied Joseph Oliveira Jackson National Life Insurance Company;
World Group Securities, Inc.;
World Financial Group, Inc.;
Jackson National Life Distributors, LLC;
Western Reserve Partners, LLC;
Nathan Rod Terrazas;
Nikolaos Stylianos Plakakis;
James Richard Cabral;
Paula Allen;
Gregory Dean Sorensen;
Aegon USA Securities Inc.;
AFSG Securities Corporation;
TransAmerica Capital. Inc.;
Western Reserve Life Assurance Company
of Ohio
San Francisco, California Joseph Oiiveira (Pro Se) Jason J . Kim, Esq.; Elizabeth Lowery, Esq; William E. Goodill; Edward F. Donohue, Esq.; Lorri E.
Mehaffey; Lisa A Wachendorf; Courtney A.W. John; COO Western Life
unsuitability; misrepresentation;
failure to supervise; omission of fact.
Variable universal life contracts Unspecified compensatory n/a unspecified punitive; contracts be
deemed null and void; an order that the contracts be rescinded and a full refund be
issued; interest as allowed by law
Julie D. Soo (P) Laurel Littman Gothelf (P); Terri Coster Boesch (NP) Mixed
09-02990 5/26/2009 5/6/2011 In favor of claimant Stephen Metsch;
Sharon Metsch
E-Planning Securities, Inc.;
Ian Filippini;
Clifford Gamble;
Scott Hultsman;
Linda Sechser
Los Angeles, Califomia Irwin Stein Corporate Officer; pro se (Ian Filippini); pro se (Clifford Gamble); pro se (Scott Hultsman); pro se (Linda Sechser) fraud; misrepresentation; negligence; breach of contract; breach of fiduciary duty. tenancy-in-common (“TIC”) commercial real estate project in
Milwaukee, Wisconsin.
$319,000.00 return of investment $ 127,106.00 Rescission of their purchase; Interest; reasonable costs of representation; attomeys’ fees;
forum fees; fees paid to experts; related costs
Debra Brothiers Self (P) Arthur T. Berggren (P); Ara Kassabian (NP) Mixed
09-03306 6/4/2009 4/6/2011 Claims Denied Henry D. Ostberg Citigroup Global Markets Inc. Newark, New Jersey Seth Lipner, Esq. George D. Sullivan, Esq.; Evelyn Bukchin, Esq. fraud; breach of contract; breach of
fiduciary duty; negligence; unsuitability; respondeat superior; omission of facts
FNM (“Fannie Mae”) preferred stock unspecified compensatory damages n/a unspecified punitive damages; interest; costs Kenneth J . Horowitz (P) Daniel A. Pinkus (P); Walter C. Parrish. Ill (NP) Mixed
09-04018 6/30/2009 4/27/2011 In favor of claimant Wayne M. Wolberg Jeffry C. Eisnaugle; 1st Financial Services, LLC; FSC Securities Corporation Denver, Colorado Alan
C. Friedberg, Esq.
David A. Zisser, Esq.; Sam Y. Edgerton, III, Esq. Colorado Securities Act violations; breach of fiduciary duty; professional negligence; negligent supervision various mutual funds and international realty and equity funds including, CGM Focus Fund; Columbia Greater China Fund (NGCAX); Market Vectors Russia ETF Trust; ProShares
Ultra Financials ETF; Russell 2000 2X Strategy Fund (RYIUX); Short Oil & Gas ProFund
$217,862.00 to $354,907.00 (compensatory) $45,000.000 (compensatory) exemplary damages; prejudgment interest; attorneys’ fees; costs Michael A. Ruderman (P) Ronald G. Guida (P); Cletus E. Byrne, Jr. (NP) Mixed
09-04063 6/30/2009 5/27/2011 Claims Denied and Dismissed John W. Potter and Delpha Potter,
TTEES U/A DTD 12/13/95 for
R.D. Potter Living Trust; John W. Potter IRA; Delpha Potter IRA
Edward Jones & Co., LP;
Bruce A. Martin; Patrick W. Gilkey
Dallas, Texas Richard H. Elliott, Esq. Donald R. Littlefieid, Esq.; pro se (Patrick W. Gilkey) securities fraud; common law fraud;
unsuitable transaction recommendations and purchases; negligence; breach of contract; breach of fiduciary duty; violations of FINRA Rules of Conduct; failure to supervise.
unspecified tech stocks; fixed deferred annuities; and mutual funds $ 150,000.00 (compensatory); $100,000.00 (exemplary/punitive) n/a Attomeys’ Fees $50,000.00; Other Costs Unspecified;
Other Monetary Relief Unspecified
Edward J. Lynch (P) William E. Hartsfield (P); Preston Deaton Rigsby (NP) Mixed
09-04660 8/4/2009 5/22/2011 Claims Dismissed John and Roneale (Sue) Ports Scott T. Brandt;
Westtbridge Financial and Insurance Services, Inc.;
Lighthouse Capital Corporation;
Richard L. Clarke;
Joe L. Brandenburg;
Brandenburg & Clarke;
Packeriand Brokerage Services, Inc.
Los Angeles, Caiifomia John
Ports (pro se)
David K. Willingham, Esq.; Scott T. Brandt; Alvin L. Fishman, Esq.; pro se (Richard L. Clarke); pro se (Joe L. Brandenburg); Gregory H. Halliday, Esq. breach of fiduciary duty; fraud and misrepresentation; negligence; violations
of Corporation Code §§ 25401, 25501, and 25501.5 (California Securities Laws);
violations of Corporation Code §§ 25110 et. seq. and 25503,25504, and 25504.1
(California Securities Laws).
unregistered securities issued by Diversified
Lending Group, Inc.
No less than $200,000.00 (compensatory) n/a Consequential damages; Disgorgement and restitution of all earnings, profits, compensation, and benefits
received by Respondents; Punitive and exemplary damages; Pre-award and post-award interest at the maximum rate allowed; cost of arbitration; attorneys’ fees, expert witness fees and any other reasonable cost.
Harris J. Howard (P) A Joel Kiein. J.D. (P); Barton J. Brewer (NP) Mixed
09-05049 8/26/2009 5/24/2011 In favor of claimant Fred Dinkin and Carol J. McKinnon Morgan Keegan & Company, Inc. Manchester, New Hampshire Howard B. Prossnitz, Esq. Thomas A. Roberts, Esq.; Michael A. Balascio, Esq. violation of Massachusetts Securities
Act; violation of New Hampshire Securities Act; violation of Rule 10(b}-5 of the Securities Exchange Act of 1934.
Morgan Keegan
income funds
$285,599.72 (compensatory) $45,000.00 compensatory pre-judgment interest; costs; attorneys’ fees Mary C. Kelleher (P) David Ellis (P); Stephen Z. Frank (NP) Mixed
09-05174 9/1/2009 5/9/2011 In favor of claimant Gary Sperber Prestige Financial Center, Inc.;
Lawrence Foont;
Lawrence Gary Kirshbaum;
Hanry Friedman
San Francisco, California Barry M. Bordetsky, Esq. pro se (Lawrence Gary Kirshbaum); pro se (Lawrence Foont); Michael P. Gilmore, Esq. breach of contract, fiduciary duty, and promissory
estoppel; unsuitability; unauthorized trading; failure to supervise; negligence;
violation of California Civil Code; control person liability; respondeat superior;
vicarious and joint and several liability.
Insite Vision, Inc. $1,556,284.00 $1,200,000.00 compensatory; 600,000.00 punitive disgorgement of all profits; unspecified punitive damages; pre-award and post-award interest at the maximum rate allowed; attorneys’ fees; costs. William W. Haskell (P) David R. Finch (P); David Harold Saxe Commins (NP) Mixed
09-05257 9/9/2009 5/9/2011 In favor of claimant Joan Bonert, Individually and as
Trustee for the Joan Bonert Trust
U/A/D 11-25-87
AOS, Inc; Michael Westmoreland Chicago, Illinois Christopher P. Porter, Esq; Robert A. Kantas, Esq. Daryl M. Schumacher, Esq.; James L.
Kopecky, Esq.; pro se (Michael Westmoreland)
breach of contract and warranties;
promissory estoppel; unfair trade and deceptive practices; violation of state securities statutes; secondary liability
unspecified investments $160,627.60 (compensatory) $93,429.00 compensatory; 9,343.00 interest; 32,700.00 attorneys’ fees unspecified exemplary/punitive;
interest unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified;
Other Non-Monetary Relief Unspecified
Robert L. Agusto (P) N/A Public
09-05377 9/15/2009 5/26/2011 Claims Settled Roderick Hunt;
Charlotte Hunt
New Castle Financial Services LLC;
Anthony F. Lodati;
Richard H. Crockett;
Jeffrey L. Offen
Portland, Oregon Keil M. Mueller, Esq. Brett D. Zinner, Esq.; pro se (Richard H. Crockett); pro se (Jeffrey L. Offen) violation of state and federal securities laws; breach of fiduciary duty; fraud; negligence; violation of rules of fair practice management of Claimants’ investment accounts $98,000.00 (compensatory) n/a interest at the
statutory rate of 9%; attorneys’ fees; Costs and expenses of the arbitrations including filing and forum fees and expert
witness fees
Larry T. Coady (P) N/A Public
09-05503 9/21/2009 5/23/2011 In favor of claimant Boushy North Investments, Ltd; Penson Financial Services, Inc. Penson Financial Services, Inc; Second Mile Wealth Management, Inc;
Thomas Cooper
Houston, Texas Paul I. Aronowitz, Esq.; Carla G. Lujan, Esq. Will S. Montgomery, Esq.; Jonathan D. Neerman, Esq.; Matthew G. Nielsen, Esq. negligence;gross negligence;
breach of fiduciary duty; unauthorized trading
unspecified investments $3,872,555.07 (compensatory); 4,000,000.00 exemplary/punitive $500,000.00 (compensatory) Interest Unspecified; Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified
Kurt D. Steiner (P) Michael S. Yauch (P); Bernard D. Hammer (NP) Mixed
09-05785 10/7/2009 5/10/2011 Claims Denied Charies A. Stokes and Mary E. Stokes, Joint Tenants Charles Schwab
& Co., Inc; Kimon P. Daifotis
Albany, New York Timothy J. Dennin, Esq.; Thomas F. Shine, Esq; Christopher T. Vernon, Esq. Audette Paul
Morales, Esq.; Kendra S. Canape, Esq.
breach of contract; negligence,
breach of fiduciary duty; misrepresentation; omission of facts; failure to disclose; failure
to supervise; violations of SEC, FINRA, and NYSE rules.
Schwab YieldPlus Fund $143,047.77 (compensatory) n/a unspecified punitive; reimbursement of Claimants’ filing fee; reimbursement of FINRA hearing session fees;
pre-judgment interest at the New York statutory interest rate from the dates Claimants
purchased the Schwab Yield Plus Fund securities in their accounts through the date of
the arbitration award; post-award interest at the New York interest rate of 9% per
annum from the date of the arbitration award through the date of payment of the award;
costs; attorneys’ fees
Cheryl H. Agris, Ph.D (P) Roland M. Cavalier (P); George J. Marshall, Jr. (NP) Mixed
09-05894 10/13/2009 5/26/2011 Claims Denied John Hart UBS Financial Services Inc.;
Morgan Stanley & Co., Inc.
Tampa, Florida Jeffrey R. Sonn, Esq. Keith
Olin, Esq; Christopher Gawley, Esq
breach of fiduciary duty;
common law negligence; fraud; breach of contract; violation of FINRA
Conduct Rule 2110: Commercial Honor and Principles of Trade; Violation of FINRA Conduct Rule 2210(d)(1)(A): Fair dealing and good faith; negligent supervision
equity-based
mutual funds; unit investment trusts; other securities
between
$100,000.00 and $500,000.00 (compensatory);
n/a unspecified punitive damages; pre-judgment Interest at the
highest legal rate; costs; such further relief as appropriate
Paul E. Flora (P) Gary E. Marcus (P); Thomas J. Patka (P) Public
09-06016 10/19/2009 5/17/2011 Claims Denied Raul Nobili, as Trustee of the
Raul Nobili Trust U/A DTD 11/02/99,
and as Custodian of the Ashley
Nobili UFLUTMA and Corinne
Nobili UFLUTMA
Charles Schwab & Co., Inc.;
Kimon P. Daifotis
Miami, FL Christopher T. Vernon, Esq. Evelyn C. Best, Esq. negligence; negligent
misrepresentation; breach of fiduciary duty; breach of contract; fraud in the inducement; common law fraud
Schwab YieldPlus Fund $435,000.00 (compensatory); n/a unspecified punitive; rescission;
reimbursement of filing fees and hearing session fees; pre- and post-judgment interest;
costs; attorneys’ fees; a disciplinary referral of this matter to FINRA
regulatory authorities,
Lester M. Rosenberg (P) Louis David Huss (P); James Conrad Sankpill (NP) Mixed
09-06207 10/27/2009 4/29/2011 Claims Denied Mary E. Wright Trust,
Mary E. Wright, TTEE
Credit Suisse First Boston LLC;
William Gregory Sullivan; Christopher W. Gardner
Chicago, Illinois Paul J.
Sussman, Esq.
Matthew N. Thibaut, Esq.; Richard L. Martens, Esq. violation of the anti-fraud
provisions of the Federal Securities Acts; violations of various state and federal statutes; common law fraud; breach of fiduciary duty; breach of contract; negligence; violation of the
Illinois State Securities Act; violations of the Illinois Deceptive Business Practices Act
Allegheny Energy
Inc.; Aquila Inc.; Archer Daniels Midland; Archipeligo Holdings
$389,114.68 (compensatory); $500,000.00 (punitive) n/a Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified;
Non-Monetary Relief Unspecified
William M. Koziol (P) Michael R. Sherwin, J.D (P); Loren H. Newman (NP) Mixed
09-06234 10/30/2009 5/24/2011 Claims Denied Peoples State Bank FTN Financial Securities Corporation;
FTN Financial Capital Markets; Michael Park
New Orleans, LA Judy Barrasso, Esq.; Stephen L. Miles, Esq. Mark D. Griffin, Esq.; Kristine L. Roberts, Esq. liability under securities laws; liability
for breach of fiduciary duty; intentional and negligent misrepresentation;
liability under Civil Code Article 2315; liability under respondeat superior; securities laws; Civil Code articles 2317 and 2320; liability for detrimental reliance; liability for bad faith breach of contract.
Class C-1 Mezzanine Notes of Preferred Term
Securities Limited XXVIII. Ltd.
$3,000,000.00 n/a interest from the
date of the purchase; costs and attorneys’ fees; full restitution; lost investment funds,
profits and opportunifies; expenses incurred investigating the effect of the
Notes’ loss in value on Claimant’s capital requirements; costs of raising additional
capital; inconvenience; all exemplary damages occasioned by Respondents’ bad
faith actions and violations of applicable law; prejudgment and post-judgment interest;
all costs of the suit and attorneys’ fees, all as provided by applicable securities and
other laws; and, such other relief as the Panel deemed just and proper
Frederick H. Bruce (P) Lynne R. Stern (P); William B. Miller (NP) Mixed
09-06263 10/30/2009 5/24/2011 Respondent’s request for expungement is denied Earle A. Ray, Individually and for his IRA Merrill Lynch, Pierce, Fenner &
Smith, Inc. ; Jeffrey Dean Schrader
Boston, Massachusetts Joshua N. Cook, Esq. Marissa Parker, Esq.; William E. Mahoney, Jr., Esq.; Michael
Kalmus, Esq.
breach of fiduciary duty; breach of the
covenant of good faith and fair dealing; breach of contract; churning; breach of a
broker’s duty of reasonable care; unsuitability; respondeat superior; unauthorized trading; negligent and intentional misrepresentation; mismanagement; fraud and deceit;
tortious malpractice as a licensed securities professional; violations of various state securities laws, including the Massachusetts Consumer Protection Act; failure to supervise; violations of FINRA, NYSE, and American Stock Exchange rules
unspecified mutual fund C shares and unspecified initial public
offerings.
$2,300,000 (compensatory) n/a unspecified punitive; interest (12% per annum); attorneys’ fees; costs; and any other relief that the
Panel may deem just and proper.
Gerard S. Marsan (P) Paul Peter Nicolai (P); Maxwell J. Mahoney (NP) Mixed
09-06565 11/18/2009 4/29/2011 Claims Denied Nicholas Palumbo E*Trade Securities LLC; E*Trade Clearing LLC Philadelphia, Pennsylvania Dominic J. Aprile, Esq. Meredith A.
Felde, Esq.
erroneous margin calls; negligence;
false and/or misleading information; non-disclosure
Unspecified securities Unspecified compensatory n/a unspecified punitive; costs; attorneys’ fees; interest. Gordon M. Wase (P) John E. Felch, Jr. (P); James E. McLaughlin (NP) Mixed
09-06644 11/20/2009 5/9/2011 Claims Denied G. Arnold Lawton
G. Arnold Lawton Tmst U/A dtd 03/11/2004
Wells Fargo Investments, LLC;
Jack Wong
San Francisco, California Brian D. Miller, Esq. Abe Lampart, Esq. breach of fiduciary duty; elder
abuse; negligence; fraud; securities fraud; breach of contract; breach of
covenant of good faith and fair dealing; constructive fraud
variable annuity and FNMA note $500,000.00 n/a Disgorgement of excessive commissions, fees, and compensation received by
Respondents; All losses associated with what such funds should have earned if appropriately
invested; lost opportunity costs associated with Respondents’ conduct; Treble damages; An award of exemplary or punitive damages in an amount to be determined by
the Panel; Attorneys’ fees; other costs of arbitration, including, but not limited to. all filing
fees and expert witness fees; Prejudgment and post-judgment interest at the maximum legal rate, dating from
the date of the original investment
Jonathan H. Krotinger (P) Walter P. Hitchcock (P); Thomas H. O’Connor (NP) Mixed
09-06774 12/1/2009 4/30/2011 Claims Dismissed William Brown;
Norman L. Wemhoff;
Tamra S. Wemhoff
Private Asset Group, Inc.;
Burke Ambrose Dambly;
Daryl Marc Holzberg;
James Matthew Walsh
Dallas, Texas Jeffrey
B. Kaplan, Esq.
Robert J. Girard, Esq. failure to treat the Claimants in a
just and equitable manner; breach of contract; breach of fiduciary duty; negligence; negligent misrepresentation and omissions; liability pursuant to Tex. Rev. Civ. Stat. § 581- 33; control person liability.
Provident Royalties, LLC and Medical Capital Corporation stock $625,000.00 (compensatory); unspecified punititive n/a Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Monetary Unspecified;
Non-Monetary Relief Unspecified
Frances Johnson Wright, J.D. (P) James Doughlas Haigh (P); Linda B. Kelly (NP) Mixed
09-06874 12/9/2009 4/20/2011 In favor of claimant Sakurako Sugihara Machiko Okamoto; Paulson Investment Company Inc. Romaine Gardner, Esq. Steven Martin; Richard J.
Babnick, Esq.
churning unspecified mutual funds $18,525.00 $8,000.00 costs Anthony Sabino (P) N/A Public
09-06884 12/9/2009 5/29/2011 In favor of claimant Stanley G. Kazezski;
Lillian J. Kazezski;
Kazezski Revocable Trust DTD 09/26/90
Wedbush Morgan Securities, Inc;
Lisa Ann Gallo
San Francisco, California Andrew V. Tramont, Esq. Charies
LaChaussee, Esq.
breach of fiduciary duty; unsuitability; failure to diversify/securities concentration; negligence; negligent
supervision; breach of contract.
Pacific Capital Bancorp stock $6,000,000.00 $750,000.00 interest; costs Paul D. Gutierrez (P) Homer M. Dalbey (P); James Conrad Riewerts (NP) Mixed
09-06951 12/11/2009 5/19/2011 In favor of claimant David F. Fleming and Carmeletta P. Fleming;
David F. Fleming and Carmeletta P. Fleming
Joint Revocable Tmst Account dated 06/06/03;
David F. Fleming IRA Account
Morgan Keegan & Company, Inc;
Gary Aday;
James C. Kelsoe
Little Rock, Arkansas Howard B. Prossnitz, Esq.; Blaine Doyle, Of Counsel S. Lawrence Polk, Esq.; Avital Stadler, Esq. violation of the Arkansas Securities Act; violation of Section 10(b) of the
Securities and Exchange Act of 1934; negligence and unsuitability.
RMK Select High Income Fund $340,049.00 (compensatory) $170,000.00 compensatory $39,107.00 statutory interest; one-third of their
attorneys’ fees in the amount of $113,349.00; sanctions if deemed warranted by the
Panel; all FINRA costs to be assessed against Respondent Morgan Keegan
James W. Geiger (P) E. William Pastor (P); Randolph Guggenheimer, Jr. (NP) Mixed
09-07121 12/22/2009 5/18/2011 In favor of claimant Estate of Robert C. Postell and Joan P. Postell Merrill Lynch, Pierce, Fenner & Smith Inc. Atlanta, Georgia William G. Leonard, Esq. Terry R. Weiss, Esq. breach of contract; breach of fiduciary duty Claimants account as a whole $640,633.00 (compensatory) $442,794.00 compensatory; interest (7% per annum) from November 6, 2008 until May 6, 2011 in the amount of
$77,489.00
costs; attorneys’ fees; and such other relief as this Panel deemed just
and proper
Ilene T. Gormly (P) Fred J. Pinckney (P); Daniel H. Kolber (NP) Mixed
09-07122 12/22/2009 5/10/2011 Claims Denied Gray Ingram Merrill Lynch, Pierce,
Fenner & Smith incorporated
Boca Raton, Florida Scott J. Link, Esq. Neil S. Baritz, Esq.; Tammie Barrow, Esq. negligence (including violations of
industry rules); suitability; negligent supervision; misrepresentations and
omissions; breach of fiduciary duty; breach of contract
unspecified equities compensatory damages in excess of
$5,000,000.00
n/a interest; costs Marc T. Danon (P) Michael D. Felton (P); Philip L Manczak (P) Public
09-07149 12/22/2009 5/20/2011 Claims Denied Caroline Dufrin Allstate Financial Services, LLC;
Charles T. Snider
Raleigh, North Carolina Christopher Mader, Esq; Patrick Baldwin, Esq. Jan Atlas, Esq.; Samantha Tesser Haimo, Esq.; Stuart H. Russell, Esq. fraud; violation of Section 10(b)
and Rule 10b-5 of the Securities Act of 1934; violation of Section 12(2) of the
Securities Act of 1933 and FINRA Conduct Rule 2120; unsuitability; breach of
fiduciary duty; financial abuse of an elder; breach of contract; breach of implied covenant of good faith and fair dealing; failure to observe high commercial standards; negligent misrepresentation; failure to supervise; liability for acts and omissions pursuant to the caveat of respondeat superior.
unspecified variable annuities $230,000.00 (compensatory) n/a unspecified punitive; interest; rescission of Claimant’s investments; consequential damages;
attorney’s fees;costs and expenses
Lynne Townsend Albert (P) Theresa Joan Rosenberg (P); Michael F. Pearl (NP) Mixed
09-07154 12/18/2009 5/4/2011 Claims Denied Beth M. Goldman;
Jay Boekeiheide;
Goidman-Boekelheide Family Tmst
Beth M. Goldman IRA Rollover (1);
Beth M. Goldman IRA Rollover (2);
Jay Boekeiheide IRA;
Jay Boekelhekle Film KEOGH
Lincoln Financial Advisors Corporation;
Stewart John Viets;
Phillip Joseph Cordano
San Francisco, California Monika Player Lee, Esq. Ralph Robinson, Esq; Emily Woods, Esq. breach of contract; professional negligence – gross negligence; intentional misrepresentation;
negligent misrepresentation; concealment and breach of fiduciary duty; unsuitable investinents.
unspecified securities $110,000.00 (compensatory) n/a Pre-judgment and post-judgment interest at the maximum legal rate; Filing fees; expert witness fees; attorneys’ fees; costs and expenses. Paul Faberman (P) N/A Public
09-07255 12/29/2009 5/19/2012 Claims Denied Jean Caesar-Brown Merrill Lynch, Pierce, Fenner & Smith, Inc;
Mark E. Johnson
Miami, FL Wesley L. Clarke, Esq; Roland F. St. Paul, Esq. Dominick F.
Evangelista, Esq.
constructive fraud; breach of fiduciary
duty; suitability; failure to supervise; violation of federal securities laws, NASD and NYSE rules; negligence.
numerous securities including Advent Claymore Conv
Sec & Incm Fd; Aim Val Fd CL B; Bank of America Corp Ser E Perp Cllbl; Biackrock
Enhanced Dividend Achievers; Cohen & Steers Advantage Incm Realty Fd; Conagra
Foods Inc.; Corporate High Yield Fd; Merrill Lynch Corp BD Fd Invst Grade Port CI B;
Putnam Intermediate US Govt Incm Fd; and, Conseco High Yield Bond Fund
215,000.00 to
$320,000.00 (compensatory)
n/a disgourgement; attorneys’ fees; all hearing session fees be assessed to
Respondent MLPFS
Elena G. Rodriguez (P) William R. Alheim (P); Robert J Bender (NP) Mixed
10-00357 1/18/2010 5/4/2011 Claims Dismissed Dennis W. Tibbs, IRA; Dennis W. Tibbs, QRP;
Patricia A. Tibbs, IRA; Dennis W. Tibbs and
Patricia A. Tibbs JT TEN
Charles Schwab & Co., Inc. Houston, Texas William B. Young, Jr, Esq. Derek C. Anderson, Esq misrepresentations and omissions;
violations under Texas Securities Act; unsuitability; breach of fiduciary duty; common law fraud; violation of SRO Rules; negligence; failure to supervise; respondeat superior;
fraudulent concealment.
unspecified investments $290,000.00 (compensatory); unspecified punitive n/a Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified;
Specific Perfomnance; Disgorgement
Brian E. Bro (P) Martin S. Altimore (NP) Mixed
10-00569 2/5/2010 5/4/2011 Claims Denied Kory B. Hummer H. Beck, Inc.;
Richard Ganz;
Vanderbilt Securities, LLC;
Fixed Income Management Group, Inc.
Richmond, Virginia Joseph E. Gasperetti, Esq. Matthew Tracy, Esq.; John E. Lawlor, Esq violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10(b)(5) promulgated thereunder; common law fraud; unauthorized trading; control person liability; respondeat superior; federal and common law fraud. Battery Park ARS; Roanoke ARS; Reserve Fund Money Market
Fund Class R
$3,376,613.00 (compensatory) n/a attorneys’ fees; interest on his mortgage in the amount
of $326,635.00; principal from the Reserve Fund in the amount of $38,553.00; lost
business opportunity in the amount of $746,000.00; rescission of the Battery Park
auction rate security purchases in the amount of $1,390,000.00.
Donald Vaden (P) Janice Burnham (P); William Boinest (NP) Mixed
10-00752 2/16/2010 5/6/2011 Claims Dismissed Marcy Tobin, an individual, and
Goldie Anne Tobin, in her capacity as
representative of the estate of Stanley
Tobin
Chase Investment Services Corp.;
Brandi Cohen
Seattle, Washington Patrick L. Hinton, Esq. Christopher B. Wells, Esq. breach of fiduciary and
contractual duties; intentional and/or negligent misrepresentation; negligence;
violations of state and federal securities laws; violations of Washington
Consumer Protection Act
Lehman
Brothers bonds
$110,878.30 n/a prejudgment interest as may be allowed by law; costs, including reasonable attorneys’ fees, pursuant to statute, case law or agreement of the parties; Double damages and/or civil penalties as might be allowed pursuant to RCW 19.86.090 Katherine Hendricks (P) Linda I. Thomas (P); William J. Rex (NP) Mixed
10-01093 3/3/2010 5/4/2011 Claims Dismissed Evelyn Kesler, Individually and in her
capacity as Trustee of the
Evelyn Kesler Revocable Living Trust
Sigma Financial Corporation; Robert Hardies Detroit, Michigan David M. Foster, Esq. Gary M. Saretsky, Esq.; Eric A. Michaels, Esq. breach of fiduciary duty; fraudulent
misrepresentation; innocent misrepresentation; violations of Michigan Blue Sky Laws;
violation of Section 10(b) of the Securities Exchange Act and SEC Rule 10B-5; breach of contract.
six Baron real estate limited partnerships $330,000.00 (compensatory) n/a Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified
John P. Gouttiere(P) Peter J. Henning (P); William C. Alsover, Jr. (NP) Mixed
10-01112 3/8/2010 5/5/2011 Claims Denied Brady Elias Merrill Lynch, Pierce, Fenner & Smith, Inc.; Jeffrey
Alexander
New York, New York Adolph D. Seltzer, Esq. Dominick F. Evangelista, Esq. failure to supervise; negligence;
unsuitability; violation of provisions of FINRA Rules; breach of duty
Citigroup hybrid security $253,750.00 (compensatory) n/a Transfer and turnover to him 73,076 shares of the Citigroup common stock .01 par
value. In return, he will then transfer the Citigroup hybrid security that had a yield of
8.4% (“Security”) to Merrill Lynch, or in the alternative, pay a sum of not less than
the value of 73,076 shares of Citigroup common stock .01 par value. In return he
will then transfer the Security to Merrill Lynch; Costs; Attorney’s fees; Statutory interest from 4/28/2009 to date
Harvey Barrison (P) Josian Antoine (P); Howard L Haykin (NP) Mixed
10-01145 3/9/2010 5/26/2011 In favor of claimant Jason Solomon and Janet Solomon,
Trustees of the Jason H. Solomon and
Janet Solomon Trust Dated 1/31/2007
Oppenheimer & Co., Inc. San Francisco, California Mitchell
S. Ostwald, Esq.
Deborah Dickstein, Esq. breach of fiduciary duty; fraud; negligence auction rate securities, including, but not limited to, Blackrock Califomia Municipal
Income Trust, Blackrock MuniYield California Insured, Pimco California Municipal
Income Fund lI, and Pimco Califomia Municipal Income Fund.
$550,000.00 (compensatory) $428,000.00 compensatory Disgorgement and restitution of all earnings, profits, compensation, and benefits
received by the Respondent; Attorneys’ fees and costs in an amount to be proved; Pre- and post-award interest
Paul F. Faberman (P) Peter H. Daly (P); Herbert L. Brown (NP) Mixed
10-01198 3/10/2010 5/3/2011 In favor of claimant Steven E. Wdowka, Individually and
on behalf of his IRAs
Merrill Lynch, Pierce, Fenner & Smith, Inc. Indianapolis, Indiana Mark E. Maddox, Esq; Thomas K. Caldwell, Esq. Anne N. DePrez, Esq. misrepresentation; omission;
mismanagement; breach of contract; negligence; breach of fiduciary duty; violation of the Indiana Securities Act and Regulations; violations of the FINRA Conduct Rules and NYSE Rules; respondeat superior; negligent supervision; common law fraud; conversion
cash management account and IRA $5,313,726.83 (compensatory) $2,507,000.00 compensatory unspecified punitive; Interest Unspecified;
Attomeys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified;
Other Non-Monetary Relief Disgorgement
Gary P. Price (P) Raymond M. Kirtley (P); George W. Harding (P) Public
10-01465 3/26/2010 4/28/2011 Claims Denied Dolores J. Keener Geneos Wealth Management Inc.;
David M. Arthur;
Investors Financial Advisors, Inc.
Charleston, West Virginia Stephen P. Meyer, Esq. John O. Easton, Esq. violations of federal securities law; violations of West Virginia securities law; violations of the West Virginia Consumer Protection Act; violations of West Virginia common law; violation of FINRA and NYSE Rules; negligence; breach of fiduciary duty; respondeat superior; breach of contract; fraud. variable annuity products, including a Prudential Annuity and Jackson
Annuity; United Development Fund.
$450,000.00 (compensatory); n/a unspecified punitive; Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified;
Other Non-Monetary Relief Unspecified
Alex H. Keller (P) Donald B. Vaden (P); John G. Byrd, CPA (NP) Mixed
10-01547 4/2/2010 5/2/2011 Claims Denied Cyndi R. Olejar Living Trust DTD 11/29/98;
Sonya J. Olejar Living Trust DTD 12/14/98
TD Ameritrade, Inc. Seattle, Washington Richard D. Brady, Esq. Hollie
Mason, Esq.
failure to supervise;negligence; misrepresentations; negligent representations; omission of material facts; violations of FINRA rules, federal securities laws, the Washington State Securities Act (RCW 21.20 et seq.), and the state of Washington Consumer Protection Act (RCW 19.86 et seq.). Thornburg Global
Opportunities Fund, Institutional Class shares
$36,185.00 (compensatory) n/a $10,000.00 statutory damages pursuant to the state of Washington Consumer
Protection Act; Pre-judgment and post-judgment interest at the rate of 8% pursuant to the
Washington State Securities Act; Costs, including expert fees, and attorneys’ fees as allowed by contract, equity, or statute.
Robert M. Stein (P) N/A Public
10-01606 3/31/2010 5/24/2011 In favor of claimant Robert M. Ragsdale,
Individually and as a Beneficiary of an IRA
Morgan Stanley & Co., Incorporated;
Morgan Stanley Smith Barney
Houston, Texas Reagan D. Pratt, Esq. James J . Fontanilla, Esq. breach of fiduciary duty; breach of contract; violations of the Texas Securities Act; fraud; negligent misrepresentation; negligence; failure to supervise; violations of NYSE Rule 405 and FINRA Rule 2310; direct and vicarious liability Stock in Lehman Brothers Holdings, inc $518,379.04 (compensatory); $127,000.00 compensatory plus 6% interest unspecified punitive; Interest Unspecified;
Attorneys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified
Sheny R. Wetsch (P) Eric R. Benton (P); Charles A. Bankston (NP) Mixed
10-01620 4/6/2010 5/4/2011 Claims Settled Donald G. Eckrod E*Trade Securities, LLC Richmond, Virginia W. Scott Greco, Esq John Bersin, Esq violation of the Virginia Securities
Act, federal securities fraud, common law fraud and constructive fraud; unsuitable
recommendations and purchases under Virginia law, federal law and FINRA conduct rules; negligence; breach of fiduciary duty; breach of contract; control
person liability; respondeat superior.
Nicholas Applegate and Van Kampen Auction Rate Preferred Securities $1,050,000 (compensatory); n/a unspecified punitive; Respondent to rescind its sale of the securities at issue; interest assessed from
December 30, 2005 at the rate of 6% per annum up to the time of payment of the
award;damages for the loss of opportunity to use investment funds;costs, FINRA fees and attorneys’ fees incurred by Claimant in order to prosecute this action;
Christopher McMurray (P) Peter Vaden (P); Timothy Bogan (NP) Mixed
10-01683 4/9/2010 5/4/2011 Claims Denied Robert Baisa Interactive Brokers, LLC New York, New York Brian J. Neville, Esq Juli Ann
Aylesworth, Esq.; Jeffrey D. Fox, Esq.
breach of contract; breach of industry
standards; breach of fiduciary duty; negligence and/or gross negligence
cancellation of Claimants short sale in lYF, an exchange traded
fund.
$118,167.43 (compensatory); n/a unspecified punitive; interest to run until the date that the Award is fully paid and satisfied; all of Claimants expenses, attomeys’ fees, and disbursements in pursuing this arbitration proceeding John Daly (P) Susan C. Lushing (P); Robert I. AdIer (NP) Mixed
10-01951 4/26/2010 5/20/2011 Claims Denied Richard K. Lublin as Trustee of the Richard K. Lublin and Jane E. Lublin Revocable
Trusts
Merrill Lynch, Pierce, Fenner & Smith Incorporated; Geoffrey
H. Karp
Hartford, Connecticut Edward R. Scofield, Esq Burton Wayne Cox, Esq failure to supervise; negligence;
breach of fiduciary duty; misrepresentation; omission of facts; suitability; violation of Section 10(b) of the Exchange Act and Rule 10(b)(5); violations of the Connecticut
Securities Act, Conn. Gen. Stat. s.36b-1 et seq
unspecified securities $293,607.61 (compensatory); n/a $880,822.83 treble damages; interest; reasonable costs and expenses; attorneys’ fees Samuel H. Chorches (P) Harvey Casher (P); Jack B. Golden (NP) Mixed
10-01972 4/27/2010 5/25/2011 Claims Denied Deborah Traficante UBS Financial Services Inc.;
James Leslie Lacey, Jr.
Washington. D.C. Walter Birkel, Esq. Jeffrey L. Friedman, Esq.; Tobias Ziegler, Esq. violation of Virginia Securities Act; breach of fiduciary duty; violation of FINRA Rule 2310/ Suitability Standards for Direct Participation Programs; violation of FINRA Rules of Fair Practice and Commercial Honor; failure to supervise; breach of contract; fraud; violation
of Section 10(b) of the Securities and Exchange Act of 1934; unsuitabllity;
violation of Investment Advisers Act; negligence
Blackstone private equity limited partnerships compensatory damages as
supported by proof
n/a unspecified punitive; interest at the legal rate from the date of purchase or reasonable
market return; attorneys’ fees; rescission; costs of this proceeding
Douglas Earl McLaren (P) Gerald B. Marcovsky (P); Darryl Michael Lee (NP) Mixed
10-02162 5/5/2010 5/10/2011 In favor of claimant Hurshel Tyler and His Wife Mildred Tyler,
By and Through Her Power of Attorney Bill Tyler
Raymond James Financial Services, Inc.;
LPL Financial Corporation
Dallas, Texas Tracy Pride Stoneman, Esq.; John Brooks, Esq. Erin K. Linehan, Esq; Autumn Crowell, Esq.; John Kinkade, Esq. breach of fiduciary duty; fraud; suitability; fraudulent concealment; failure to supervise; negligence; breach of contract; respondeat superior; violations of federal and state securities laws; violations of the Texas Deceptive Trade Practices Act; violations of the Texas Insurance Code; and violations of FINRA Rules 2310 and 3010 deferred variable annuities such as Allmerica Select, Jackson National, and
Lincoln Benefit. A Genworth Variable Life Insurance Policy, and various individual stocks,
JDS Uniphase, Infospace, and Alcatel
$2,379,634.00 (compensatory) $1,129,796.00 compensatory; interest (5% per annum) ; $34,988.00 costs; $82,281.00 costs for IRS penalties; 250,000.00 attorneys fees unspecified punitive; Interest Unspecified;
Attomeys’ Fees Unspecified;
Other Costs Unspecified;
Other Monetary Relief Unspecified
Roland D. Freeman (P) Robert L. Chisolm (P); Robert J. Gregory (P) Public
10-02336 5/13/2010 5/5/2011 Claims Denied Roland Lee CapWest Securities, Inc.;
Patrick Burke
San Francisco, California Irwin Stein H. Thomas
Fehn, Esq.; Orly Davidi, Esq.; pro se (Patrick Burke)
fraud; misrepresentation;negligence; breach of contract; breach of
fiduciary duty
ECRV Eagle
Pinnacle Medical LLC
$1,016,720.00 (compensatory) n/a Rescission of Claimant’s purchase of the securities at issue in this matter; Interest at the statutory rate as provided by law; Costs of this action, including reasonable costs of representation, including attorneys’ fees to the extent allowed under law, forum fees, fees paid to experts, and
related costs
Jonathan H. Krotinger (P) John J. Flynn (P); James D. Murray (NP) Mixed
10-02460 5/24/2010 5/19/2011 In favor of claimant Harry M. Leete G.A. Repple & Company Raleigh, North Carolina Andrew O. Whiteman, Esq Philip J .
Snyderbum, Esq
breach of duty of care; violations of the North Carolina Securities Act private placement of promissory notes issued by DBS I 2008 Notes
Corporation.
$198,000.00 (compensatory) $132,000.00 compensatory unspecified punitive; interest on $198,000.00 (8% per annum) pursuant to N.C. Gen State. §24-1 from July 2, 2008 until paid in full; less income earned for the three payments he received, $4,598.00; attomeys’ fees in the amount of $96,701.00;reimbursement of the $1,425.00 claim filing fee paid by Claimant to FINRA Dispute Resolution; $7,000.00 for the fees and expenses charged by the expert witness; assessment of ail forum fees to Respondent; additional attorneys’ fees in the sum of $1,354.69 Robert Porter (P) David Rowe (P); George Moore (NP) Mixed
10-02585 5/27/2010 5/3/2011 In favor of claimant Gerald E. Patera Seaboard Securities, Inc. Raleigh, North Carolina J. Anthony Penry, Esq. Anthony J .
DiGiovanni, Jr
unsuitability; unauthorized
purchases; breach of the fully executed Stock Purchase Agreement dated
December 28, 2007 (the “Agreement”).
stock of Spirit Exploration, Inc $431,905.00 (compensatory) $120,000.00 compensatory plus interest rate 8% per annum $300.00 filing fee attorneys’ fees pursuant to Chapter 78A of the North Carolina General Statutes; costs; interest Harold Koger (P) Roy Baroff (P);
Karen Montgomery (NP)
Mixed
10-02613 6/2/2010 5/26/2011 Claims Dismissed Fred Chouinard Charles Schwab & Co., Inc. Miami, Florida Jeffrey Erez, Esq. Kelly J.
Moynihan, Esq.
breach of fiduciary duty; negligence; negligent supervision; fraud Schwab YieldPlus Select Fund $50,000.00 to $100,000.00 (compensatory) n/a unspecified punitive; interest; costs Kitty G. Grubb (P) N/A Public
10-02673 6/4/2010 4/25/2011 Claims Denied John J. Daversa Ken Cole; Merrill Lynch, Pierce, Fenner & Smith Inc. pro se (John J. Daversa) Melinda L. Peevy, Esq.; Julie Wilson Portera, Esq. failure to execute order; deliberately deceived customer by failing to produce Boise order; lied or at least misled Claimant about the entire circumstance and critical facts of order. Boise Inc., common stock $6,000.00 (compensatory); $12,000.00 punitive n/a N/A Earle J. Schwarz (P) N/A Public
10-02766 6/11/2010 5/20/2011 Claims Denied Brent Richtsmeier Jack Kalisz;
National Securities Corporation;
Joseph Stevens & Company, Inc.
Los Angeles, Califomia Joshua A. Waldman, Esq. James Barbee, Esq.; Josepha Sorbara breach of contract; violation of
exchange and industry rules; breach of fiduciary duty; fraud; negligence;
negligent supervision.
various investment accounts $1,253,960.00 (compensatory) n/a unspecified punitive; Attomeys’ fees and the costs of suit herein; Interest at the legal rate Robert E. Jenks (P) Annette Gres Shepherd (P); Karen J. Burneff (NP) Mixed
10-02831 6/16/2010 5/10/2011 Claims Denied Richard E. Schreiber IRA and
Richard E. Schreiber, personally and on behalf of
The Richard E. Schreiber Retirement Trust
Charles Schwab & Co., Inc.;
The Charles Schwab Corporation;
Chartes Schwab Investment Management, Inc
Los Angeles, California Brian D. Miller, Esq. Evelyn C. Best, Esq. federal securities fraud; breach
of fiduciary duty and constructive fraud; fraud and deceit; state securities fraud;
negligence and negligent misrepresentation; breach of fiduciary duty; breach of contract; violation of Section 11 of the 1933 Securities Act; elder abuse
Schwab YieldPlus Fund. $200,000.00 (compensatory); n/a unspecified punitive; Prejudgment and post-judgment interest at the maximum legal rate, dating from the
date of original investment; Other relief as the Panel may deem just and proper including but not limited to filing
fees, expert witness fees and attorneys’ fees, costs and expenses; Attorneys’ fees and costs pursuant to the California Elder Abuse Statute.
David J. Anderson (P) Annette Gres Shepherd (P); Daniel R. Brush. CFP (NP) Mixed
10-02881 6/14/2010 5/3/2011 Claims Denied Steven H. Minar Charles Schwab & Co., Inc. Portland, Oregon Thomas D. Mauriello, Esq. Gordon C. Young, Esq negligence; breach of fiduciary
duty; breach of contract; negligent misrepresentation; fraud and deceit
(California Civil Code §§ 1572,1709, and 1710); California Business & Professions Code Section 17200 et seq.; violations of California Corporations Code §§ 25401 and 25501
Schwab YieldPlus Fund 269,537.12 (compensatory) n/a unspecified punitive; rescission of his investments; Prejudgment interest at the Caiifomia Statutory interest rate; Post-award interest at the California Statutory interest rate from the date of award to
payment; Reimbursement of Claimants FiNRA filing fee/hearing session deposit and all
hearing session fees; Arbitration costs and reasonable attorneys’ fees
Daniel B. MacLeod (P) James E. Bartels (P); Joseph W. Cheek (NP) Mixed
10-02919 6/19/2010 5/9/2011 Claims Denied Brad A. Beggarly, SEP-IRA Charles Schwab & Co, Inc. Los Angeles, California Thomas D.
Mauriello, Esq.
Garrett R. Wynne, Esq. negligence; breach of fiduciary duty;breach of contract; negligent misrepresentation; fraud and deceit
(California Civil Code §§ 1572,1709, and 1710);Califomia Business & Professions
Code § 17200 et seq.; and 7) violations of California Corporations Code §§ 25401 and
25501
Schwab YieldPlus
Fund.
$34,478.00 (compensatory); n/a unspecified punitive; rescission of Claimant’s investments; Prejudgment interest at the California Statutory interest rate; Post-award interest at the California Statutory interest rate from the date of award to
payment; Reimbursement of Claimant’s FINRA filing fee/hearing session deposit and all
hearing session fees; Arisitration costs and reasonable attorneys’ fees
George L. Tindall (P) N/A Public
10-03091 7/2/2010 5/3/2011 In favor of claimant Dalton Investments LLC Credit Suisse Securities (USA) LLC Los Angeles, California Jeffrey
Wittenberg, Esq.
Kyle C. Bisceglie, Esq; Renee M. Zaytsev, Esq breach of contract mortgage backed
security known as WAMU Mortgage-Backed Pass Through Certificate, Series
2007-HY5, Class 3-A2
$4,380,000.00 (compensatory) $250,000.00 compensatory Specific perfonnance requiring Respondent to fulfill the binding obligation to sell and delhrer the Bond to Claimant in exchange for the purchase price; Principal and interest paid on the Bond since the settiement date; Costs and expenses, including attorneys’ fees Thomas E. Shuck (P) Robert J. Ruben (P); George Frederick Garris (NP) Mixed
10-03122 7/8/2010 5/12/2011 Claims Denied Michael Fulda & Rivka Fulda Ten Ent
Michael D. Fulda
Avi Greenlinger;
Avigail Benderly Rosemore;
Morgan Stanley & Co. Incorporated
Baltimore, Maryland pro se (Michael Fulda & Rivka Fulda) Susan Poder MacFarlane, Esq. breach of fiduciary duty; misrepresentation; breach of contract; fraud Univercell Holdings, Planetlink and EIGrande $226,199.00 (compensatory); $60,000.00 (punitive) n/a costs Richard E. Lauziere (P) John H. Adair, II (P); N. Clark Moran (NP) Mixed
10-03172 7/11/2010 5/5/2011 In favor of claimant Leonard A. Miller, Roth IRA E*Trade Custodian E*Trade Securities LLC New York, New York pro se (Leonard A. Miller) Meredith
A. Felde, Esq
breach of fiduciary duty;
misrepresentation; unauthorized trading
unspecified investments $2,675.82 (compensatory); $2,675.82 (punitive) $1.00 compensatory; $75.00 filing fee Respondent’s
Customer Agreement be modified
Sandra Gale Behrle (P) N/A Public
10-03266 7/14/2010 5/10/2011 Claims Denied Estate of Orpheus Meranda David Gregory Schlager;
Edward Jones
Memphis, TN Jason R. Creasy, Esq. Dennis J. Capriglione, Esq. misrepresentations/non-disclosures;
suitability; failure to supervise; negligence.
RIMAX; CAIBX; CAPAX; SVAAX $38,000.00 (compensatory); $10,000.00 (punitive) n/a $5,000.00 attorneys fees Earle J. Schwarz (P) N/A Public
10-03312 7/19/2010 5/23/2011 Claims Denied Gary D. Kennedy Fifth Third Securities, Inc.,;
Joseph Russell Reedy;
Tanika Chere Edmonds
Chicago, Illinois Thomas H. Kennedy, Esq. Robert M. Zimmerman, Esq; pro se (Tanika Chere Edmonds) breach of fiduciary duty; suitability;
breach of contract; failure to supervise; negligence; misrepresentations and omissions; fraud
Franklin
Income Fund – Class A mutual fund
$49,650.00 (compensatory) n/a Interest Unspecified;
Attomeys’ Fees $10,000.00;
Other Costs Unspecified;Other Monetary Relief Unspecified
Jane D. Lollis (P) N/A Public
10-03330 7/21/2010 5/20/2011 Claims Dismissed Boston Property Exchange Transfer Company, Inc. Merrill Lynch, Pierce,
Fenner & Smith Incorporated
Hartford, Connecticut Joseph M. Pastore, Esq; Paul Dehmel, Esq; Leanne ShofI,Esq;
Kathryn Newman, Esq.
David G. Smitham, Esq; Lawrence Fenster, Esq; Brian Amery, Esq; Alan Martinson, Esq breach of contract; conversion; theft;
contribution; negligence; unfair trade practices; suitability; breach of fiduciary duty; regulatory violations; misrepresentations; failure to supervise; fraud; libel; unjust enrichment.
unspecified securities $69,564,211.00 (compensatory); $208,692633.00 (punitive) n/a interest on the punitive/treble damages in the amount of $184,735,862, and attorneys’ fees in the
amount of $750,000.00
Lewis S. Kurlantzick (P) Edward A. Downe (P); David D. Vetrane (P) Public
10-03733 8/17/2010 5/15/2011 Claims Denied Joan R. Grootemaat Morgan Stanley Smith Barney; Owen H. Dugan Jr.; Corinne Moccia-Cunha; Citigroup Global Markets, Inc pro se (Joan R. Grootemaat) Harper Robinson, Esq erroneous trades; duplicate entry of stock; failure to reconcile holdings at the time it was transferred to the
company; sale of non-existent stock; failure to charge account for the sale of stock that did
not exist within three business days of the trade; continued oversight of the fact that
Respondents were the ones that sold the non-existent stock using their discretionary rights
to perform the transaction.
Touchstone Sands Capital Select Growth Z common stock. $7,815.12 (compensatory) $325.00 costs Attorneys’ Fees $250.00; Costs: $8.36; Costs: $325.00 James P. O’Donnell (P) N/A Public
10-03809 8/26/2010 5/2/2011 In favor of claimant Richard J. Brownstein U.S. Bancorp Investments, Inc. pro se (Richard J. Brownstein) James R. Ballard, Esq; Jill Y. Coen, Esq failure to follow instructions to liquidate securities. Powershares DB Crude Oil Dble Short ETN and WisdomTree
Dreyfus Japanese Yen Fd
$10,442.25 (compensatory) $9,357.25 compensatory Interest Unspecified;
Costs Unspecified
Robert F. Saint-Aubin (P) N/A Mixed
10-04307 9/24/2010 5/10/2011 Claims Denied Watkins Brothers Trust Morgan Keegan & Company, Inc Robert Waybe McPherson, Esq. Ryan R. Baker, Esq. material misstatements and omissions; unsuitability; respondeat superior. RMK Multi-Sector High Income Fund, Inc. $13,606.59 (compensatory) n/a Interest at the rate of 10%; attorney’s fees unspecified; costs unspecified; other unspecified Thomas C. McNally III (P) N/A Public
10-04436 9/20/2010 5/3/2011 Claims Denied Michael J . McCarthy Morgan Stanley Smith Barney Los Angeles, California pro se (Michael J . McCarthy) Braden O. Wilhelm, Esq. negligence Proctor & Gamble and DirecTV stock $15,500.00 (compensatory) n/a N/A James A. Sigler (P) N/A Public
10-04643 10/17/2010 5/19/2011 Claims Denied Janbaz Sidiqi TD Ameritrade, Inc pro se (Janbaz Sidiqi) John Erikson. Esq; Hollie M. Mason, Esq. mismanagement of account Various common stocks, including Google and Apple $5,000.00 (compensatory) $87.50 costs N/A Kendall C. Reed (P) N/A Public
10-05162 11/9/2010 5/20/2011 In favor of claimant James Quincy Steigelman, IRA Ameriprise Financial Services pro se (James Quincy Steigelman) Courtney R. Reid, Esq Claimant alleges that he incurred damages when his stop order was activated. JJG Common Shares $10,590.00 (compensatory) $10,590.00 compensatory N/A James L. Karpen (P) N/A Public
02-03268 6/3/2002 2/7/2011 The Panel recommends the expungement of all references to the above captioned
arbitration from Respondent Katrina L. Dudley’s registration records maintained by
the Central Registration Depository (“CRD”), The claim, allegation, or information is factually impossible or clearly erroneous; Dudley was improperly named in the original
complaint. Parties agreed that Dudley was not involved at all; Dudley was erroneously named as a party in the original proceeding; Dudley had no direct or indirect participation in the facts and circumstances stated in
the Statement of Claim.
Dudley’s record should be expunged in the interest of justice; Any and all relief not specifically addressed herein, including punitive damages, is
denied.
Ikho Kang
Unsoon K. Kang
Ikho Kang IRA
First Wall Street Corporation
John R. Openshaw
Charies P. Lazzaro
Barbara J. Ralston
Katrina L. Dudley
Los Angeles, California Christopher Mader, Esq Brandon S. Reif, Esq; Patrick
Baldwin, Esq
1) fraud;
2) negligent misrepresentation; 3) breach of fiduciary duty; 4) failure to supervise in
violation of NASD Conduct Rule 3010; 5) respondeat superior liability; 6) controlling
person liability; 7) breach of contract; and 8) negligent infliction of emotional distress; 1) underwriter liability; and 2) conspiracy to evade or violate
the Securities Act of 1933 as amended.
shares of Telergy, Inc. Compensatory damages in the sum of $590,000.00; Punitive damages; 0 Interest at the legal rate thereon; Costs and attorneys’ fees; Rescission of the disputed investments based on Respondents’ violation of
§ 25401 of the California Corporations Code pursuant to Cal. Corps. Code
§25501; All other equitable relief and damages as shown at the hearing.
James Donovan (P) Thomas Watkins (P); Michael Burnett (NP) Mixed
08-03635 10/6/2008 6/6/2011 Claimanf s claims are denied in their entirety. Loren J. Hulber Wachovia Securities, LLC Philadelphia, Pennsylvania Joel D. Feldman, Esq Angela
A. Turiano, Esq
violations of NYSE and FINRA rules
and regulations and violations of the securities laws and regulations of the
Commonwealth of Pennsylvania, breach of contract, breach of fiduciary duty,
negligence, violation of Pennsylvania’s Unfair Trade Practices and Consumer Protection
Law, and violation of FINRA Conduct Rules; §2110 – Just and Equitable Principles of
Trade, §2310- Recommendation to Customers (Suitability), §2310-2 (a)(1)- Fair
Dealing with Customers, and §3010 (a)(1) – Supervision
unspecified financial sector stocks. compensatory damages in excess of
$500,000.00
0 costs, interest, attomeys’ fees, as well as any other
equitable relief the Arbitrators may deem just and proper.
E. William Pastor (P) Rochelle K. Kaplan (P); Peter D. Shelp (NP) Mixed
08-04697 12/9/2008 6/9/2011 Claimant’s claims having been settled, each and all, are hereby
dismissed with prejudice; The Panel recommends the expungement of all references to the above
captioned arbitration from Respondent, Kimon P. Daifotis’s, registration
records maintained by the Central Registration Depository (“CRD”); The registered person was not involved in the alleged investmentrelated
sales practice violation, forgery, theft, misappropriation, or
conversion of funds;Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Jackie Andalman and the
Jackie Andalman IRA
Charles Schwab & Co., Inc.
and Kimon P. Daifotis
Chicago, Illinois Howard B. Prossnitz, Esq; Thomas F. Shine, Esq; Christopher T.
Vernon, Esq
Cameron Stout,
Esq; Audette P. Morales, Esq
violations of duties of fair dealing, due
care and restraint from self dealing; violations of securities laws; and vicarious liability
Schwab YIeldPlus
Fund
Actual/Compensatory Damages $49,000.00; Exemplary/Punitive Damages Unspecified 0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Other Non-Monetary Relief Disciplinary Referral
Donald W. McKenzie (P) Robert P. Keno (P); Ruth Hannenberg (NP) Mixed
08-04763 12/9/2008 6/16/2011 Respondents are found not liable on all of Claimants’ claims for relief; The Panel recommends the expungement of all references to the above captioned
arbitration from Respondents Isaacson and Shawver’s registration records maintained
by the CRD; The claim, allegation, or information is false.
Steven L. West and Judith K. West, Co-Trustees
of the Steven L. West and Judith K. West Joint
Revocable Trust U/A DTD 12/18/07
Newbridge Securities Corporation
William David Isaacson
James Patrick Shawver
Boca Raton, Florida Bradford M. Gucciardo, Esq; Charles E. Scarlett, Esq Daniel S. Newman, Esq; Heather Siegel Miller, Esq (1) violations of the Florida
Securities and Investor Protection Act, Florida Statutes Chapter 517; (2) common law
fraud; (3) breach of fiduciary duty; (4) negligence (gross negligence); (5) breach of
contract; (6) violation of NASD Conduct Rule 2120: Manipulative, Deceptive and
Fraudulent Devices; (7) violation of NASD Conduct Rule 2310 (“Know Your Customer”):
Unsuitability; (8) violation of NASD Conduct Rule 2110: Commercial Honor and
Principles of Trade; and, (9) violation of NASD Conduct Rule 3010(a): Negligent
Supervision
John Hancock
variable annuity as well as various mutual funds and preferred securities including
Cohen & Steers Global Income Builder, PIMCO Floating Rate Income Fund, Nicholas
Applegate Convertible Income Fund II, Pioneer High Income Fund and Blackrock
Enhanced Capital & Income Fund, Inc.
(1) compensatory damages of not less
than $250,000.00; (2) punitive damages in the amount of $750,000.00;
0 pre-award
and post-award interest at the legal rate for Claimants’ loss of use of their capital; attorneys’ fees; all costs and fees incurred in this action, including all forum fees,
expert witness-related fees, and additional costs/fees incurred by Claimants’ counsel; such further relief as deemed just and appropriate by the Panel.
David Slater (P) Herbert Branitsky (P); Robert Hagan (NP) Mixed
09-00880 2/18/2009 6/14/2011 Claimant’s claims, each and all. are hereby denied and dismissed with
prejudice; The Panel recommends tiie expungement of all references to the above
captioned arbitration from the registi^tion records of Respondents. Jacob
Joseph Taylor, Jack Joseph Csemits, David Michael Dickman, Michael
William Malone. and Michael Riechenbach. maintained by the Central
Registration Depository (“CRD”); The claim, allegation, or Information is factually impossible
or clearly erroneous; The claim, allegation, or infonmation is false; The registered persons were not invoh/ed in tiie alleged
investinent-related sales practice violation, forgery, theft,
misappropriation, or conversion of funds; Other than Forum Fees which are specified below, the parties shall each
bear tiieir own costs and expenses incurred in this matter
Farideh R. Bagne JP Morgan Securifies, Inc.,
JP Morgan Chase Bank, NA.
Jacob Joseph Taylor.
Jack Joseph Csemits,
David Michael Dickman,
Michael William Malone,
and Michael Riechenbach
Detroit. Michigan John H. Hubbard, Esq Christopher M. Burky, Esq statutory conversion; breach of fiduciary
duties; breach of contract; violations of the Michigan Consumer Protection Act; liability for
common law fraudulent misrepresentation and silent fraud; negligent supervisk)n; violation
of federal truth in savings; and dvli conspiracy.
auction rate securities notes
(ARS)
Treble Damages $66,000,000.00; Exemplary/Punitive Damages Unspecified 0 Consequential Damages Unspecified; Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Edward M Olson (P) Leonard G Hendricks (P); Bruce K Case (NP) Mixed
09-02964 5/19/2009 6/9/2011 1. Respondents FTC Capital, FTC Emerging, FTC Holdings, and Clamens are jointly
and severalty liable for and shall pay to Claimant CITGO $20,725,883.00 plus postjudgment
interest at the New York rate of 9% per annum from the date of this Award
until this Award is paid in full.
2. Respondents FTC Capital, FTC Emerging, FTC Holdings, and Clamens are jointly
and severally liable for and shall pay to Claimant PDV $217,503.72 plus postjudgment
interest at the New York rate of 9% per annum from the date of this Award
until this Award is paid in full.
CITGO Petroleum Corporation and PDV Holding, Inc. FTC Capital
Markets, Inc., FTC Emerging Markets Inc., FTC Holdings, LLC, Guillenno David
Clemens, and Line Lopez
New York, New York Anne C. Flannery, Esq. Guillenno David Clamens ( Pro Se); Priya Chaudhry Esq. violations of Section 10(b) of the
Securities Exchange Act and Rule 10b-5, violation of Section 20(a) of the Securities
Exchange Act, respondeat superior, failure to supervise, fraud, conversion, breach of
fiduciary duty, negligence, unauthorized trading, failure to execute, failure to follow instructions, promissory estoppel, misrepresentations and omissions, and unjust
enrichment.
FTC International Notes compensatory damages of no less than
$21,613,503.97 for CITGO and no less than $836,203.56 for PDV; punitive
damages
CITGO $20,725,883.00; PDV $217,503.72 interest; reasonable costs and expenses of this arbitration and related litigation,
including filing fees, counsel fees, and expert fees, a declaration that respondents have
unjustiy enriched themselves and imposing a constructive trust to recoup the unjust
benefits and other assets for the benefit of Claimants, other costs and expenses, and
such other and further relief as the Panel may deem just and proper.
Richard W Cutler (P) Charles Kleinbaum (P); Earl Schwarz (NP) Mixed
09-03222 5/26/2009 6/23/2011 The Panel recommends the expungement of all reference to the above captioned
arbitration from unnamed party Thomas Sawyer’s (CRD #3212424) records
maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or clearly erroneous; and
The claim, allegation, or information is false; The Panel recommends the expungement of all reference to the above captioned
arbitration from unnamed party Perry Gralitzer’s (CRD #2654913) records
maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or clearly erroneous; and
The claim, allegation, or information is false.
Doris Cacace Ameriprise Financial Services, Inc. Newark, New Jersey Nicholas J. Taldone,
Esq.
Michael J . Zaretsky, Esq., negligence, failure to supervise,
violation of FINRA Rules, breach of fiduciary duty, and breach of contract.
Unspecified securities compensatory damages of not less than
$100,000.00
0 interest, costs, expenses, forum and filing fees, rescission, and such other
relief as the arbitration panel deems proper
Charies L. Prothero, III (P) James M. Baumann (P); Nathan J. Minucci (NP) Mixed
09-03299 6/3/2009 6/28/2011 1. ) Claimant’s claims, each and all, are hereby denied and dismissed with
prejudice;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Joel T. LeVahn and
Jolene M. LeVahn
Merrill Lynch Pierce Fenner & Smith, Inc.
and Peter Eckeriine
Minneapolis, Minnesota Lisa Lamm Bachman, Esq Cad Burkhalter, Esq. and Jamie H. Scivley, Esq securities fraud; negligent supervision; respondeat superior; violation of Minnesota Statutes §§80A.68 and 80A.69; breach of
fiduciary duty; negligence; common law fraud; negligent misrepresentation; and violation of
Rule 2110 of the NASD conduct mies.
unauthorized and inappropriate trading Actual/Compensatory Damages $300,000.00
Exemplary/Punitive Damages $300,000.00
0 Interest Unspecified
Attorneys* Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Joan L Volz (P) Leo G Stern (P); Roger D Johnson (NP) Mixed
09-03429 6/5/2009 6/6/2011 1. ) Respondent, Merrill Lynch, Pierce, Fenner & Smith, inc., is liable for and
shall pay to Claimants, Edgar W. (“Bill”) Hagerty and Joann D. Hagerty,
Individually and as Trustees of the Edgar W. Hagerty Trust and the
Joann Didik Hagerty Trust, EWH Investments, LLC, and JDH
Investments, LLC, the sum of $435,000.00 in compensatory damages;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incunred in this matter; and
Edgar W. (“Bill”) Hagerty and Joann D. Hagerty,
Individually and as Trustees
of the Edgar W. Hagerty Trust
and the Joann Didik Hagerty Trust,
EWH Investments, LLC, and JDH Investments, LLC
Merrill Lynch, Pierce, Fenner & Smith, Inc.,
Kathryn Schubert, and Ronald J. Lassek
Omaha, Nebraska James A. Bausch, Esq., and Megan
S. Wright, Esq.
Bryan 1. ReyhanI, Esq breach of fiduciary duty; common law
negligence; common law fraud; violations of the Securities Exchange Act of 1934 § 10(b)
and Rule 10b-5; and violation of the Securities Act of Nebraska
five complex financial derivative instruments Actual/Compensatory Damages $ 900,000.00
Actual/Compensatory Damages $ 300,000.00
Exemplary/Punitive Damages $ 2,400,000.00
$435,000.00 interest – 6% per annum
Attomeys’ Fees- 15,000.00
Other Costs Unspecified
Other Monetary Relief Unspecified
M. W. Gear (P) Verne R. Gray (P); Richard L. Mitchell (NP) Mixed
09-03662 6/14/2009 6/29/2011 Claimant’s claims, each and all, having been withdrawn are dismissed
with prejudice; The Panel recommends the expungement of all references to the above
captioned arbitration from Respondents, Barbara Regnitz and Muneera
Dawood’s, registration records maintained by the Central Registration
Depository (“CRD”); The claim, allegation, or infomiation is factually impossible or
clearly enroneous; The claim, allegation, or information is false; Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter
Frances Lebrasca Wachovia Securities, LLC,
Barbara Regnitz, and
Muneera Dawood
Chicago, Illinois Sandor Grossman, Esq. Deirdre C. Wolff, Esq breach of fiduciary duty; suitability; negligence; misrepresentations; omissions; breach of contract; respondeat superior;
violation of the RICO Act; violation of the Illinois Elder Abuse and Neglect act; and violation
of state securities laws.
various unspecified securities Actual/Compensatory Damages $30,000.00; Exemplary/Punitive Damages Unspecified 0 RICO $90,000.00; Exemplary/Punitive Damages Unspecified
Interest Unspecified
Attomeys’ Fees Unspecified
Other Costs Unspecified
Other Non-Monetary Relief Specific Performance
James F. Carlson (P) Kenneth Adamson (P); Victor Elting, III (NP) Mixed
09-03793 6/24/2009 6/27/2011 Claimants settled their claims with Respondent; A majority of the Panel recommends the expungement of all reference to the above
captioned arbitration from unnamed party Diane J. Honoski’s (CRD#4424413)
registration records maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is false.
Stephen R. Keenan and Julia A. Keenan (on behalf of their respective Individual
Retirement and Annuity Accounts)
Fidelity Brokerage Services LLC New York, New York Steven B. Caruso, Esq. Matthew C. Plant, Esq. violation of New York common law,
fraud, negligence, breach of contract, breach of fiduciary duty, respondeat superior,
unsuitability, failure to supervise, violations of FINRA/NASD Conduct Rules 2110, 2120,
2310, 3010, and NYSE Rules 401, 405, and 342.
unspecified tax-deferred variable annuities 125,000.00 compensatory; unspecified punitive 0 pre-judgement and post judgement interest; costs, forum fees, reasonable attorneys fees Howard Weitz (P) Ira M. Ross (P); Jerome M. Shafer (P) Public
09-03932 6/26/2009 6/15/2011 Claimant’s claims are denied in their entirety. Vernon E. Zurick Shelley Bergman
Bear Stearns & Co., Inc.
J.P. Morgan Securities, inc.
Bear Stearns Asset Management, Inc.
Bear Stearns Securities Corp., a.k.a.
J.P. Morgan Clearing Corp
Denver, Colorado Kevin McDowell,
Esq.
Stephen M. Sinaiko, Esq; Gabrielle Gould, Esq; Nelson Boxer,
Esq.
1) violation of SEC Rule 10(b)-5; 2)
violation of Colorado Securities Act C.R.S. §§ 11-51-101 through 11-51-901; 3)
violation of NASD Rule 2310, formerly Article III, Section 2 of the Rules of Fair Practice,
commonly known as the suitability rule; 4) violation of FINRA Rule 2020, Use of
Manipulative, Deceptive or Other Fraudulent Devices; 5) violation of FiNRA Rule 2310-
2, Fair Dealing With Customers, including but not limited to section (e); 6) Negligence;
and 7) Breach of Fiduciary Duty.
Bear
Stearns High-Grade Structured Credit Strategies, L.P.
Compensatory- 350,000.00; Exemplary/Punitive – 350,000.00 0 Pre-judgment and post-judgment interest; Costs and expert witness fees; Attorneys’ fees and costs, based on the alleged breach of fiduciary duty claim. Robert D. Greenlee (P) Luis D. Rovira, LLB. (P); Gerald K. Moore (NP) Mixed
09-03967 6/30/2009 6/24/2011 1. ) Claimants’ claims, each and all, having been settled, are hereby
dismissed with prejudice;
2. ) The Panel recommends the expungement of all references to the above
captioned arbitration from unnamed party, Patton Teagle’s (CRD#
1251270), registration records maintained by the Central Registration
Depository (“CRD”); 3. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Donald Burwell and Marjorie Burwell A.G. Edwards & Sons, Inc. Cleveland, Ohio Bruce D. Oakes,
Esq.
Kenneth A. Bravo, Esq breach of fiduciary duty; violation of
Ohio’s Securities Act, O.R.C. § 1707; negligence/negligent misrepresentation/omission;
common law fraud; breach of contract; and negligent supervision
unspecified speculative,
aggressive equities and equity mutual funds
Actual/Compensatory Damages $250,000.00
Exemplary/Punitive Damages Unspecified
0 Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Frank C. Fogl, Jr (P) James D. Ellis (P); Mark L. Ferris (NP) Mixed
09-04506 7/28/2009 6/2/2011 1. ) Respondent Howard J. Egeland is liable for and shall pay to Claimants,
Wallace Larson and Shirley Larson, the sum of $292,000.00 in
compensatory damages;
2. ) Respondent Howard J. Egeland is liable for and shall pay to Claimants,
Wallace Larson and Shirley Larson, interest on the above-stated sum at
the rate of 2% per annum from and including October 1, 2008, through
and including May 16, 2011;
3. ) Respondent Howard J. Egeland is liable for and shall pay to Claimants,
Wallace Larson and Shirley Larson, the sum of $71,000.00 in attorneys’
fees pursuant to Minnesota Stat. 80A.76 et seq.;
4. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Wallace Larson and Shirley Larson QA3 Financial Corp. and Howard J. Egeland Minneapolis, Minnesota Christopher A. Grgurich, Esq David A. Baugh, Esq; Jamie B. Palfai, Esq; Howard J. Egeland (Pro Se) stnct liability for the sale of unregistered
securities; material misstatements in connection with the sale/offer of securities; securities
fraud; fraudulent misrepresentation; negligent misrepresentation; and respondeat superior,
negligent supervision, and controlling person liability
unspecified private placement offerings Actual/Compensatory Damages $365,000.00
Exemplary/Punitive Damages $365,000.00
$292,000.00 in
compensatory damages; interest on the above-stated sum at
the rate of 2% per annum from and including October 1, 2008, through
and including May 16, 2011; $71,000.00 in attorneys’
fees
Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Douglas J. Nesbit (P) Emily B. Boote (P); Robert Drae Venters (NP) Mixed
09-04679 8/6/2009 6/6/2011 The Panel recommends the expungement of all reference to the above-captioned arbitration from Respondent James R. Peek’s registration records maintained by the Central Registration Depository (“CRD”); The registered person was not involved in the alleged investment related sales practice violation, forgery, theft, misappropriation or conversion of funds Thomas D. Gant; Gant-Springville Comers, LLC Pacific West Securities, Inc.;
Private Consulting Group, Inc.; James R. Feek ; Thomas G. Justice
Seattle, Washington Mark A. Friel, Esq. Benjamin J. Stone. Esq; Robert L. Keys, CEO; Marco Magnano, Esq. violation of state and federal securities law; breach of fiduciary duty and negligence; violation of rules of fair practice; respondeat superior. Tenancy-in-Common (TIC) properties known as New Hempstead and Springville
Comers that were offered by DBSI.
Actual/ Compensatory – 1,000,000.00 0 8% interest from the date of the principal investment, minus the income he received from the investment Robert M. Stein (P) Lisa E. Schuchman (P); Parker Arthur Montgomery (NP) Mixed
09-04799 8/10/2009 6/13/2011 Claimants’ claims are denied, with prejudice; The parties shall bear their respective attorneys’ fees and costs; Loretta J. Forer; Daniel B. Forer Citigroup Global Markets, Inc.,
d/b/a Smith Barney
Miami, FL D.S. “Dar” Airan, Esq; Robert E. Stone, Esq Elizabeth E. Moum, Esq breach of contract; breach of fiduciary duty; negligence. None compensatory damages of not less than $55,000.00 0 pre- and post-award interest, attorneys’ fees, costs, and such further relief as the undersigned arbitrator (Arbitrator) deemed just and appropriate under the circumstances. David M. Levine (P) N/A Public
09-05394 9/14/2009 6/30/2011 Respondent is found liable and shall pay to Claimant compensatory damages in the amount of $179,409.12, pre-judgment interest specifically denied. Respondent’s request for expungement of the CRD record of non-party Soby is denied. Any and all claims for relief not specifically addressed herein, including Claimants’ requests for punitive damages and attorneys’ fees and costs pursuant to S.C. Code Ann.§ 35-1-509 (Supp. 2009), are denied. Ray Sherbert, M.D.; Kathryn J. Sherisert Morgan Stanley & Co. Inc. Columbia, South Carolina Mitchell Willoughby, Esq., Elizabeth Zeck, Esq: Andrew MacLeod,
Esq.,
Christopher Wilson, Esq; Susan Poder MacFariane, Esq failure to execute instructions; breach of contract; breach of fiduciary duty; negligence; gross negligence; recklessness,; willful and wanton misconduct; violation of SRO rules; negligent misrepresentation; failure to supervise; fraud; constructive fraud and fraudulent concealment; breach of contract accompanied by fraudulent intent; state securities fraud. various unspecified equities Actual/Compensatory Damages Unspecified; Exemplary/Punitive Damages Unspecified Actual/Compensatory- $179,409.12 pre-judgment interest, attorneys’ fees and costs as provided in S.C. Code Ann.§ 35-1-509 (Supp. 2009) and such other and further relief as this Panel deemed just, equitable and proper William F. Julavits (P) Michael E. Easterday (P); Walter J. Wylie (P) Public
09-05428 11/29/2010 6/21/2011 Respondent is liable for and shall pay to Claimant compensatory damages in the amount of $551.17. Elephant Enterprises, Inc. Edward Jones Polk City, FL Charles O’Sullivan Dennis J. Capriglione, Esq.; Edward Jones monetary damages in connection with liquidation of their account None Claim- $551.17 Award- $551.17 Costs- $75 Brendan M. Murphy (P) N/A Public
09-05758 10/5/2009 6/30/2011 1. ) Claimant’s claims, each and all, having been settled are dismissed with
prejudice;
2. ) The Arbitrator recommends the expungement of all references to the
above captioned arbitration from Non-Party, Scott Pederson’s (CRD
#2803918), registration records maintained by the Central Registration
Depository (“CRD”); The claim, allegation, or information is factually impossible or
clearly erroneous; The registered person was not involved in the alleged investment related sales practice violation, forgery, theft, misappropriation, or
conversion of funds; 3. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Don C. Miller,
Donald C. Miller Charles Schwab & Co., Inc. Cust IRA Rollover, and
Donald C. Miller Charies Schwab & Co., Inc. Cust Roth Contributory IRA
Charles Schwab & Co., Inc. and
Kimon P. Daifotis
Chicago, Illinois Christopher T. Vernon, Esq. Kendra S.
Canape, Esq.
breach of fiduciary duty; suitability;
failure to disclose; breach of contract; common law fraud; respondeat superior; and
violations of the Illinois Securities Act and the Illinois Consumer Fraud Act
Schwab YieldPlus Fund Actual/Compensatory Damages $82,453.92
Exemplary/Punitive Damages Unspecified
0 Interest Unspecified
Attomeys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Other Non-Monetary Relief Rescission
Other Non-Monetary Relief Disciplinary Refen^al
Michael F. Jordan (P) N/A Public
09-05898 10/9/2009 6/27/2011 1. Respondents are jointly and severally liable for and shall pay to Claimant
compensatory damages in the amount of $81,000.00.
2. Respondents are jointly and severally liable for and shall pay to Claimant interest on
the aforementioned award of $81,000.00 at the legal rate of 10% per annum
accruing from April 1, 2008 through the date of the award, defined as the date the
award is executed by the last of the aribitrators to sign the award.
3. Respondent Wedbush is solely liable for and shall pay to Claimant expert witness
costs in the amount of $7,500.00.
4. Respondent Wedbush is solely liable for and shall pay to Claimant the sum of
$600.00 as reimbursement for the non-refundable portion of the Initial Claim filing
fee previously paid by Claimant to FINRA
Daniel L. Viilanueva Family Trust Wedbush Securities Inc.
Javier Rivera Jimenez
Los Angeles, Califomia Aimee E. Dominguez, Esq. John W. Stenson,
Esq.,
1) violation of Section 10(b) of the
Exchange Act and Rule 10b-5 (Anti-fraud provision); 2) negligence; 3) breach of
fiduciary duty; 4) churning; 5) failure to supervise; 6) breach of contract; 7) unsuitable
trading; and 8) violation of FINRA. NASD, NYSE Rules, and CA Code of Regulation
Unspecified securities Compensatory – in excess of 600,000.00 / Punitive – in excess of 600,000.00 Compensatory- 80,000.00 / Expert Witness Fees – 7500.00 Respondents to disgorge an amount equal to the funds and benefits they obtained
as a result of the violations alleged, plus prejudgment interest at the legal rate on
that amount, beginning from January 2008; Civil penalties against Respondents pursuant to Section 20(d) of the Securities Act
and Section 21 (d) of the Exchange Act for securities law violations, according to
proof, plus prejudgment interest at the legal rate on that amount, beginning from
January 2008; Claimant’s attorneys’ fees incuned in bringing this action;Such further relief as this Panel may deem just and proper
Suzanne Viau Chamberlain (P) Anita Rae Shapiro (P); David Maurer (NP) Mixed
09-06014 10/19/2009 6/28/2011 The parties have resolved this matter and the issue before the Panel is Respondent’s
request for expungement of Mr. Saviano’s CRD record.
The Panel recommends the expungement of all reference to the above captioned
arbitration from Mr. Saviano’s registration records maintained by the CRD;Mr. Saviano was not involved in the alleged investment-related sales practice violation
Anthony Balzebre
Dorothy Balzebre
Balzebre Alpha LP
Merrill Lynch, Pierce, Fenner & Smith, inc. Miami, Florida Jeffrey B.
Kaplan, Esq; Brian Levin, Esq.
Jason S. Haselkorn, Esq; Patricia M. Christiansen Esq 1) failure to treat Claimants in a just
and equitable manner; (2) breach of contract; (3) breach of fiduciary duty; and, (4) negligence and negligent supervision.
Highland Floating Rate Advantage Fund. compensatory damages in the
amount of $1,600,000.00; unspecified punitive damages
0 prejudgment interest at the statutory rate; damages
based on fairness and equity;costs;such other relief
as the Panel deemed appropriate
Bernard A. Becker (P) Richard K. Hrebik (P); John J. Hearn (P) Public
09-06203 10/26/2009 6/14/2011 1. ) Respondent, Morgan Keegan & Company, inc., is liable for and shall pay
to Claimants, John M. Colley and LaNita Colley, the sum of $50,000.00 in
compensatory damages;
2. ) Respondent, Morgan Keegan & Company, Inc., is liable for and shall pay
to Claimants, John M. Colley and LaNita Colley, the sum of $23,000.00 in
costs; and
3. ) Any relief not specifically enumerated, including punitive damages and
attorneys’ fees, is hereby denied with prejudice
John M. Colley and LaNita Colley Morgan Keegan & Company, Inc. Dallas, Texas W. David Carter, Esq. George Freeman,
Esq; Meredith A. Cunningham, Esq
breach of fiduciary duty; breach of
contract; unsuitability; failure to supervise; violations of securities regulatory rules;
violations of Texas Securities Act; intentional and negligent misrepresentation of material
facts; and common law claims for unjust enrichment, breach of duty of good faith and fair
dealing, and gross negligence.
Regions Morgan Keegan Multi-Sector High Income Fund, Regions Morgan Keegan High
Income Fund, Regions Morgan Keegan Advantage Income Fund and Regions Morgan
Keegan Strategic Income Fund.
Actual/Compensatory Damages $762,586.56
Exemplary/Punitive Damages Unspecified
Compensatory – 50,000.00 / Costs – 23,000.00 Interest Unspecified
Attomeys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Non-Monetary Relief Unspecified
Patricia B. Lehtola (P) Brian D. Esenwein. JD. CPA (P); Lewis W. Pollok, III (NP) Mixed
09-06348 11/5/2009 6/30/2011 1. ) Claimants’ claims, each and all, having been settled are dismissed with
prejudice;
2. ) The Arbitrator recommends the expungement of all references to the
above captioned arisitration from Respondent, Thomas Alexander
Scari^rough’s, registration records maintained by the Central Registration
Depository (“CRD”); The claim, allegation, or information is factually impossible or
clearly erroneous
Joseph and Fionnvala Stockton Fidelity Brokerage Services, LLC and
Thomas Alexander Scarbrough
Dallas, Texas Kelly L. McGill, Esq Melissa HeggerShea, Esq. breach of contract; unauthorized
trading; negligence; suitability; fraud; misrepresentation; and omission of material facts.
Unspecified securities Actual/Compensatory Damages $58,763.51
Exemplary/Punitive Damages $40,000.00
0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Michael E. Rohde (P) N/A Public
09-06496 11/12/2009 6/9/2011 1. The Panel dismisses each and every one of Claimant’s claims asserted against
Respondents with prejudice.
2. The Panel recommends the expungement of all reference to the above-captioned
arbitration from non-party Jonatiian Corob’s registration records maintained by the
Centi’al Registration Depository (“CRD”); The registered representative Jonathan Corob was not involved in the alleged
invesfanent-related sales practice violation.
Metal Finishing Association of Southem
Califomia
Evergreen Investment Services, Inc.
Wachovia Securities, LLC
Los Angeles, Califomia William B. Young, Jr., Esq Kevin K. Fitzgerald, Esq. misrepresentations in offering materials and SEC filings Evergreen Ultra Short
Opportunities Fund
1. Compensatory damages for a sum in excess of $50,653.33 (Claimant resen/es the
right to amend the amount of damages claimed herein upon completion of
discovery);
2. Punitive damages;
0 3. Interest on the foregoing amount pursuant to Califomia state law;
4. Attomeys’ fees, costs, and expenses of these proceedings; and
5. Such other and further relief as the Panel deems just and proper.
George L. Tindall (P) Robert D. Sussin (P); Paul Frederick Meyer (NP) Mixed
09-06505 11/12/2009 6/9/2011 1. ) Claimants’ claims, each and ail, are hereby denied and dismissed with
prejudice;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter; and
3. ) Any relief not specifically enumerated, including punitive damages and
attorneys’ fees, is hereby denied with prejudice.
Patricia Deramus Bunch,
The Patricia Deramus Bunch Trust,
Dawn Deramus Fogel, and
The Dawn Deramus Fogel Trust
Berthel, Fisher & Co. Financial Services
and J. Richard Matheis
Kansas City, Missouri John J. Miller, Esq Jeffrey J. Brinker, Esq; Steven J. Fields, Esq. violation of the Missouri Securities Act;
violation of the Pmdent Investor Act; misrepresentation and omission; negligence; breach
of contract; and breach of fiduciary duty
Unspecified securities Compensatory-750,000.00 / Punitive-Unspecified 0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Michael D. Fitzgerald (P) Sherry L Robinson (P); Joseph M Rebein (NP) Mixed
09-06859 11/23/2009 6/16/2011 The Arbitrator recommends the expungement of all references to the above-captioned
arbitration from Respondent Konopka’s registration records maintained by the CRD; The claim, allegation, or information is factually impossible or clearly erroneous; and,
The claim, allegation, or information is false;
Dr. Donald Steinberg TTEE
FBO Dr. Donald Steinberg
Revocable Trust U/A/D 3/18/92
Morgan Stanley Smith Barney
Citigroup Global Markets Inc.
Thomas Michael Konopka
Boca Raton, FL Dr. Donald Steinberg (Pro Se) John D. Perry, Esq misrepresentatlons/non-disclosures;
omission of facts; suitability; underwriting; breach of contract; failure to supervise; fraud;
and, negligence.
Alpine Total
Dynamic Fund
Compensatory-55,038.62 / Punitive – unspecified 0 Interest-7812.50/ Attorney’s Fees/ Professional Fees Stan West (P) N/A Public
09-07044 12/17/2009 6/8/2011 1. The parties have entered into a confidential settlement agreement.
2. The Panel recommends the expungement of all reference to the above captioned
arbitrafion from Gary Schwarcz’s registration records maintained by the Central
Registration Depository (“CRD”); Gary Schwarcz was not involved in the alleged investment-related sales practice
violation, forgery, theft, misappropriation, or conversion of funds; The dispute was a personal domestic dispute between Claimant and Schwarcz and
unrelated to any investment practices
Lois Grumet Citigroup Global Markets, Inc., and Gary A. Schwarcz New York, New York John E. Lawlor, Esq. William A. Hohauser, Esq; Wayne H. Wink,
Esq.
breach of contract, money had and
received, conversion, negligence, gross negligence, negligent supervision, and breach of fiduciary duty.
Unspecified securities Compensatory- 26500.00 / Punitive – 79500.00 0 interest at the rate of 9% per annum; attorneys’ fees; costs and expenses Richard Weinberger (P) Diana Getzler (P); Stewart E. Winner (NP) Mixed
10-00270 1/19/2010 6/8/2011 1. ) Respondent, RBC Capital Marieets LLC, is liable for and shall pay to
Claimant, Southem Oklahoma Water Corporation, the sum of $14,668.05
in compensatory damages;
2. ) Respondent, RBC Capital Marieets LLC, is liable for and shall pay to
Claimant, Southern Oklahoma Water Corporation, interest on the abovestated
sum at the rate of 6% per annum from and including September 2,
2008 through and including May 25, 2011 per Minnesota Statute Sec.
334.01;
3. ) Respondent, RBC Capital Marieets LLC, is liable for and shall pay to
Claimant, Southem Oklahoma Water Corporation, costs in the amount of
$225.00 as reimbursement of the non-refundable portion of the filing fee;
Southem Oklahoma Water Corporation RBC Capital Maricets, LLC Dallas, Texas Joseph H.
Bocock, Esq; Dara K. Wanzer, Esq.
Janiece M. Longoria, Esq; Carolyn Guy, Esq. negligent failure to follow investment
instmctions.
Unspecified securities Actual/Compensatory Damages $100,000.00 Compensatory – $14,668.05 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Specific Perfomnance (Execute tirading instmctions
as of July 7, 2008)
Robert G. Scott (P) N/A Public
10-00361 1/25/2010 6/7/2011 Respondent is liable for compensatory damages in the amount of $2,000,000.00
less the residuary value of the investment which is $480,000.00. Therefore.
Respondent shall pay to Claimants compensatory damages in the amount of
$1.520,000.00 plus interest at a rate of 6% per annum from September 15. 2008 to
May 27,2011.
Pasquale W. Croce, Jr. and Diane Croce UBS Financial Services, Inc Philadelphia. Pennsylvania Kevin Galbraith, Esq Andrew W. Sidman. Esq securities fraud, common law fraud, misrepresentation,
material omission, unsuitability, breach of fiduciary duty, failure to disclose a material
conflict of interest, breach of contract, negligence, failure to supervise, violation of
federal securities laws, Pennsylvania securities laws (including Titie 70 Pennsylvania
Statutes §1-501 (a)), Pennsylvania common law, and FINRA Rules
Principal Protected Note (100% PNN). Compensatory- 2,000,000.00 / Punitive- Unspecified $1.520,000.00 rescission of the purchase of the 100% PPN in their joint account; recovery of pre- and postaward
interest, costs, expenses, attorneys’ fees, experts’ fees, forum fees
Eugene M. Schloss, Jr. (P) Richard F. Bieker, Ph.D (P); Jamet W. Geiger (P) Public
10-00381 1/20/2010 6/9/2011 1.) Claimant’s claims, each and ail, are hereby denied and dismissed with prejudice; 2. ) The Panel recommends the expungement of all references to the above
captioned ariDitration from Respondent, Harvey R. Newton’s, registration
records maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or
clearly erroneous; 3. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter
Beverly Edwards Morgan Stanley Smith Barney
and Harvey R. Newton
Houston, Texas Dawn R. Meade, Esq. Gregg Garneau,
Esq.
misrepresentation; breach of fiduciary
duty and duty of good faith and fair dealing; negligence and gross negligence; securities
law violations and fraud; violations of the Texas Deceptive Trade Practices Act; and breach
of contract.
Lincoln Life Annuity Actual/Compensatory Damages $650,000.00
Exemplary/Punitive Damages Unspecified
0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Non-Monetary Relief Unspecified
Antoinette M. Romano (P) Raymond L Britton, Sr. (P); David M. Shamblen (NP) Mixed
10-00477 1/27/2010 6/22/2011 1. Respondent David L. Cartson is liable for and shall pay to Claimant Michael
Armstrong compensatory damages in the sum of $183,163.00. An additional
$10,000.00 will be paid to Claimant by Respondent Madison Avenue Securities, Inc.
who was dismissed by Claimant prior to the hearing in a separate agreement made
by the parties.
2. Respondent David L. Carlson is liable for and shall pay to Claimant Michael
Armstrong pre-judgment interest on the sum of $183,163.00 at the rate of 5% per
annum from September 14, 2007 to May 24, 2011.
3. Respondent David L. Carlson is liable for and shall pay to Claimant Michael
Armstrong attorneys’ fees in the sum of $25,000.00, based on the following: a) both
parties having requested that their client be awarded attorneys’ fees in signed
arbitration submissions to FINF^; and b) both parties acknowledged the Panel’s
right to award reasonable attorneys’ fees to the prevailing party (Claimant’s
Statement of Claim dated January 15, 2010; Claimant’s Arbitration Brief on
Attorneys’ Fees dated May 23, 2011 and June 7, 2011; Respondent Carlson’s
Answer to the Statement of Claim dated May 12, 2010; and Respondent Carlson’s
Post-Hearing Brief on Attorneys’ Fees dated June 7, 2011).
4. Upon payment of the award in full to Claimant Michael Armstrong, Claimant Michael
Armstrong shall tender the DLG Notes to Respondent David L. Carlson.
Michael Armstrong and Michael Armstrong, IRA Madison Avenue Securities, Inc.
David L. Carlson
Los Angeles, California David Liebrader, Esq H Thomas Fehn, Esq; Alvin L. Fishman, Esq 1) Breach of Fiduciary Duty; 2) Fraud
and Misrepresentations; 3) Negligence; 4) Violations of Corporation Code § 25401 and
25501 and 25501.5 (California Securities Laws); and 5) Violations of Corporation Code
§ 25110 et seq and 22503, 255(54 and 25504.1 (California Securities Laws)
Unregistered Securities Compensatory – 198000.00 / Punitive – Unspecified Compensatory – $193,163.00 / Attorneys Fees – 25000.00 Rescission of the investments; Consequential damages in an amount according to proof; Disgorgement and restitution of all earnings, profits, compensation and benefits
received by Respondents as a result of its unlawful acts and practices in an
amount according to proof; Pre-award and post-award interest at the maximum rate allowed by law from the
date of the original investment; Cost of arbitration and expenses including reasonable attorneys’ fees, expert
witness fees, and any other costs deemed reasonable
Neil S. Jasper (P) Royal D. Heisser (P); Ronald F. Rybandt (NP) Mixed
10-00497 2/1/2010 6/22/2011 The Arbitrator recommends the expungement of all reference to the above captioned
arbitration from Respondent Howes’ registration records maintained by the CRD; The claim, allegation, or information is factually impossible or clearly erroneous.
Joel F. Kaufman
Nancy B. Kaufman
Morgan Stanley Smith Barney LLC
Tom Howes
Baltimore, MD Joel F. Kaufman
Nancy B. Kaufman (Pro Se)
Andrew Lipton, Esq. (1) misrepresentation; (2)
unsuitability; and, (3) unauthorized trading.
Leveraged Inverse Exchange Traded Funds (“ETFs”) Compensatory – 95,000.00 /Punitive – Unspecified 0 interest in the amount of $5,000.00; costs In the amount
of $90,000.00
June White Dillard (P) N/A Public
10-00520 2/1/2010 6/24/2011 1. Gregory’s request for expungement is denied. Alan M. Mendelson and Peggy Mendelson Merrill Lynch, Pierce, Fenner & Smith,
Inc. and Geoffrey G. Gregory
Hartford, Connecticut Ian E. Bjorkman, Esq. Todd H.
Cox, Esq; Julie Portera, Esq
unsuitable investments,
misrepresentations, mismanagement, violations of NASD Rule 2310 and NYSE Rule 405, lireach of fiduciary duty, breach of contract, and breach of the duty of care.
Freddie Mae and Freddie Mac preferred stock Compensatory-175,000.00 / Punitive – Unspecified 0 prejudgment interest; all costs; attorneys’ fees and other fees and expenses incurred in
this matter; and such other legal and equitable relief as is deemed proper
Francis J. Pavetti (P) Houston P. Lowry (P); Marissa A. Santangelo (NP) Mixed
10-00693 2/11/2010 6/1/2011 1. ) Claimants’ claims, each and all, are hereby denied and dismissed with
prejudice;
2. ) The Arbitrator recommends the expungement of all references to the
above captioned arbitration from unnamed party, Luis E. Gonzalez’s
(CRD# 4867848), registration records maintained by the Central
Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or
clearly erroneous; and The claim, allegation, or information is false; 3. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter
Clayton K. Krause and
lla Mae Krause
FMSBonds, Inc. Dallas, Texas Clayton K. Krause and
lla Mae Krause (Pro Se)
Dennis A. Richard. Esq violation of Texas’ Securities Act;
breach of fiduciary duty; negligence/negligent misrepresentation/omission; common law fraud; breach of contract; and negligent supervision
General Motors note and GMAC Smartnote Bonds Actual/Compensatory Damages $70,000.00/ Exemplary/Punitive Damages Unspecified 0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
C. Sumpter Logan(P) N/A Public
10-00882 2/24/2010 6/17/2011 1. Claimant’s claims are denied in their entirety.
2. The Panel recommends the expungement of all reference to the above captioned
arbitration from Respondent Timothy J. Bartholomew’s registration records
maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is false.
John A. Conarpe, Sr Essex National Securities. Inc. and Timothy J.
Bartholomew
Albany, New York Salvatore D.
Feriazzo, Esq
Timothy A. Valliere. Esq unsuitability, violation of Section 10(b)
of the Securities Exchange Act of 1934, breach of fiduciary duty, misrepresentation, failure to disclose, and respondeat superior.
John
Hancock and Franklin Templeton fixed and variable annuities
Compensatory- 147,000.00 / Punitive-100,000.00 0 costs, filing fees, disbursements, reasonable
attorneys’ fees, and such other and further relief as the Panel deems just and proper.
Jeffrey G. Sommers (P) Alan K. Bloom. CPA (P); Lewis M. Smith (NP) Mixed
10-01149 3/9/2010 6/9/2011 1. Claimant’s claims are denied In their entirety.
2. All requests for attomeys’ fees and costs are denied.
3. The request for expungement regarding non-party Mark A. Jacoby is denied.
4. Respondent Neuberger Berman’s request for expungement is denied.
Ellen L. Brown Neuberger Bemnan. LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Los Angeles, California Marc I. Zussman, Esq Mitchell Albert, Esq; Tare A. LaClair. Esq 1) unsuitability; 2) breach of fiduciary
duty; 3) breach of written contract; 4) firaud by misrepresentation and omission; 5) elder
abuse; 6) failure to supervise and control; and 7) violation of federal and state securities laws and statutory and common law; NASD Rules of Fair Practice and NYSE Rules
Unspecified securities Compensatory-561,142.00 / Punitive-Unspecified 0 Rescission; Lost opportunity costs;Attorneys’fees and costs;Pre and post judgment interest at tiie legal rate; Such other and furtiier relief as ttiis Panel may deem just and proper. Herbert Leslie Greenberg (P) Vincent J . Natoli, Jr. (P); Daniel R. Brush, CFP (NP) Mixed
10-01490 3/26/2010 6/18/2011 The Arbitrator recommends the expungement of alt references to the above-captioned
arbitration from Respondent Rosenberg’s registration records maintained by the CRD; The claim, allegation, or infonnation is factually impossible or clearly erroneous; and,
The registered person was net involved in the alleged investment-related sales practice
violation, forgery, theft, misappropriation, or conversion of funds
Jack Wm. Windt, individually
and as trustee of the Jack Wm.
Windt Revocable Living Trust U/A DTD 6/18/1998
Jesup & Lament Securities Corp., as
successor-in-interest to Empire Financial Group, Inc.
Edward Martin Rosenberg
Tampa, FL W.
Andrew Clayton, Jr., Esq; Jessica L. Clayton. Esq
Todd A. Zuckerbrod, Esq; Marc S, Dobin, Esq violations of the Florida Securities and
Investor Protection Act; breach of fiduciary duty; negligence; breach of contract; fraud; and, negligent misrepresentation.
Shale Royalties 6, Inc. and Shale Royalties 8, Inc. Securities Compensatory – 47,500.00 0 statutory
interest, attorneys’ fees, expectation losses, costs, and such further relief as the
undersigned arbitrator (Arbitrator) deemed just and equitable
Horace A. Andrews (P) N/A Public
10-01695 4/9/2010 6/27/2011 The Panel recommends the expungement of all references to the above captioned
arbitration from Respondent Shaw’s registration records maintained by the CRD; The claim, allegation, or information is factually impossible and clearly erroneous.
Clifford B. Newton
Dorothy L. Newton
SunTrust Bank.
Thomas William Shaw
Jacksonville, Florida Charles A. Morehead, III, Esq. Frederick S. Schrils, Esq 1) failure to supervise; 2)
negligence; 3) breach of fiduciary duty; 4) misrepresentations; 5) omission of facts; and, 6) suitability.
Unspecified Hedge Fund Compensatory-350,000.00 0 interest, attorney’s fees and costs Cindy L Anderson (P) Angelo J. Infantino (P); William H. McCullough (NP) Mixed
10-01715 4/8/2010 6/16/2011 1. ) Respondents, Okoboji Financial Services, inc., Ralph Stacey Schneider,
and Ralph Roberts Schneider, are jointly and severally liable for and shall
pay to Claimants, Leslie Ebeling, Leslie J. Ebeling, Custodian of his IRA,
and Janice R. Ebeling, the sum of $222,000.00 in compensatory
damages;
2. ) Respondents, Okoboji Financial Services. Inc., Ralph Stacey Schneider,
and Ralph Roberts Schneider, are jointly and severally liable for and shall
pay to Claimants, Leslie Ebeling, Leslie J. Ebeling, Custodian of his IRA, and Janice R. Ebeling, the sum of $1,870.00 in costs;
Leslie Ebeling,
Leslie J. Ebeling, Custodian of his IRA,
and Janice R. Ebeling
Okoboji Financial Services, Inc.,
Donahue Edwin Jones,
Ralph Stacey Schneider, and
Ralph Roberts Schneider
Minneapolis, Minnesota Leslie A. Blau, Esq; Paul D.
Malmfeldt Esq.
Okoboji Financial Services, inc. (“Okoboji”) did not appear.
Donahue Edwin Jones (“Jones”) did not appear.
Ralph Stacey Schneider (“RSS”) did not appear.
Ralph Roberts Schneider (“RRS”) did not appear.
unsuitability; failure to supervise;
negligence; breach of contract; and violations of Section 5 of the Securities Act
Medical Provider Financial Corporation IV Series II and Shale Royalties 4 Inc Actual/Compensatory Damages-$197,000.00 to $225,000.00. Compensatory- $222,000.00 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Non-Monetary Relief Unspecified
Christine C. DeMoss (P) Frederick Ramos(P); Lee T. Beske (NP) Mixed
10-01953 4/22/2010 6/3/2011 1. Claimants claims are denied in their entirety.
2. Claimant’s requests for legal fees and costs are denied.
3. Claimant is liable for and shall pay to Respondent $10,000.00 for sanctions in
relation to Claimant’s discovery violations.
4. Respondents requests for legal fees and costs are denied.
5. Respondents request for expungement for unnamed party John Buoni is denied.
6. Any and all relief not specifically addressed herein, including treble damages, is
denied.
Joseph Heenan Janney Montgomery Scott, LLC Philadelphia. Pennsylvania Adam Green, Esq Joshua R. Dutill,Esq; Paula Shaffner, Esq common law fraud, violations of the
securities laws and regulations of the Commonwealth of Pennsylvania, violation of the
Pennsylvania Unfair Trade Practices and Consumer Protection Law, 73 P.S. Sections
201-1 et seq., breach of contract, breach of fiduciary duty, and negligence.
non-cumulative preferred stocks of Aegon, Royal
Bank, Deutsche Bank, and Fannie Mae.
Compensatory Damages-$200,021.00 0 treble damages, attorneys’ fees, interests, and costs Gordon M. Wase (P) Richard N. Kelmans (P); Adam Bronstein (NP) Mixed
10-01982 4/23/2010 6/17/2011 1. ) Claimant’s claims, each and all, are hereby denied and dismissed with
prejudice;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred In this matter; and
3. ) Any relief not specifically enumerated, including punitive damages and
attorneys’ fees, is hereby denied with prejudice.
Margaret C. Lyddon and
The Margaret C. Lyddon Rev. Trust
Bankers & Investors Co. and
MRM Asset Allocation Group, Inc.
Kansas City, Missouri John J. Miller, Esq. Roger N. Walter,
Esq; Daniel Bukovac, Esq
misrepresentation and omission;
negligence; breach of contract; and breach of fiduciary duty.
Security Benefit Variable Annuity Compensatory Damages- $1,021,954.00 /
Exemplary/Punitive Damages Unspecified
0 Interest Unspecified ‘
Attomeys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Non-Monetary Relief Unspecified
Expungement
Walter N. Vernon, III (P) Michael D. Fitzgerald (P); John W. Jones. CFP (NP) Mixed
10-02367 5/14/2010 6/10/2011 1. ) Claimant’s claims, each and all, are hereby denied and dismissed with
prejudice;
2. ) The Ariaitrator recommends the expungement of all references to the
above captioned ariDitration from Respondent. Philip Bocketti, Jr.’s,
registration records maintained by the Central Registration Depository
(“CRD”); The claim, allegation, or infonnatlon Is clearly erroneous; 3. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter;
Edmund J. Chrostowski UBS Financial Services Inc.
and Philip Bocketti, Jr.
Detroit, Michigan Peter C. Rageas, Esq Jon D. Kaplon, Esq. breach of fiduciary duty; unauthorized
trading; failure to supervise, respondeat superior and negligent hiring; negfigence; breach of contract; and violation of Federal Securities Act.
Ford Motor Company stock Compensatory Damages- $ 95,000.00
Exemplary/Punitive Damages- Unspecified
0 Interest Unspecified
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
Timottiy J. Currier (P) N/A Public
10-02369 5/17/2010 6/24/2011 1.) Respondent, Berthel Fisher and Company Financial Services, Inc., is
liable for and shall pay to Claimant, Dennis D. Soderstrum, the sum of
$20,000.00 in compensatory damages;
2)Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter; and
3)Any relief not specifically enumerated is hereby denied with prejudice
Dennis D. Soderstrum Berthel Fisher & Company Financial Services, Inc.
and Ronald S. Helland
Des Moines, Iowa Brenton D. Soderstrum, Esq. Vincent D. Louwagie, Esq. suitability and due diligence two separate DBSl 1013 Tenantin-
Common land parcels in Georgia.
Compensatory Damages- $444,662.94 Compensatory-$20,000.00 Other Costs Unspecified P.J. Boylan (P) Mark E. Schantz (P); Douglas A. Spier (NP) Mixed
10-02435 5/19/2010 6/15/2011 Denied; expungement recommended Succession of Newman Trowbridge, Jr. through its executrix, Lee Trowbridge Capital One Investment Services, LLC; Rick E. Schenck, Sr. New Orleans, Lousianna Steven G. “Buzz” Durio, Esq.; Durio, McGoffin, Stagg & Ackerman; Charles R. Minyard, Esq. Francis M. Curran, Esq.; McCormick & O’Brien, LLP negligence; breach of fiduciary duty; respondeat superior IRA account, made up of unspecified securities Compensatory damages- $184,321.43 n/a interest- $8,909.29; attorneys’ fees- $25,000.00; costs- $16,425.00; other relief Robert H. Putnam, Jr. (P) James Kee Irvin (P); Clave E. Gill, III, J.D. (NP) Mixed
10-02458 5/24/2010 6/24/2011 1. Claimants’ claims are denied in their entirety.
2. Respondent’s counterclaims are denied in their entirety.
3. Any and all relief not specifically addressed herein, including punitive damages, is
denied.
Dr. irakli Glonti and David Dateshidze RBC Dain Rauscher, Inc New York, New York Arnold I. Kalman, Esq Brian F.
Amery, Esq.
breach of contract, fraud, and fraudin-
the-inducement.
Unspecified securities Compensatory-$496,523.50 / Punitive Damages-Unspecified 0 pre-judgment interest at the
rate of 9% from March 9, 2010, or from April 7, 2008, post-judgment interest at the rate of 6% per annum; costs and expenses, attorneys’ fees, experts’ fees,
FINRA Dispute Resolution filing fees in the amount of $1,575.00, assessment against
Respondent of all fees and assessments associated with this arbitration, and any further
relief as may be just and proper
James J. Fishman (P) Lucas A. Ferrara (P); Judith E Gross (NP) Mixed
10-02664 6/7/2010 6/20/2011 1. Claimants’ claims are denied in their entirety.
2. The Panel recommends the expungement of all reference to the above captioned
arbitration from Respondent Bertan’s registration records maintained by the Central
Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or clearly erroneous. 3. The Panel recommends the expungement of all reference to the above captioned
arbitration from Respondent Cobuzzi’s registration records maintained by the
Central Registration Depository (“CRD”); The claim, allegation, or information is factually impossible or clearly erroneous
Susan Ginsburg and/or David M. Ginsburg Test Trust (Susan Ginsburg, Trustee) Sanford C. Bernstein & Co., LLC, AiiianceBernstein Investments, Inc.,
Laurence H. Bertan, and Paul J. Cobuzzi
New York, New York R. Diego Velazquez, Esq; Elaine D. Papas, Esq Sean M.
Murphy, Esq.,
breach of contract, breach of the
implied covenant of good faith and fair dealing, breach of fiduciary duty, fraud,
negligence, gross negligence, violation of FINRA rules and applicable federal securities
laws concerning suitability and supervision, and respondeat superior
Unspecified securities Compensatory-2,000,000.00 / Punitive – Unspecified 0 interest; attorneys’ fees,such other and
further relief as the Panel deems just and appropriate.
Mitchell S. Friedman (P) Edwin H. Bennett (P); Michael S. Perinelli (NP) Mixed
10-02723 6/7/2010 6/24/2011 The Panel recommends the expungement of all references to the above captioned
arbitration from Respondents Snyder and Brocco’s registration records maintained by
the CRD; The claim, allegation, or informafion is factually impossible or clearly erroneous;
Carmen Gordo-Martino UBS Financial Services Inc. of Puerto Rico
Eric Snyder
Magda Brocco
San Juan, Puerto Rico Ralph Vallone Jr.,
Esq.
Roberto C. Quinones-Rivera, Esq; Gulllermo J. Bobonis,
Esq.
(1) unsuitability; (2) violation of
fiduciary duty; (3) breach of contract; (4) negligence; (5) fraudulent inducement; and, (6)
deceit.
Westernbank preferred shares Compensatory-$733,141.00 / Punitive- Unspecified 0 accrued interest; temiination of any and
all agreements, or othenwise, entered into by the alleged use of fraud or
misrepresentation; related costs; losses from the investments due to alleged breach of agreement in
the amount of no less than $500,000.00; loss of funds for commissions due to
alleged intensive unauthorized trading estimated in an amount of no less than
$250,000.00; losses from the investments due to alleged deceit in the amount of
$300,000.00; legal fees and costs
Elena G. Rodriguez (P) Nancy J. Cliff (P); Luz Ivette Rivera (NP) Mixed
10-02791 6/11/2010 6/22/2011 1. Claimant’s claims are denied in their entirety.
2. Any and all relief not specifically addressed herein, including punitive damages, is
denied.
Eugene C. Coiucci HSBC Securities Buffalo, New York Donald G. McGrath,
Esq.
Paul K. Stecker, Esq unsuitable trades, misrepresentation
and/or omissions of material facts and deceptive acts and practices which constitute
breach of contract, breach of duty, violations of state consumer protection laws, breach
of fiduciary duty, and violations of the rules and regulations of NASD
high yields bonds of Associates Corp. North America
6.25% Bonds, Citigroup Inc. 6.2% Bonds, Lehman Brothers Holdings Inc. 7.875%
Bonds, New York State Dorm Authority 5.00% Bonds, and Alliance Bemstein Balance
Wealth Classic C Fund
Compensatory-95,000.00/ Punitive 285,000.00 0 eamings and appreciation from the date of filing, or rescission of the purchase of the
Lehman Brothers Holdings, Inc. 7.875% bonds; attorneys’ fees, costs, expenses, disbursements, and for such other and further relief as
the arbitration panel deems just and proper.
Peter AP. Dunlop (P) Eugene M. Setel, J.D. (P); Jeffrey Mark Schwartz (NP) Mixed
10-02818 6/15/2010 6/27/2011 1.Respondent is liable for and shall pay to Claimant Wiborg Trust $300,000.00 in
compensatory damages.
2. Respondent is liable for and shall pay to Claimant Wiborg Trust $50,000.00 in
punitive damages for fiagrant violations of securities laws and appropriate
supervision of brokers and branch offices after having been put on notice of possible
violafions of selling away; 3. Respondent is liable for and shall pay to Claimant Wiborg Trust $26,658.00 for costs
including witness fees, hearing exhibits, FINRA filing fees, miscellaneous costs,
airfare, and lodging.
4. The parties’ requests for attorneys’ fees are denied.
5. Any and all relief not specifically addressed herein is denied
Lloyd Wiborg and Jane S. Wiborg,
Individually and as Trustees of the Jane S.
Wiborg Trust dtd 7/28/86 Amendment and
Complete Restatement dtd 4/17/96
Pacific West Securities, Inc. San Francisco, California Kalju Nekvasil, Esq Chance A.E. Hodges, Esq 1) violations of federal securities
laws; 2) violations of California securities laws; 3) California unfair, unlawful, and
fraudulent business practices; 4) breach of contract; 5) common law fraud; 6) breach of
fiduciary duty; and 7) negligence and gross negligence
DBSI Offices at Brookhollow Tenant-in-Common securities
and Garlock & Company Museum Pare Garage Tenant-in-Common securities
Recissionary-$1,188,462.00 / Punitive-Unspecified Compensatory-300,000.00 / Punitive-$50,000.00 Bargain damages, lost opportunity costs, and model portfolio damages; Prejudgment interest; Costs; Reasonable attorneys’ fees; Such other relief as is deemed necessary and proper Kenneth W. Gosliner (P) John K. Swearingen (P); James Edward Forbes (NP) Mixed
10-02976 6/23/2010 6/20/2011 The sole Arbitrator recommends the expungement of all references to the above
captioned arbitration from Respondent Patterson’s registration records maintained by
the CRD; The claim, allegation, or information against Respondent Patterson is factually
impossible or clearly erroneous
Bernard Moskowitz Jack Patterson
Raymond James Financial Services, Inc.
Miami, Florida Walter J. Mathews, Esq Kelli Bullington,
Assistant Corporate Counsel; Russell C. Weigel, III, Esq; Edward
AveriDuch, Esq
(1) breach of contract; (2) failure to supen/lse; (3) misrepresentation; (4) negligence; (5)
breach of fiduciary duty; (6) fraud; (7) violation of Chapter 517, Fla. Stat; and, (8)
fraudulent inducement.
Noble
Corporation, Whiting Pete Corporation, Ryanair Holdings PLC, Republic Services,
Interactive Intelligence, EMS Tech., Comstock Res. Inc., and CVS Caremark.
Compensatory-Unspecified 0 damages, interest, and costs. Seth L Finkel (P) N/A Public
10-02988 6/23/2010 6/27/2011 1) Claimant’s claims are
dismissed in their entirety against Respondents Jeremy Reynolds, David Ackel, Lewis
Arlen Shuffler, Pat Robertson, James N. Jackson, Wells Fargo Investment Group, LLC,
and Wells Fargo & Company. 2) Respondents James Gatto and Wells Fargo
Investments, LLC are jointly and severally liable for and shall pay to Claimant
compensatory damages in the amount of $5,660.72. 3) Respondents Cal J. Smith and
Wells Fargo Investments, LLC are jointly and severally liable for and shall pay to
Claimant compensatory damages in the amount of $5,030.00. 4) Respondent Wells
Fargo Investments, LLC is liable for and shall pay to Claimant compensatory damages
in the amount of $150.00. 5) Claimant’s request for punitive damages is denied. 6) Respondent Wells Fargo Investments, LLC is liable for and shall pay to Claimant
interest on $10,840.72 at the rate of five percent (5%) per annum, starting 30 days from
the date of service of the Award until the Award is paid in full. 7) Respondents James
Gatto and Cal J. Smith’s requests for expungement are denied.
8) The Arbitrator recommends the expungement of all reference to the above captioned
arbitration from Respondent David Ackel’s registration records maintained by the
Central Registration Depository (“CRD”) with the understanding that, pursuant to Notice
to Members 04-16, Respondent David Ackel must obtain confirmation from a court of
competent jurisdiction before the CRD will execute the expungement directive
Deanna Chesnut James Gatto, Jeremy Reynolds, David Ackel, Lewis
Arien Shuffler, Pat Robertson, Cal J. Smith, James N. Jackson, Wells Fargo
Investments, LLC, Wells Fargo
Deanna Chesnut (Pro Se) Vanessa M. Hoffman, Esq. failure to
supervise; negligence; breach of fiduciary duty; misrepresentation; suitability; and
defamation.
Wells Fargo Structured Note Compensatory: $13,179.67
Punitive Damages: $10,000.00
Compensatory-10,840.72 N/A R. Lee Britton, Jr. (P) N/A Public
10-03086 6/30/2010 6/13/2011 The Arbitrator recommends the expungement of all reference to the abovecaptioned
arbitration from Respondent Gerald E. Hughes’ registration records
maintained by the Central Registration Depository (“CRD”); The claim, allegation, or information is false
Walter Binder and Mariys J. Binder Edward Jones
Gerald E. Hughes
Helena, Montana Sara E. Hanley, Esq Dennis J. Capriglione, Esq 1) omission of facts; 2) misrepresentation; 3) breach of contract; 4) breach of fiduciary
duty; 5) chuming; 6) suitability; and 7) negligence.
Unspecified Compensatory- 70,150.55 / Punitive 10,000.00 0 Interest In the amount of $9,740.32; Forum fees;Attorneys’ fees, witness and production fees; and Any other case-related costs Nina Vallion, J.D.(P) N/A Public
10-03151 7/1/2010 6/6/2011 1. ) Respondent. Wells Fargo Advisors, LLC, shall repurchase the security at
issue from Claimant. Hugh Gershon, in return for payment of
$250,000.00 to Claimant;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter; and
3. ) Any relief not specifically enumerated, including expungement, is hereby
denied with prejudice
Hugh Gershon Wells Fargo Advisors, LLC and
Morgan Stanley Smith Barney
Detroit, Michigan Craig W. Horn, Esq Demian J. Betz, Esq; John Castelly, Esq rescission auction rate securities including New York State Loc
Govt. Assistance Corp Variable Ref Sub Lien, Metropolitan Trans, and Battery PK City
Auth.
Compensatory-925,000.00 Compensatory-$250,000.00 Attorneys’ Fees Unspecified
Other Costs Unspecified
Stephen D. Kursman(P) Lee Hornberger (P); Eugene Kenneth Laporte (NP) Mixed
10-03241 7/15/2010 6/20/2011 1. Respondents Woodstock and Mandart are jointiy and severally liable for and shall
pay to Claimant compensatory damages in the amount of $34,562.81.
2. Respondents Morgan Wilshire and Mandart are jointiy and severally liable for and
shall pay to Claimant compensatory damages in the amount of $5,016.83.
3. Morgan Wilshire expungement request is denied without prejudice.
4. Any and all relief not specifically addressed herein, including punitive and treble
damages, is denied.
Carole Liotti Morgan Wilshire Securities, Inc.. Woodstock Financial
Group.. Inc., and Brian Mandart
New York, New York Benedict L. Sliney, Esq Michael Finnan, Esq; Thomas Vays, Esq; Brian Mandart (Pro Se) negligence, breach of contract,
breach of fiduciary duty, failure to supervise, unauthorized trading, unsuitable trading, racketeering, fraud, and conversion, and violation of federal and state securities laws.
shares of Goldcorp Inc. New ISIN, S&P Geared FD Inc.
Com, Valero Energy Corp., and Sandisk Corp
Compensatory-77,627.00 / Punitive-Unspecified Compensatory-39579.64 The return of all commissions, fees and charges; That all forum fees and related costs in connection with this arbitration proceeding
be borne by Respondents; Attorneys’ fees but not less than the sum of $25,000.00; Actual costs of this arbitration including, but not limited to, expert witness fees;Treble damages and attorneys’ fees pursuant to the RICO statute;
Gary W. Sherbell (P) Denise N. Seegobin (P); John J. Duval, Sr. (NP) Mixed
10-03249 7/13/2010 6/29/2011 1. Claimant’s claims are denied and dismissed in their entirety.
2. Respondent is liable for and shall pay to Claimant $225.00 as reimbursement for tiie
non-refundable portion of tiie initial claim filing fee previously paid by Claimant to
FINRA.
3. Any and all relief not specifically addressed herein, including punitive damages, is
denied.
Raymond F. Mendez and Margaret A
Mendez Revocable Trust
Wells Fargo Investments, LLC Albuquerque, New Mexico Raymond F. Mendez (Pro Se) Matthew P. Fischer, Esq. 1) breach of fiduciary duty; 2) misrepresentations; 3) omission of facts; and 4) fraud. tax-exempt New Mexico municipal bond Compensatory-76,293.90 0 $103,599.21 in interest (transaction date: December 21, 2007 tiirough June 15,
2011 (1271 days) at 7% interest; $425,000.00 x 7% = $29,750.00 divided by 365 =
$81.51/day); $7,554.67 in attorneys’ fees
Patrick J. Halter (P) N/A Public
10-03436 7/28/2010 6/13/2011 1. ) Claimants’ clainris, each and all, are hereby denied and dismissed with
prejudice;
2. ) Other than Forum Fees which are specified below, the parties shali each
bear their own costs and expenses incurred in this matter; and 3.) Any relief not specifically enumerated, including attorneys’ fees, is hereby
denied with prejudice
Randall Vavrina,
Janice Vavrina,
Randall E. Vavrina Trust Account,
and Barbara Vavrina
E*Trade Securities LLC Omaha, Nebraska Gail E. Bolivar,
Esq.
Meredith A. Felde, Esq breach of fiduciary duty; negligence;
violations of the Nebraska Securities Act; violations of FINfRA rules of supervision and
suitability; negligent supervision and respondeat superior; misrepresentation; and breach of
contract.
CIT Group Bond Compensatory-241,494.00 0 Interest $ 9,000.00
Attorneys’ Fees Unspecified
Other Costs Unspecified
Other Monetary Relief Unspecified
James A. Hayes (P) Rebecca Sue Abell-Brown (P); Bryan L. Johnson (NP) Mixed
10-03756 8/18/2010 6/2/2011 1) Respondents, Brewer
Financial Services, LLC and Jason Michael Mutascio, are jointly and severally liable for
and shall pay to Claimants, Adam Tymrakiewicz and Rosemarie Tymrakiewicz, the sum
of $60,000.00 in compensatory damages; 2)Respondents, Brewer Financial Services,
LLC and Jason Michael Mutascio, are jointly and severally liable for and shall pay to
Claimants, Adam Tymrakiewicz and Rosemarie Tymrakiewicz, the sum of $225.00 in
costs as reimbursement for the non-refundable portion of the filing fee; 3) Respondents,
Brewer Financial Services, LLC and Jason Michael Mutascio, are jointly and severally
liable for and shall pay to Claimants, Adam Tymrakiewicz and Rosemarie
Tymrakiewicz, the sum of $4,000.00 in attorneys’ fees pursuant to Michigan law; 4) All
requests for punitive damages are denied; and 5) All other relief requests are denied
Adam Tymrakiewicz and Rosemarie Tymrakiewicz Brewer Financial Services, LLC and Jason Michael Mutascio Detroit, Michigan Stephen R. Baylerian, Esq Brewer Financial Services, LLC (“Brewer Financial”) did not enter an appearance in this
matter.
Jason Michael Mutascio (“Mutascio”) did not enter an appearance in this matter.
DATE FILED:
Unsuitability Research in Motion (“RIMM”) stock Compensatory-72,310.12 / Punitive- Unspecified Compensatory-60,000.00 Interest-Unspecified / Attorneys Fees-5670.00/ Other Costs-Unspecified/ Other Monetary Relief-Unspecified Martin I. Reisig, J.D.- (P) N/A Public
10-03782 8/23/2010 6/1/2011 Respondents WFS and Jew are found not liable and Claimant’s claim is denied in its
entirety, with prejudice.
Respondent Jew’s request for expungement of his CRD record is denied.
Respondents WFA and Jew jointiy and severally shall pay to Claimant the sum of
$225.00 representing reimbursement of the non-refundable portion of the claim filing fee
previously paid by Claimant to FINRA Dispute Resolution. Any and all claims for relief not specifically addressed herein, including Claimant’s
request for attorneys’ fees, are denied
James J. Pine Wells Fargo Investments, LLC
Wells Fargo Advisors, LLC
Wells Fargo Securities, LLC
Samuel Joseph Jew
Memphis, Tennessee R. Brannon Kahlstorf, Esq; Scott R. Hendrix, Esq Walker S. Stewart, Esq; Kermit Kendrick, Esq; Respondents Wells Fargo Investments, LLC (“WFI”) and Wells Fargo Securities, LLC
(“WFS”) did not appear.
1) breach of contract; 2) breach of
fiduciary duty and obligations; 3) negligence; 4) aiding and abetting forgery; 5) breach of
confidentiality; and, 6) failure to follow company policy and applicable regulations.
None Compensatory-78300.00 0 interest from October 16, 2007, attorneys’ fees and costs John G. Menley (P) N/A Public
10-03819 8/25/2010 6/14/2011 Claimant’s claims, having been settled, are hereby dismissed with prejudice.
The Panel recommends the expungement of all references to the above captioned
arbitration from Respondent Shaffer’s registration records maintained by the CRD; The registered person was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation, or conversion of funds.
B. Wilmont Williams SunTrust Investment Services, Inc. d/b/a Alexander Key
Roger C. Shaffer
Atlanta, Georgia Matthew M. Wilkins,
Esq.
David H.
Wilson, Esq; Peter A. Jacxsens, Jr., Esq
inadequate disclosure shares of Falcon Strategies II B, LLC (the “Falcon Fund”), Compensatory-225,000.00 / Punitive-Unspecified 0 pre-judgment interest; reasonable attorneys’
fees; costs;any further relief deemed fair and reasonable by the Panel
John F. O’Neill (P) Jerome Jack Shure (P); Kenneth I. Daniels (NP) Mixed
10-03876 8/30/2010 6/23/2011 The Panel recommends the expungement of all reference to the above captioned
arbitration from unnamed party Stuart Allan Torrey’s (CRD #1643566) registration
records maintained by the Central Registration Depository (“CRD”); The registered person was not involved in the alleged investment-related sales
practice violation, forgery, theft, misappropriation, or conversion of funds; Any and all relief not specifically addressed herein is denied.
Keith Minnema E*Trade Securities LLC Newark, New Jersey David E. Robbins, Esq Meredith A. Felde, Esq. misrepresentations, omissions,
breach of fiduciary duties, violation of FINRA’s Conduct Rules, unsuitability, violations of
New Jersey Uniform Securities Law, and negligent supervision
shares of Aberdeen Asia- Pacific Income Fund, Blackrock Pfd & Equity
Advantage Tr Auction Market Pdf Shs Ser t7, Aberdeen Asia-Pacific Fund, Blackrock
Pfd & Equity Fund, 10 Aberdeen Redeemed and 6 Blackrock Redeemed Auction Rate
Securities.
Compensatory-150,000.00 0 prejudgment
and post-judgment interest, fees, attorneys’ fees, costs, and such other and
further relief as the arbitrators deem appropriate.
Morton S. Bunis (P) Neat D. Baker (P); Walter A. Kapusdnski (NP) Mixed
10-03883 8/28/2010 6/14/2011 1. ) Claimant’s claims, each and all, are hereby denied and dismissed with
prejudice;
2. ) Other than Forum Fees which are specified below, the parties shall each
bear their own costs and expenses incurred in this matter; and
3. ) Any relief not specifically enumerated, including punitive damages, is
hereby denied with prejudice
Alan Klein Trustee of Alan J Klein Trust TD Ameritrade, Inc. and
TD Ameritrade Clearing, Inc.
Chicago, Illinois Alan Klein (Pro Se) Hollie M. Mason, Esq failure to disclose material facts and
failure to accept responsibility.
TEXTRON Compensatory-14,000.00 / Punitive-35,000.00 0 Other Non-Monetary Relief Unspecified Elliot Leitner (P) N/A Public
10-03913 8/31/2012 6/17/2011 1. Claimant’s claims against FFEC and Donald Richard Marshall are not eligible for
FINRA arbitration and are dismissed pursuant to Rule 12206 of the Code. The
Arbitrators have determined it to be clear from the pleadings, the evidence
presented and from the affirmative confimnation by the Claimant that all of the
transactions which are the subject of the claim submitted herein occurred on or
before August 30, 2004, which is more than six years prior to the filing of the
claim on August 31, 2010.
2. Any and all relief not specifically addressed herein, including treble damages and
attorneys’ fees, is denied.
Mario Martinez, Trustee of the George H. and
Marion P. Jones Trust Dated December 5,1985
First Financial Equity Corporation
Donald Richard Marshall
Roselyn Marshall
George Edward Fischer
Sharon E. Fischer
Phoenix, Arizona Gerald W. Alston, Esq; Leslie Ann Haacke, Esq Jesse B. Simpson,
Esq; Edwin A. Barkel, Esq; Marshall Respndents (Pro Per); Sharon E Fischer (Pro Per)
(1) Arizona Securities law violations
under A.R.S. §44-1991, §44-1992; (2) breach of fiduciary duty; (3) breach of duty of
attorney-in fact (the Marshall Respondents only); (4) conversion; (5) negligent
misrepresentation; (6) suitability; (7) negligence; and (8) failure to supervise
unspecified stocks on margin and mutual fund Compensatory-Unspecified / Punitive- Unspecified 0 refund of excessive compensation; treble damages; attorneys’
fees
Joe S. Tarrer. Ill (P) Richard D. Fincher (P); Herschell E Parent III (NP) Mixed
10-04000 9/7/2010 6/9/2011 Respondent is liable on the claims of negligent failure to supervise and for general
relief, and shall pay to Claimant compensatory damages in the amount of $26,267.59
plus interest at the rate of 6% per annum accruing from March 9,2009 until the award is
paid.
Respondent is found not liable on the claims of violation of the Florida Securities and
Investor Protection Act. §517.301, negligent misrepresentation, breach of fiduciary duty
and negligence.
Respondent is liable for and shall reimburse to Claimant the sum of $225.00,
representing the non-refundable portion of the claim filing fee paid by Claimant to
FINRA Dispute Resolution.
Respondent is liable for and shall pay to Claimant costs comprised of FedEx fees in the
amount of $24.00 and copying fees in the amount of $36.00. Respondent is liable for and shall pay to Claimant the sum of $4,500.00, representing
expert witness fees/analysis incun-ed by Claimant in connection with this arbitration
proceeding.
Claimant’s request for attorneys’ fees is denied.
Respondent is the prevailing party on the claim of violation of the Florida Securities and
Investor Protection Act. Accordingly, the parties are directed to a court of competent
jurisdiction for a determination on Respondenf s request for attorneys’ fees.
Any and all claims for relief not specifically addressed herein are denied.
Irvin Robbins Rev Trust U/A/D 9/16/91
by Elaine S. Robbins, Trustee
Investors Capital Corporation Jacksonville, Florida Robert H. Rex, Esq James A.
McGovem, Esq.
(1) violations of the Florida Securities
and Investor Protection Act; (2) violation of common law negligent misrepresentation;
(3) breach of fiduciary duty; (4) negligent failure to supervise; (5) negligence; and, (6)
general relief.
Unspecified securities Compensatory-175,000.00-221,716.00 Compensatory-$26,267.59 attorneys’ fees, costs and forum fees Cindy L Anderson (P) N/A Public
10-04053 9/13/2010 6/6/2011 1) Claimant’s claims are
denied in their entirety. 2) All other relief requests are denied.
Chanht Reatrey Keo Scottrade Inc. Chanht Reatrey Keo (Pro Se) Les B. Hairrell, Esq; Niels P. Murphy,
Esq.,
Respondent improperly charged her account. Starbuck common shares. Compensatory-9242.00 0 Costs Thomas J. LoSavio (P) N/A Public
10-04454 10/1/2010 6/8/2011 1) Respondent is liable for and shall
pay to Claimant compensatory damages in the amount of $25,000.00. 2) Claimants
request for punitive damages is denied. 3) Respondent is liable for and shall pay to
Claimant interest at the rate of six percent (6%) per annum, pursuant to Florida Statute
Section 55.03, from June 10, 2011 until payment in full of the amount awarded plus accrued
interest. 4) Claimants request for attorneys’ fees is denied. 5) Claimants request for net
out of pocket losses is denied. 6) Claimants request for all charges to the account is
denied. 7) Claimants request for lost earnings is denied. 8) Claimants request for
rescission is denied. 9) FINRA Dispute Resolution shall retain the $425.00 filing fee
previously deposited by Claimant. 10) Respondent is liable for and shall pay to Claimant
costs in the sum of $425.00 to reimburse Claimant for the filing fee previously paid to FINRA
Dispute Resolution
Edward F. Murray, Jr. Morgan Keegan & Company, Inc. Richard S. Frankowski, Esq. Julie W. Portera, Esq., breach of fiduciary
duty; breach of contract; unsuitability; failure to supervise; violation of Securities Regulatory
Rules; intentional and negligent misrepresentation of material facts; wrongful self-dealing
actions; breach of duty of good faith and fair dealing; gross negligence and reckless
disregard; and failure to properly execute duties.
RMK Multi-Sector High Income Fund (RHY). Compensatory-25,000.00/ Punitive-Unspecified Compensatory-25,000.00 Pre-judgment Interest: at
maximum statutory rate on all losses
sustained from the date of the transactions
until the date of the Award
Post-judgment Interest: at the maximum
statutory rate; Attorneys’ Fees: Unspecified; Costs: Unspecified; Other: Net out of pocket losses; Other: All charges to the account; Other: Lost earnings; Other: Rescission
William H. Fleece, J.D. (P) N/A Public
10-04508 10/6/2010 6/8/2011 1) Claimant’s claims are
denied in their entirety. 2) Claimants request for punitive damages is denied.
3) Claimants request for interest is denied. 4) Claimants request for attorneys’ fees is
denied. 5) Claimant’s request for net out of pocket losses is denied. 6) Claimants
request for all charges to the account is denied. 7) Claimants request for lost earnings is
denied. 8) Claimants request for rescission is denied. 9) FINRA Dispute Resolution shall
retain the $425.00 filing fee previously deposited by Claimant. 10) Respondent is liable
for and shall pay to Claimant costs in the sum of $127.50 to reimburse Claimant for thirty
percent of the filing fee previously paid to FINRA Dispute Resolution. 11) All other relief
requests are denied.
Jack D. Vincent Morgan Keegan & Company, Inc. Richard S. Frankowski, Esq. Kathryn J Bushby, Esq breach of fiduciary
duty; breach of contract; unsuitability; failure to supervise; violation of Securities
Regulatory Rules; violation of Kentucky Securities Act; intentional and negligent
misrepresentation of material facts; wrongful self-dealing actions; breach of duty of good
faith and fair dealing; gross negligence and reckless disregard; and failure to properly
execute duties.
RMK Select Intermediate Bond Fund – A (MKIBX). Compensatory-25,000.00 / Punitive-Unspecified 0 Pre-judgment Interest: at the maximum
statutory interest rate on all losses sustained
from the date of the transactions until the date
of the Award by the Arbitrator pursuant to
Kentucky law; Post-judgment Interest: at the maximum
statutory interest rate; Attorneys’ Fees: Unspecified; Costs: Unspecified; Other: Net out of pocket losses; Other: All charges to the accounts; Other: Lost earnings; Other: Rescission
Victoria E. Johnson (P) N/A Public
10-04510 10/8/2010 6/28/2011 1, Claimant’s claims are dismissed in their entirety with prejudice. 2. Any and all relief not specifically addressed herein, including punitive and treble
damages, are denied
Jonathan S. Landow Wachovia Securities, LLC, Wells Fargo Advisors,
LLC, George Mann Gordon, III, Robert William Eddy, Walter Randolph Anderson,
Walter Randolph Anderson, Jr., and Walter R. Anderson
New York, New York Bernard Nathan,
Esq.
Erin Durba, Esq; David Picon, Esq fraud, concealment, aiding and
abetting fraud, conspiracy to commit fraud, breach of fiduciary duty, violation of NASD
and NYSE rules, violation of the R.I.C.O. Act (Title 18 Sections 1961 and 1962)
90% securities loan program. Compensatory-7,500,000.00 / Punitive- Unspecified 0 interest, penalties, and income tax consequences,
treble damages in the amount of $15,000,000.00; costs, expenses,
disbursements in pursuing this arbitration, full reimbursement of all filing, forum fees,
and hearing fees, reasonable attorneys’ fees, $400,000.00 in attorneys’ fees for
defending tax matters, pre-judgment and post-judgment interest unfil any award is paid,
return of the securities used for collateral consisting of Dupont Federal Reserve Notes
(“FRN”) CUSIP No. 26353LHT1 valued at $3,000,000.00, Dupont FRN CUSIP No.
26353LHZ7 valued at $250,000.00, Merck FRN CUSIP No. 58933NAP4 valued at
$3,000,000.00, 3M FRN CUSIP No. 60406CAT4 valued at $2,656,000.00, Proctor &
Gamble FRN CUSIP No. 742718BU2 valued at $3,094,000.00, UPS FRN CUSIP No.
911312AD8 valued at $3,000,000.00. interest actually paid to Derivium or its affiliates in
the amount of $100,000.00, a finding that each named Respondent is responsible for
the acts, debts and obligations, and for such other and further relief as the Panel deems
just, proper, and equitable.
Wells Fargo
Marguerite B. Filson (P) Abigail J. Pessen (P); Michael E. Oiney (NP) Mixed
10-04627 10/12/2010 6/4/2011 1) Claimant’s claims are
denied in their entirety. 2) Claimant’s request for interest is denied. 3) Claimant’s
request for attorneys’ fees is denied. 4) FINRA Dispute Resolution shall retain the
$425.00 filing fee previously deposited by Claimant. 5) Respondent is liable for and shall
pay to Claimant costs in the amount of $212.50 to reimburse Claimant for one-half of the
filing fee previously paid to FINRA Dispute Resolution. 6) Claimant’s other relief
requests are denied.
June S McAnally Revocable Living Trust, By and through William H Watkins, Jr. as Trustee Morgan Keegan & Co., Inc. Robert Wayne McPherson, Esq Ryan R. Baker, Esq material
misstatements and omissions, suitability, and respondeat superior.
RMK Multi-Sector High Income Fund, Inc. (RHY). Compensatory-15,551.18 0 Interest: at the rate of ten percent (10%)
per annum from June 11, 2007 to the date
of the Award; Interest: on the foregoing sum at the rate of ten
percent (10%) per annum from the date of
the Award until payment in full; Attorneys’ Fees: Unspecified; Costs: Unspecified; Other: Unspecified
James J Ashe (P) N/A Public
10-04765 10/18/2010 6/1/2011 1) Respondent is liable
for and shall pay to Claimant compensatory damages in the amount of $174.55.
2) FINRA Dispute Resolution shall retain the $175.00 filing fee previously deposited by
Claimant. 3) Respondent is liable for and shall pay to Claimant costs in the amount of
$175.00 to reimburse Claimant for the filing fee previously paid to FINRA Dispute
Resolution. 4) All other relief requests are denied.
Andrew Schroder TD Ameritrade, Inc Andrew Schroder (Pro Se) Hollie M. Mason, Esq. errors in
processing orders; unauthorized transactions; negligence; failure to execute; and sell
outs.
ProShares Ultrashort (TBT). Compensatory-3900.00 Compensatory-174.55 N/A George R. Canty, Jr. (P) N/A Public
10-05057 11/8/2010 6/17/2011 1) Respondents are jointly and severally liable for and shall pay to Claimant compensatory damages in the
amount of $1,000.00. 2) Claimant’s request for attorneys’ fees is denied.
3) Respondent Brian Jarrett Sohovich’s request for expungement is denied. 4) FINRA
Dispute Resolution shall retain the $325.00 filing fee previously deposited by Claimant.
5) Respondents are jointly and severally liable for and shall pay to Claimant costs in the
amount to $162.50 to reimburse Claimant for one-half of the filing fee previously paid to
FINRA Dispute Resolution. 6) All other relief requests are denied.
George W Froyd Brian Sohovich and Edward Jones John F Hanzel, Esq. Dennis J Capriglione, Esq Breach of contract; failure to properly execute, breach of fiduciary duty, negligence Sun America variable annuity Compensatory-6,235.00 Compensatory-1,000.00 Attorneys’ Fees: $3,275.00 John H. Griffing (P) N/A Public
10-05317 11/23/2010 6/21/2011 1) Claimants’ claims are denied in their entirety. 2) Claimants’ request for punitive damages is denied.
3) Claimants’ request for interest is denied. 4) FINRA Dispute Resolution shall retain
the $425.00 filing fee previously deposited by Claimants. 5) Respondent is liable for
and shall pay to Claimants costs in the amount of $212.50 to reimburse Claimants for
one-half of the filing fee previously paid to FINRA Dispute Resolution. 6) All other relief
requests are denied.
Larry E. Tolbert and Jon C. Tolbert Zions Direct, Inc. Larry E. Tolbert and Jon C. Tolbert (Pro Se) Leigh Davis-Schmidt, Esq. negligence, failure to supervise, and breach of fiduciary duty. Whiting USA Trust stock. Compensatory-7,020.00 / Punitive 14,040.00 0 Interest: $702.00; Costs: Unspecified; Other: Unspecified Carol M. Stoner (P) N/A Public
10-05428 11/29/2010 6/16/2011 1) Respondent is liable
for and shall pay to Claimant compensatory damages in the amount of $551.17.
2) FINRA Dispute Resolution shall retain the $50.00 filing fee previously deposited by
Claimant 3) Respondent is liable for and shall pay to Claimant costs in the amount of
$48.83, which includes reimbursement for a portion of Claimant’s filing fee previously
paid to FINRA Dispute Resolution. 4) All other relief requests are denied.
Elephant Enterprises, Inc. Edward Jones Charles O’Sullivan, Esq Dennis J. Capriglione, Esq., monetary damages in connection with liquidation
of their account.
Unspecified securities Actual/Compensatory – 551.17 Actual/Compensatory – 551.17; Costs – 48.53 Costs – 75.00 Brendan M. Murphy (P) N/A Public
10-05519 12/6/2010 6/1/2011 1) Claimant’s claims are denied in their entirety. 2) Claimant’s request for punitive damages is denied.
3) Claimant’s request for interest is denied. 4) Claimant’s request for costs is denied.
5) All other relief requests are denied.
Ralph Haaran UBS Financial Services, Inc Ralph Haaran (Pro Se) Joseph K. Donovan, Esq. negligence Nationwide annuity Compensatory-1,466.35 / Punitive- $23,500.00 0 Interest: Unspecified; Costs: Unspecified Keely D. Parr (P) N/A Public
10-05558 12/8/2010 6/17/2011 1) Claimant’s claims are denied in their entirety. 2) Claimant’s request for punitive damages is denied.
3) Claimant’s request for interest is denied. 4) Claimant’s request for attorneys’ fees is
denied. 5) FINRA Dispute Resolution shall retain the $425.00 filing fee previously
deposited by Claimant. 6) Respondents are jointly and severally liable for and shall pay
to Claimant costs in the amount of $212.50 to reimburse Claimant for one-half of the
filing fee previously paid to FINRA Dispute Resolution. 7) All other relief requests are
denied.
Clyde Demazeliere Morgan Stanley Smith Barney and Michael Gagliardi Edward A. Rodrigue, Esq Harper Robinson, Esq inappropriate investment. MetLife Marquis variable annuity Compensatory-19,930.48 / Punitive-5,000.0 0 Interest: Unspecified; Attorneys’ Fees: Unspecified; Costs: $525.00 John C. Yeoman, Jr. (P) N/A Public
10-05675 12/16/2010 6/17/2011 1) Respondent David Witter is liable for and shall pay to Claimants compensatory damages in the amount of
$5,379.55. 2) Respondent David Witter is liable for and shall pay to Claimants interest
at the rate of six percent (6%) per annum from the date of the Award until the Award is
paid. 3) FINRA Dispute Resolution shall retain the $425.00 filing fee previously
deposited by Claimants. 4) Respondent David Witter is liable for and shall pay to
Claimants costs in the amount of $425.00 to reimburse Claimants for the filing fee
previously paid to FINRA Dispute Resolution. 5) All other relief requests are denied.
Russell and Bette Gell David Alan Witter and USA Financial Securities
Corporation
Eric A. Lanigan, Esq Gregory M. Kilby, Esq. breach of contract; violation of common law fraud; violation of Florida Blue Sky 517; breach of
fiduciary duty; negligent failure to supervise; and negligence
DFA Global Equity (DGEIX) and Inland America Reit
(REIT) shares
Comopensatory-18,004.55 Compensatory-5,379.55 Interest: at the Florida statutory
rate from the time of the purchase of
the REIT, through the date of the Award; Costs: $425.00; Other: Unspecified
Alun Hywel Jones (P) N/A Public
10-05734 12/27/2010 6/15/2011 1) Respondents are jointly and severally liable for and shall pay to Claimant compensatory damages in the
amount of $17,248.00. 2) Respondent Stephen Hendrie Ledyard’s request for
expungement is denied. 3) FINRA Dispute Resolution shall retain the $425.00 filing fee
previously deposited by Claimant. 4) Respondent Morgan Stanley Smith Barney is
liable for and shall pay to Claimant costs in the amount of $212.50 to reimburse
Claimant for one-half of the filing fee previously paid to FINRA Dispute Resolution.
5) Respondent Stephen Hendrie Ledyard is liable for and shall pay to Claimant costs in
the amount of $212.50 to reimburse Claimant for one-half of the filing fee previously
paid to FINRA Dispute Resolution. 6) All other relief requests are denied.
Jon Ann Hockersmith Morgan Stanley Smith Barney and Stephen
Hendrie Ledyard
Jon Ann Hockersmith (P) Wendy R. Robinson, Esq. Claimant alleged that she was given incorrect information regarding splitting her annuity. Hartford Select Leaders Outlook Annuity Compensatory-17,561.00 Compensatory-17,248.00 Costs: $425.00 Virginia H. Wertz (P) N/A Public
11-00098 1/10/2011 6/29/2011 1) Claimants’ claims are denied in their entirety. 2) FINRA Dispute Resolution shall retain the $325.00 filing fee
previously deposited by Claimants. 3) Respondent is liable for and shall pay to
Claimants costs in the amount of $162.50 to reimburse Claimants for one-half of the
filing fee previously paid to FINRA Dispute Resolution. 4) All other relief requests are
denied.
Edi Franceschini and Lucinda Franceschini Joint Tenants, Edi Franceschini and Franceschini TIAA-CREF Individual & Institutional Services,
LLC
Edi Franceschini (Pro Se) Carranza M. Pryor, Esq Misinformation Unspecified CDs Compensatory-9,825.64 0 N/A Annamaria Boccia-Kovarcik (P) N/A Public
11-00385 1/26/2011 6/17/2011 1) Respondent is liable
for and shall pay to Claimants compensatory damages in the amount of $20,000.00.
2) Claimants’ request for punitive damages is denied. 3) Respondent is liable for and
shall pay to Claimants interest at the rate of six percent (6%) per annum from February
18, 2005 until the Award is paid in full. 4) Respondent is liable for and shall pay to
Claimants attorneys’ fees in the amount of $12,500.00. The Arbitrator awarded
attorneys’ fees pursuant to Md. Corps, and Ass’ns. Code Ann., Sections 11-703(b) (1)
(i) and (ii) and 11-703(3). 5) FINRA Dispute Resolution shall retain the $425.00 filing
fee previously deposited by Claimants. 6) Respondent is liable for and shall pay to
Claimants costs in the amount of $425.00 to reimburse Claimants for the filing fee
previously paid to FINRA Dispute Resolution. 7) All other relief requests are denied
Richard Watts and Sally Warner Watts Charles Schwab & Co., Inc Mark A. Tapper, Esq., Richard A. Karoly, Esq., misrepresentation that YieldPlus was suitable as a smart alternative for cash; dramatic
change of portfolio policy for YieldPlus without obtaining the required shareholder
approval; violation of FINRA’s Conduct Rules; untrue and misleading statements about
YieldPlus; unsuitable YieldPlus recommendation; violation of FINRA Rules; failure to
reasonably supervise YieldPlus sales; breach of duty of fair dealing; and violation of the
Maryland Securities Act.
Schwab YieldPlus Fund. Compensatory-24,869.79 / Punitive-Unspecified Compensatory-20,000.00 Interest: $19,113.15; Attorneys’ Fees: Unspecified; Costs: Unspecified; Other: Unspecified Paul Davis Pearlstein (P) N/A Public
09-06804 12/2/2009 8/3/2011 Claims settled Catherine C. McMichael, Individually and as Trustee for the Wallace T. and Catherine McMichael Trust U/A dated 11/19/91 Wells Fargo Advisors, LLC; Gary L. Foose, Jr. Houston, Texas Richard H. Elliot, Esq. Jack D. Ballard, Esq. Breach of fiduciary duty; negligence; breach of contract; fraud; negligent misrepresentation; failure to supervise; and violations of NASD conduct rules and industry standards Regions Financial Corporation stock $1,500,000.00 (Actual/Compensatory) n/a $500,000.00 (Exemplary/Punitive); interest; attorneys’ fees; other costs; other monetary relief Leonard J. Sullivan (P) Robert Dan Sherrill (P); Ronald R. Simpson (NP) Mixed
09-05640 9/29/2009 7/29/2011 Claims settled Rudolph Texas Investments, Inc., as General Partner of Douglas M. Rudolph Partners, Ltd. Merrill Lynch, Pierce, Fenner, & Smith, Inc. Miami, Florida Jeffrey Erez, Esq. Keith Olin, Esq. breach of fiduciary duty; negligence; negligent supervision; fraud; breach of contract; violation of the Florida Securities and Investor Protection Act Friedberg Milstein Private Capital Fund I; Abingdon Investments, Ltd. Between $500,000.00 and $1,000,000.00 (compensatory) n/a punitive damages; interest; costs; attorneys’ fees Franz Thame (P) Jerrold Levine (P); Bruce Alster (NP) Mixed
08-03816 10/16/2008 7/28/2011 In favor of claimant Othello Capital Partners LP; Othello Capital GP, LP Penson Financial Services, Inc. Dallas, Texas Janet K. DeCosta, Esq. Elizabeth A. Frohlich, Esq.; Michelle Park Chiu, Esq. Common law misrepresentation; breach of contract; conversion; tortious interference with business expectancy; violations of the Texas Securities Act, Tex. Rev. Civ. Stat Art. 581-33(A)(2), Texas Theft Liability Act, Tex. Civ. Prac. & Rem. Code §134.001 et.seq., and the Deceptive Trade Practices Act, Tex. Bus. & Com. Code §§17.41 et. seq. common stock of Typhoon Touch Technologies, Inc.; unspecified securities $23,024,000.00 (compensatory); $5,622,520.00 (compensatory); $35,096.37 (compensatory) $250,000.00 (compensatory) Exemplary/Punitive Damages; Interest; Attorneys’ Fees; Other Costs; Other Monetary Relief; Other Non-Monetary Relief Maxel B. Silverberg (P) Mark I. Preston (NP); Theodore Mack (P); Mixed
10-02820 6/14/2010 7/28/2011 Claims dismissed; claims settled Jennifer Weintraub Banc of America Investment Services, Inc. New York, New York Seth Huberman, Esq. Theodore R. Snyder, Esq. Breach of fiduciary duty; unsuitability; common law fraud; constructive fraud; breach of contract; negligence; failure to supervise; secondary liability; respondeat superior Franklin Income Fund Class C; Mutual Series Mutual Shares Class C; Templeton Growth $100,000.00 n/a Lost opportunity costs; interest; costs; expenses; disbursements; witness fees; attorneys’ fees; other relief Sandra Gale Behrle (P) n/a Public
09-02095 4/15/2009 7/27/2011 Claims dismissed Braden Partners, L.P. by and through JBB, Inc., its General Partner; James Braden as Trustee U/A DTD 04/27/2000 Grant Braden Education Trust; James Braden as Trustee U/A DTD 02/01/2007 Elsa Gaze Braden Trust Merril Lynch, Pierce, Fenner & Smith Inc.; Joshua E. Krentzman Atlanta, Georgia Gerald B. Kline, Esq. Julie Wilson Portera, Esq.; Marcia W. Pratt, Esq. breaches of express and implied contract duties; negligence; breach of fiduciary responsibility; breach of covenant of good faith and fair dealing; violation of the anti-fraud provision of the Georgia Securities Act of 1973; common law fraud and deceit Fannie Mae Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S Shares $225,000.00 (compensatory) n/a Attorneys’ fees; expenses and costs; exemplary damages in the amount not less than $1,000,000; that all forum fees be taxed against the Respondents; such other and further relief as the undersigned arbitrators (the “Panel”) deemed just, equitable and proper Anne H. Orr (P) George Harrison Lemmond (P); Michael J. Stern (NP) Mixed
09-04236 7/15/2009 7/27/2011 Claims settled Donald L. Ames TTEE, Donald L. Ames Trust U/A DTD 04/09/82; Donald L. Ames TTEE, Mary L. Ames U/A DTD 04/09/82 Charles Schwab & Co., Inc.; Kimon P. Daifotis Orlando, Florida Thomas F. Shine, Esq.; Christopher T. Vernon, Esq. Cameron G. Stout, Esq.; Kendra S. Canape, Esq. Negligent misrepresentation; fraud and deceit; unsuitability; breach of contract; violation of federal and Florida state securities laws; violation of SRO rules; vicarious liability; fraud in the inducement; common law fraud Schwab YieldPlus Fund $122,000.00 (compensatory) n/a Reimbursement of filing fees; pre- and post-judgment interest at the Florida statutory rate; costs; punitive damages Benjamin L. Abramowitz (P) Robert S. Anderson (P); David C. Matthews (NP) Mixed
09-06230 10/29/2009 7/26/2011 Claims settled JCE/CBI, Ltd. Morgan Stanley Smith Barney f/k/a Morgan Stanley & Co., Inc.; Toni E. Melinder Houston, Texas Kay J. Hazelwood, Esq.; Thane Tyler Sponsel, III, Esq. Debra Achkire, Esq. Violations of NASD rules; unauthorized trading; breach of fiduciary duty; breach of contract; failure to supervise; conversion; negligence Westside Energy Corporation stock $315,791.32 (compensatory) n/a Exemplary/Punitive damages of $631,582.64; interest; attorneys’ fees; other monetary relief; other non-monetary relief Sherry R. Wetsch (P) Thomas A. Cipolla (P); Thomas C. Gallo, Jr. (NP) Mixed
10-04748 10/18/2010 7/26/2011 Claims denied Joseph H. Roe Chase Investment Services Corp. n/a D. Daxton White, Esq. Elizabeth M. Hill, Esq. Unsuitable investment; false, fraudulent and misleading misrepresentation; breach of fiduciary duty; negligent failure to supervise; negligence CIT InterNote bond $25,000.00 $425.00 (costs) Interest; costs; other Richard B. Lewis (P) Public
09-04362 7/21/2009 7/25/2011 In favor of Claimants Barbara B. Agranoff and Abby Lavelle, as Attorney in Fact for Barbara B. Agranoff, Individually and as Trustee and on behalf of her IRA; Joseph H. Agranoff, Individually and as Trustee on behalf of his IRA Merrill Lynch, Pierce, Fenner, & Smith, Inc.; Robert M. Rosen Columbus, Ohio Timothy L. Van Eman, Esq. Russell S. Sayre, Esq. Breach of fiduciary duty; negligence; breach of contract; fraud; violation of Ohio Securities Laws Unspecified Securities $781,068.24 (compensatory); $1,000,000.00 (punitive) $160,946.25 (compensatory) paid to Claimaints Barbara B. Agranoff and Abby Lavelle; $130,678 (compensatory) for Claimaint Joseph H. Agranoff; interest (3% per annum) attorneys’ fees; other costs; other monetary relief; other non-monetary relief; $247,861.00; $292,675.00; $284,875.25 Carol M. Stoner (P); Robert L. Washburn (P); Daniel R. LaMacchia (NP) Mixed
10-02569 5/26/2010 7/25/2011 Claims dismissed; claims settled William Pete Jones, II Ferris Baker Watts and its successor RBC Wealth Management, a division of
RBC Capital Markets Corporation
Charleston, West Virginia Stephen P. Meyer, Esq. Denis C. Dice, Esq. Violation of the Securities Exchange Acts of 1933 and 1934; violations of West Virginia Common Law, West Virginia Consumer Protection Act and West Virginia Securities Act; fraud; negligence; breach of contract; breach of oral contract; breach of fiduciary duty; respondent superior; violation of FINRA conduct rules; violation of New York Stock Exchange Rules Unspecified reverse convertables $86,000.00 n/a Punitive; interest; attorneys’ fees; other costs; other monetary relief Frank C. FogI, Jr. (P) n/a Public
10-03340 7/23/2010 7/25/2011 Claims denied Ocean Research and Conservation Association Banc of America Securities, LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated Boca Raton, Florida Mathew J. Barnes, Esq.; Nicholas D. Thomas, Esq. Howard G. Meyers III, Esq. Breach of contract; breach of fiduciary duty; negligence Unauthorized release of funds from Claimant’s money fund account $80,000.00 (compensatory) n/a Interest (8.0%); costs; attorneys’ fees Marie Peterson (P) n/a Public
09-06329 11/5/2009 7/22/2011 Claims settled Giovanni Savinovich Banc of America Investment Services Inc.; John M. Lee; Gordie Jamieson Newark, New Jersey John A. Daniels, Esq. John Lukanski, Esq. Misrepresentation; omission of facts; unsuitability Unspecified Securities $800,000.00 (compensatory) n/a $4,000,000.00 (punitive); $50,000.00 (attorneys’ fees); $10,000.00 (costs) Dwight Wassong (P) Joseph H. Cerame (P); Richard V. Adams (NP) Mixed
09-06707 11/23/2009 7/22/2011 In favor of Claimant; against KMS Financial Sevices, Inc.; Michael Berovic, Individually and as Trustee of the Michael Berovic Reovcable Living Trust dtd 12/15/97, and on behalf of the Berovic-Goshen Village LLC KMS Financial Services, Inc.; Christian Michael Sayre-Smith Phoenix, Arizona Joel A. Goodman, Esq. Christian T. Kemnitz, Esq. violations of federal securities law; violation of the Securities Act of Arizon; violations of Arizona Consumer Fraud Act; violation of Oregon Securities Act; breach of contract; common law fraud; breach of fiduciary duty; negligence and gross negligence Investments in the DBSI Goshen Village LLC, DBSI Copenhaver Road LLC, and CHI Income Equity Fund XV, LP long-term Tenants-in-Common $1,564,556.96 (compensatory) $137,592.00 to be paid by Respondent KMS Financial with respect to the DBSI Goshen Village transaction; $45,864.00 (attorneys’ fees); $5,000.00 (attorney’s fees); $5,000.00; $48,000.00 (costs); $600.00 (reimbursement) $893,696.51 (non-rescissionary); $229,800.00 (rescissionary); $48,895.78 (costs); attorneys’ fees; fees; Bargain damages; lost opportunity costs; model portfolio damages; prejudgment interest; costs; unspecified punitive damages; such other relief as deemed neccesary and proper Richard D. Fincher (P); Roger A. Gaddes (P); John Barton Schannep (NP) Mixed
09-06623 11/20/2009 7/21/2011 In favor of Claimant Richard W. Fahs, II Merrill Lynch, Pierce, Fenner & Smith, Inc. Hartford, Connecticut Nicholas J. Guiliano, Esq. William E. Mahoney, Jr., Esq. Violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934; suitability; violation of the Connecticut Uniform Securities Act; breach of fiduciary duty; negligent failure to supervise; fraud Unspecified Securities $177,000.00 (compensatory) $44,607.00 (compensatory); $8,040.00 (interest at the rate of 6% per annum); $30,000.00 (attorneys’ fees); $300.00 (non-refundable portion of the filing fee previously paid to FINRA Dispute Resolution) Lost income under the “well managed portfolio” theory of recovery; unspecifird punitive damages; interest; attorneys’ fees; costs of the suit; other relief that is just, fair, and equitable Francis J. Pavetti (P); Janet L. Brown (P); Jane Venckus Zirlis (NP) Mixed
09-06787 12/1/2009 7/21/2011 For Claimaint against CapWest, Toth, and Latitude; Claims dimissed againt Workman Manuel Bernal; Jean Bernal; John McClennan; Jeannette McClennan Attila Gyula Toth; Latitude Financial Services, LLC; CapWest Securities, Inc.; Workman Securities Corporation Phoenix, Arizona Salvador Ongaro, Esq. H Thomas Fehn, Esq.; Debra A. Jenks, Esq. professional negligence; breach of fiduciary duties; statutory misrepresentations and omissions – Arizona Securities Act; statutory misrepresentations and omissions – ArizonaConsumer Fraud Act; statutory misrepresentations and omissions – Arizona Investment Management Act; statutory misrepresentations and omissions – SEC Rule 10b-5; vicarious liability – respondeat superior Investments in oil and gas ventures Striker Petroleum and Shale Royalties $214,126.00 (compensatory); $184,126.00 (compensatory); $223,500.00 (compensatory); $148,500.00 (compensatory) $184,126.00 (compensatory); $30,000.00 (compensatory); $148,500.00 (compensatory); $75,000.00 (compensatory); interest (10% per annum); $64,091.95 (attorneys’ fees); $66,435.45 (attorneys’ fees); $169.81 (costs); $169.81 (costs); $375.00 (filing fee) Recission of the transactions that includes a return of the principal lost in the investments; costs; attorneys’ fees; 10% statutory interest from date of the investment; punitive (unspecified) Louis M. Parker, J.D. (P) Jay Lawrence Witkin (P); James E. Stark (NP) Mixed
09-07271 12/24/2009 7/21/2011 Claims dismissed Roger Fross Charles Schwab & Co., Inc. Chicago, Illinois Adam J . Gana, Esq. Gordon C. Young, Esq. Violation of state and federal laws; misrepresentation; negligent misrepresentation; suitability; violation of FINRA Rules; breach of fiduciary duty; failure to supervise YieldPlus Select Fund $185,927.89 (Compensatory) n/a Punitive; interest; attorneys’ fees; other costs; other monetary relief John K. Notz, Jr. (P) Elena P. Anastasiou (P); Ann W. Kuppe (NP) Mixed
10-00353 1/23/2010 7/21/2011 Claims denied; claims dismissed Keith Newman; Shaila Newman TD Ameritrade, Inc. Houston, Texas John Courtade, Esq. James J. Vihstadt, Esq. Breach of contract; detrimental reliance; negligence; violation of the duty of good faith and fair dealing; breach of fiduciary duty; breach of the Texas Deceptive Trade Practices Act Unspecified Margin Account $84,000.00 (compensatory) n/a Interest; attorneys’ fees; other costs Randall W. Helnrich (P) n/a Public
10-00728 2/8/2010 7/21/2011 Claims settled; claims dismissed Raymond Masiliunas Morgan Stanley Smith Barney, LLC Chicago, Illinois Sandor L. Grossman, Esq. Raul Sanchez, Esq. Unsuitable investment recommendations; negligent account management; misrepresentation and omission; state securities law violations; violations of the Illinois Elder Abuse and Neglect Act; violation of Illinois Deceptive Trade Practices Act 815 ILCS 510/1 et seq.; violations of section 2353, 2010, 2020, and 3000 of the Conduct Rules of FINRA; breach of contract; common law fraud and misrepresentation; breach of fiduciary duty and constructive fraud; negligence; negligent supervision Unspecified securities $74,000.00 (Compensatory) n/a Interest; attorneys’ fees; other costs; other monetary relief; other non-monetary relief Sondra Sellars (P) n/a Public
08-04586 12/4/2008 7/20/2011 In favor of claimant Staton Family Investments, Ltd.; Claims Dismissed (Daniel C. Staton) Staton Family Investments, Ltd.; Daniel C. Staton Merril Lynch, Pierce, Fenner & Smith Inc.; Merrill Lynch Bank USA; Merrill Lynch & Trust Company FSB; Christopher Dale Jacobs; Margot M. Dwyer; James R. Dickson; Gerald Andres Schwinn, Jr.; The Jacobs Team Boca Raton, Florida Martin P. Russo, Esq.; Sarah Y. Khurana, Esq. Richard L. Martens, Esq.; Patricia Morales Christiansen, Esq. 1) Securities and common law fraud against Repsondents Merrill Lynch, ML Bank, MLB&T, Jacobs, Dickson, Dwyer and the Jacobs Team; 2) breach of fiduciary duty against Respondents Merrill Lynch, ML Bank, MLB&T, Jacobs, Dickson, Dwyer and the Jacobs Team; 3) breach of contract against Respondents Merrill Lynch, ML Bank, and MLB&T; 4) breach of the implied covenant of good faith and fair dealing against Respondents Merrill Lynch, ML Bank, and MLB&T; 5) breach of the fiduciary duty against Respondents Merrill Lynch, Jacobs, and the Jacobs Team; 6) breach of the fiduciary duty against Respondents Merrill Lynch, ML Bank, MLB&T, Jacobs, Dickson, Dwyer and the Jacobs Team; 7) negligence against Respondents Merrill Lynch, ML Bank, MLB&T, Jacobs, Dickson, Dwyer, and the Jacobs Team; 8) negligent misrepresentation against Respondents Merrill Lynch, Jacobs and the Jacobs Team; 9) common law fraud against Respondents Merrill Lynch, ML Bank, Jacobs and the Jacobs Team; 10) promissory estoppels against Respondents Merrill Lynch, ML Bank, Jacobsand the Jacobs Team; 11) unauthorized trading against Respondents Merrill Lynch, Jacobs and the Jacobs Team; 12) violations of Florida’s Deceptive and Unfair Trade Practices Act against Respondents Merrill Lynch, ML Ban, MLB&T, Jacobs, Dickson, Dwyer and the Jacobs Team; 13) violations of Florida’s Civil Theft Statute against Respondents Merrill Lynch, ML Bank, MLB&T,Jacobs, Dickson, Dwyer, and the Jacobs Team; 14) negligent supervision against Respondents Merrill Lynch, Dickson and Schwinn; 15) control person liability against Respondents Merrill Lynch, Dickson and Schwinn Common stock of Duke Realty Corporation $300,000,000.00 (compensatory);$50,000,000.00 (punitive) $8,100,000.00 (compensatory) $900,000,000.00 (treble); $854,000.00 (taxes); $327,602.00 (loss from sale); $14,879,721.00 (loss of dividends); $4,500,000.00 (losses from bonds); loss of investment opportunities, emotional distress, embarrassment and damage to reputation; costs; expenses; attorneys’ fees; Frances D. Sheehy (P) Morton D. Siegel (NP);Allen Robin (P); Mixed
09-04594 7/30/2009 7/20/2011 Claims denied Daniel V. Igoe John Anthony Orlando; Mickey Paul McLellan; Peter Donald Andolpho, Jr.; American Vision Financial Group, Inc.; Michael Edward Petrusha Boca Raton, Florida pro se David J. Feingold, Esq., David G. Hutchison, Esq. unsuitability; failure to supervise; negligence; breach of fiduciary duty; misrepresentation IRA account $8,395.00 (compensatory ) n/a $4,000 (interest); $900 (costs); $5,000.00 (attorneys’ fees) Paul Sterman (P) n/a Public
10-01449 3/22/2010 7/20/2011 Claims denied; claims dismissed Lang Velka; Philip Velka James Michael Orr; Christopher Shawn Beckett; UBS Financial Services Inc. Los Angeles, California pro se Kathleen S. Adams, Esq. Mishandling of the account Lehman Brothers, Citigroup, Barclays Bank; A-rated bonds $50,000.00 (Compensatory) n/a Costs of defense; forum fees; other relief Audrey H. Ruben (P) Public
10-05763 12/20/2010 7/20/2011 Claims denied John P. Fowlds; Brenda J. Fowlds PNC Investments, LLC f/k/a NatCity Investments, Inc; James Galloway n/a Richard A. Stephens, Esq. Brian A. Carlis, Esq. Violation of the Securities Act and common law fiduciary duties; violation of the Securities Exchange Act of 1934 and SEC Rule 17a-3; negligence; breach of State common law civil fraud by negligence; respondeat superior Fannie Mae preferred stock $25,000.00 n/a Interest; costs Monica I. Salis (P) Public
10-00432 1/25/2010 7/19/2011 Claims denied Roberta Press TTEE FBO Roberta Press Living Trust TD Ameritrade, Inc. Boca Raton, Florida Floyd R. Brown; Russell L. Forkey, Esq. Neil S. Baritz, Esq Negligent supervision; misrepresentation and omission of material facts; breach of contract; breach of fiduciary duty; violation of Florida Statutes §517 Unspecified Securities $1,764,912.00 (Compensatory); $3,000,000.00 (Punitive and Exemplary) n/a Legal fess and costs in accordance with Florida Statute 517.211; all forum fees and claim filing fees; other relief Monica Salis (P) Joseph Bernstein (P); Jay Zeif (NP) Mixed
10-03226 8/3/2010 7/19/2011 Claims denied Ann Marie Ozark Joyce Hoban; Ameriprise Financial Services, Inc. Philadelphia, Pennsylvania Joseph L. Ozark, Jr. Howard M. Klausmeier, Esq. Misrepresentations; omissions; unsuitable investments Inland Western REITs $9,572.00 (Compensatory) n/a Filing fee ($325.00) Bemard Herman (P) n/a Public
10-01641 4/21/2010 7/18/2011 Claims dismissed; claims settled Kurt Bochner, individually and on behalf of Bochner Oakwood Plaza LLC and K.B. Trust LLC Kenneth Ray McDonald; Crown Capital Securities L.P. Los Angeles, California David Liebrader, Esq. G. Thomas Fleming, Esq.; Craig R. Bookman, Esq. Breach of fiduciary duty; misrepresentations and omissions; negligence; violation of California securities laws – Sections 25401 and 25501 of the California Corporations Code; violation of California securities laws – Sections 25110, 25130 and 22503 of the California Corporations Code; violation of federal securities laws; breach of contract tenant in common interests originated by DBSI, Inc., DBSI Lamar LLC and DBSI Oakwood Plaza Acquisitions LLC $762,898.00 (Compensatory) n/a Rescission; consequential damages; disgorgement and restitution of earnings, profits, compensation and benefits; assumption of payments on the loan; punitive and exemplary damages; interest; costs of arbitration and expenses including reasonable attorneys’ fees, expert witness fees; other costs Elliot Zachary Seff (P) Donald A. Duncan (P); Philip W.Burge (NP) Mixed
10-02252 5/11/2010 7/18/2011 In favor of Claimant Ira Robb, Individually and as General Partner of Iracini Equity, LP, and as Beneficiary of the Ira Robb Rollover IRA; Edward W. Leshin, as Beneficiary of the Edward W. Leshin Rollover IRA; Leonard and Kimberiy Almaiech, as Co-Trustees of the Almaiech Living Trust Neuberger Berman, LLC; Joseph Vincent Amato; Bradley Curtis Tank; Edward Stephen Grieb; Brad Elliott Cetron; Brian Hahn Chicago, Illinois Alan F. Block, Esq.; Nicholas P. lavarone, Esq. Seth M. Schwartz, Esq. Breach of fiduciary duty; fraud; negligence; violation of the Racketeer Influenced and Corrupt Organizations Act (“RICO”); violation of the Illinois Consumer Fraud and Deceptive Business Practices Act; violation of the California Consumer Legal Remedies Act; violation of the Illinois Securities Law of 1953; violation of the California Securities Law of 1968; violation of the Securities Act of 1934 Unspecified securities $ 7,195,973.00 (Compensatory); $21,587.919.00 (Punitive); $ 250,000.00 (Compensatory); $ 750,000.00 (punitive); $ 115,000.00 (Compensatory); $ 345,000.00 (Punitive) $115,000.00 (compensatory); interest (3% per annum); $7,500.00 (attorneys’ fees); $250,000.00 (compensatory damages); interest (3% per annum); $1,680,000.00 (compensatory damages); interest (3% per annum); $3,000,000.00 (compensatory damages); interest (3% per annum); $600.00 (filing fee) Attorneys’ fees; other costs Ray J. Grzebielski (P) G. Marshall Abbey (P); Matthew P. Hardy (NP) Mixed
11-00380 1/29/2011 7/18/2011 Claims denied Dale Gibbons Fidelity Brokerage Services LLC n/a pro se Meredith A. Faro, Esq. Respondent breached its contractual obligations by closing a short position in an account that had sufficient margin capacity, was not a retirement account, and shares were available to be borrowed Blue Nile (NILE); Open Table (OPEN) shares $2,732.15 $87.50 (costs) costs ($175.00) Katherine M. Harmeyer (P) Public
09-03670 6/16/2009 7/16/2011 Claims dismissed Robert R. Banks; Robert R. Banks IRA; Vita Banks; Vita Banks IRA Merril Lynch, Pierce, Fenner & Smith Incorporated San Diego, California Paul W. Thomas, Esq. James P. Delphey, Esq. breach of fiduciary duty; misreprentations and omissions; negligence; vioaltion of Corporation Code §§ 25401 and 25501 (California Securities Laws) Merrill Lynch Common Stock (“MER”) $3,829,609.00 (compensatory) n/a Punitive and exemplary damages; Pre-award and post-award interest; cost of arbitration and expenses including reasonable attorneys’ fees, expert witness fees, and any other costs deemed reasonable Judith A. Gust (P) Sally G. Williams (P); Jo-Ann C. Little (NP) Mixed
10-02024 4/27/2010 7/16/2011 Claims denied Muri Trust; Mary K. Byrnes; Jakob Muller Morgan Stanley Smith Barney; Robert John Gaines; James Joseph Fontanilla; Andrew James Siegel Phoenix, Arizona Ronald E. Miller Wendy R. Robinson, Esq.; James Fontanilla Esq. Unsuitability; breach of fiduciary duty; failure to supervise Various securities, including, USB Bank, Comcast, Citizen’s
Bank, Countrywide, Viacom, Eaton Vance EXG, National City Bank, ING Group Bank, and the Van Kampen Dynamic Credit Opportunities Fund
$314,409.00 n/a Disgorgement; lost opportunity damages; interest; costs of suit including consulting fees; other costs George W. Harding (P) Robert S. Baran (P); Ralph H. Martin, III (NP) Mixed
09-07101 12/18/2009 7/15/2011 Claims denied The Brown Revocable Living Trust; Pamela Joy Brown Wells Fargo Investment, LLC; Patrick Darin Vance Los Angeles, California Daniel W. Dunbar, Esq. G. Thomas Flemming, III, Esq. breach of fiduciary duty; constructive fraud; fraud by misrepresentation and omission; failure to supervise and control Dividend Capital; DCT Industrial Operating Partnership, LP $300,000.00 (compensatory) n/a Lost opportunity in an amount according to proof; recission; cost of proceedings; punitive damages in an amount according to proof; interest at the legal rate of all sums recovered; attorneys’ fees and costs; consequential damages; realized and unrealized tax damages; Elliott Zachary Seff (P) Janice A. Salter (P); Sharon Bruno (NP) Mixed
10-03839 8/27/2010 7/15/2011 Claims denied Arthur S. Manaselian RBC Capital Markets Corporation Boston, Massachusetts Mitchell Markowitz, SMRC, Inc. Joseph Keenan, Esq Unsuitability; fraud; negligent misrepresentation; breach of fiduciary duty; breach of the covenants of good faith and fair dealing; negligent supervision; breach of conduct; violation of Section 20 of the 1934 Act; respondeat superior Unspecified securities $800,000.00 (compensatory) n/a Filing fees; expert witness fees; transcripts; analysis Leon E. Byng, II (P) Kevin J. Mulrey (P); Allen W.Fullerton (NP) Mixed
10-04344 9/23/2010 7/15/2011 Claims dismissed; claims settled Legends Bank Morgan Keegan & Company Inc. Nashville, Tennessee John M. Edgar, Esq. Thomas K. Potter, III, Esq. Violation of Section 12(a)(2) of the Securities Act; violation of T.C.A. § 48-2-121; violation of the Tennessee Consumer Protection Act, Tenn. Code § 47-18-101 et seq.; fraud/negligent misrepresentation; breach of fiduciary duty; violation of Section 12(a)(1) of the Securities Act; negligence Collateralized debt obligations (“CDO’s”), including but not limited to, Trapeza CDO XI Notes and Trapeza CDO XIII Notes $2,000,000.00 (compensatory); $5,000,000.00 (punitive) n/a Rescission; treble damage; interest; attorney’s fees; costs; other relief Beverly Gordo (P) Monica I. Salis (P); Domitilia M. dos Santos (NP) Mixed
09-02178 4/15/2009 7/14/2011 Claims dismissed Patrick Zilkha Merril Lynch, Pierce, Fenner & Smith Inc.; Steven LaBanca; Ted Candella New York, New York Paul A. Lanni, Esq. Dominick F. Evangelista, Esq. breach of contract; fraud; misrepresentation; negligence; and breach of fiduciary duty Unspecified Securities $175,000.00 (compensatory) n/a $50,000.00 (punitive) Raymond Nardo (P) George E. Berkeley (P); Richard S. Peskin (NP) Mixed
09-06246 10/28/2009 7/14/2011 Claims settled Ben Pivnick, individually and as trustee of The Ben Pivnick Revocable Living Trust Wachovia Securities, LLC; UBS Financial Services, Inc.; The GMS Group, LLC; Hennion & Walsh, Inc; Robert W. Baird & Co. Inc. Boca Raton, Florida Michael P. Amad, Esq. Tracy L. Gerber, Esq.; Keith Olin, Esq.; Don R. Boswell, Esq.; Coren H. Stern, Esq.; Gregory G. Wille, Esq. negligence; misrepresentation/omission of material facts; violation of Florida Statute 825.103 – Exploration of an Elderly Person; failure to supervise; breach of contract; unsuitability claims against Respondents Wachovia and UBS relate to various investments; claims against Respondents GMS relate to investments in Lehman Brothers Holdings Inc. Medium Term Notes and Merrill Lynch & Co. corporate bonds; claims against Respondent Hennion & Walsh relate toNuveen Core Equity Alpha Fun and Smart Trust Unit Diversified Div Trust; claims against Respondent Baird relate to investment Nicolas Applegate Equity & Conv and Evergreen Global Div Opp. closed end mutual funds $1,075,000.00 (compensatory) of Respondent UBS and Wachovia; $102,000.00 (actual) of Respondent GMS; $124,000.00 (compensatory) of Respondent Hennion & Walsh; $174,650.00 (compensatory) of Respondent Baird n/a Treble damages equal to three times the actual damages; interest; costs; attorneys’ fees pursuant to Florida § 772.11 James W. Geiger (P) Sidney Turner (P); Eugene D. Mirabello (NP) Mixed
10-03480 7/27/2010 7/14/2011 Claims denied; claims dismissed Nick Shahrestany; Milan Investments, LP Morgan Stanley Smith Barney; Brian Jason Murphy Los Angeles, California Kevin Gerry, Esq. Jonathan D. Robblns, Esq. Negligence Option sale transaction on the Chicago Board Options Exchange $250,000.00 n/a Attorneys’ fees ($35,000.00); arbitration costs; cancellation of the transaction Kirtley M. Thiesmeyer (P) Robert A. Lombardi(P); David Nielsen (NP) Mixed
09-06732 11/24/2009 7/13/2011 In favor of Claimant against Hardy; Claims denied against Westpark Michael Greenfield Ronald Edward Hardy; Westpark Capital, Inc. New York, New York Paul Radvany, Esq. Paul S. Caron, Esq. Churning; suitability; unauthorized trading; failure to supervise Unspecified Securities $18,932.10 (compensatory); $56,796.30 (punitive) $18,876.94 (compensatory); $56,630.82 (punitive); pre- and post-judgment interest (9% per annum) pre- and post-judgment interest; attorneys’ fees; costs; $12,467.00 (other costs) Abigail J. Pressen (P) n/a Public
10-03354 7/20/2010 7/13/2011 Claims denied Ned L. Feldenkreis Ameriprise Financial Services Inc. Philadelphia, Pennsylvania Debra G. Speyer, Esq. Edward A. Walton, Esq. Negligence; unsuitability; overconcentration; churning; misrepresentations and omissions; failure to supervise; breach of contract; violation of the Pennsylvania Unfair Trade Practices and Consumer Protection Law 73 PA. C.S., 201 et seq.; breach of fiduciary duty Unspecified Real Estate Investment Trusts and an unspecified annuity $136,307.72 (compensatory) n/a Interest; hearing costs; attorneys’ fees; forum fees; filing fees Doris J. Dabrowski (P) Benjamin F. Richards, Jr.(P); John M. Derderian, Jr. (NP) Mixed
09-03297 6/2/2009 7/12/2011 In favor of Claimant Gerald D. Hosier, individually and as trustee of the Gerald D. Hoiser U/A/D 10/04/99; Brush Creek Capital LLC; Jerry Murdock, Jr. Citigroup Global Markets Inc. Denver, Colorado Philip M. Aidikoff, Esq.; Robert A. Uhl, Esq.; Ryan K. Bakhtiari, Esq. H. Nicholas Berberian, Esq.; Patrick G. King, Esq.; Tina L. Winer, Esq. Breach of fiduciary duty; breach of written contract; constructive fraud; violation of FINRA rules; unsuitability; failure to supervise; respondeat superior Municipal bond hedge funds, including, MAT Finance, MAT Two, MAT Three, MAT Five, ASTA Finance, ASTA Three, ASTA Five $48,190,417.00 $21,683,679.00 (Compensatory); $8,472,212.00 (Compensatory); $3,903,057.00 (Compensatory); $17,000,000.00 (Punitive); $3,000,000.00 (Attorneys’ fees); $33,500.00 (Expert Witness fee); $13,168.29 (Court Reporter Costs); $600.00 (Filing fee) Lost opportunity costs; fees, commissions, or other renumeration paid to Respondent by Claimants; cost of proceedings; punitive damages; interest; attorney’s fees and cost; rescission; other relief Malcolm T. Cleland (P) Marc H. SchtuI (P); Patricia Mary Vondra (NP) Mixed
09-05645 9/30/2009 7/12/2011 Claims denied Bobby Karim Panahi UBS Financial Services, Inc.; Trevis Clint Rucci Los Angeles, California Peter M. Kunstler, Esq. Kathleen S. Adams, Esq. Failure to disclose investment or explain risks Auction rate securities $47,000.00 (actual) n/a $8,000.00 (Interest); $63,000.00 (excess judgment); excess legal fees; costs; $975.00 (initial claim filing fee) Robert W. Vernon (P); Thomas E. Shuck (P); David Nielsen (NP) Mixed
09-06862 12/8/2009 7/12/2011 Claims settled Karen Wyman Wells Fargo Advisors, LLC New York, New York Jacob H. Zamansky, Esq. Nuviah Shirazi, Esq. common law fraud; fraudulent misrepresentation and omissions; unsuitability breach of fiduciary duty; breach of contract; negligence; failure to supervise under Federal Securities laws; New Jersey common law; violation of FINRA Rules Unspecified high yield stocks and high yield funds $400,000.00 (compensatory) n/a Interest; costs; attorneys’ fees; expert fees; punitive damages Edward W. Morris, Jr. (P) Richard C. Antonelli (P); Walter C. Parrish, III (NP) Mixed
10-00548 2/2/2010 7/12/2011 Claims denied Joan Martin Wells Fargo Advisors, LLC as successor to Wachovia
Securities, LLC
New York, New York Brian Kennedy, Esq. Joseph A. Vallo, Esq. Breach of contract; negligence; unsuitability; breach of fiduciary duty; respondeat superior; violation of various SRO rules; negligent supervision Unspecified stocks, equity mutual funds, unit investment trusts, bond funds including the Eaton Vance Dividend Builder, JP Morgan Intrepid Value, Col. Marisco 21st Century, Claymore CE Equity Inc. Series 9, Claymore CE Equity Inc. Series 12, and the Oppenheimer Rochester Limited Term New York Municipal bond fund $81,357.00 (Compensatory) n/a Interest; attorneys’ fees; costs; other relief John J. Vessey (P) Robert J. Kheal (P); Domitilia M. dos Santos (NP) Mixed
10-01380 3/22/2010 7/12/2011 Claims denied Eleanor Levins Neuberger Berman LLC Boca Raton, Florida Jason S. Haselkorn, Esq.; Matthew N. Thibaut, Esq. Victor A. Machcinski, Jr., Esq. Negligent improper fraudulent conduct; unsuitability; failure to know its customers; breach of contract; breach of fiduciary duty; negligence; negligent supervision; violation of applicable laws and industry rules Unspecified municipal bonds and Master Limited Partnerships $2,000,000.00 (Compensatory) n/a Interest; costs; benefit of the bargain damages; lost opportunity costs; model portfolio damages; prejudgment interest; additional damages; disgorgement of commissions and fees received Gloria J. North (P) Thomas Czinner (P); Richard Andrew Cahlin, CPA (NP) Mixed
10-01584 3/31/2010 7/12/2011 Claims settled Harold Weinberg; Lenore Weinberg Janney Montgomery Scott, Inc.; Bernard Snyder Philadelphia, Pennsylvania Marc A. Weinberg, Esq. Paula D.
Shaffner, Esq.; Antonia M. Pfeffer, Esq.
Negligence; monetary loss; economic hardship; violation of the Pennsylvania Unfair Trade Practice; breach of contract; breach of fiduciary duty; unsuitability; negligent misrepresentation; violation of state and federal securities laws and NASDAQ and NYSE rules Fannie Mae preferred bonds; Fannie Mae preferred stock $500,000.00 (compensatory); $250,000.00 (punitive) n/a Interest; attorneys’ fees; costs Demetrio S. Timban, Jr.(P) John J. Jordan(P); Jack H. McNairy (NP) Mixed
09-03980 7/2/2009 7/11/2011 Claims settled Alan M. Kovner; Joshua A. Kovner Trustee FBO Alan Kovner Irrevocable Trust U/A/D 11/28/06; Alan M. Kovner CGM IRA Custodian; Alan M. Kovner ACF Joshua A. Kovner U/NY/UTMA; Alan M. Kovner, Scholars Choice FBO Joshua A. Kovner Smith Barney, Inc.; Citigroup Global Markets, Inc.; Richard P. Altieri; William Samuel Calabretta; Steven C. Sapirstein; Virginia Mae Wasser New York, New York Vincent W. Ansanelli, Esq. Raul Sanchez, Esq. Unsuitable securities; violations of Section 10(b) of the Securities Act of 1934 an Rule 10 b-5 thereunder; common law fraud; beach of contract; breach of fiduciary duty; violation of New York General Business Law Section 349; failure to supervise; control person liability; respondeat superior; unauthorized trading unspecified highly leveraged closed end funds $300,000.00 (compensatory) n/a Interest accrued; the amount of which is to be determined at the hearing, costs, epenses, and disbursements; attorneys; fees; punitive damages Keely D. Parr (P) Barry Feiden (P); Jerome H. Levy (NP) Mixed
10-00555 2/2/2010 7/11/2011 In favor of Claimant Melvin Dias; Evelyn Dias Pershing LLC Reno, Nevada Scott R. Shewan, Esq. Nathan R. Jaskowiak, Esq.; Gordon C. Young, Esq. Breach of contract; negligence Unspecified securities $481,000.00 $120,250.00 (Compensatory); Interest at 9% per annum from February 2, 2010 until the date parment of the award is made in full Interest; costs of proceeding Paul H. Lamboley (P) Cheryl R. Kershner (P); David M. Seidner (NP) Mixed
10-05433 11/29/2010 7/11/2011 Claims denied Adriana E. Suazo; Adrian P. Suazo Scottrade, Inc.; TD Ameritrade, Inc. n/a Niels P. Murphy, Esq. Hollie M. Mason, Esq. Damages as a result of the online trading systems Unspecified securities $10,600.00; $8,000.00 n/a Harold S. Stern (P) Public
09-00562 1/30/2009 7/9/2011 Claims dismissed Stan Schuldiner, Jr. Vanguard Marketing Corportation San Francisco, California pro se James J. Dougherty, Esq. Claimaint did not have sufficient mental capacity to purchase securities; the unspecified stocks he purchased were too risky Unspecified Securities n/a n/a Unspecified compensatory; Forum fees; attorneys’ fees; witness and production fees; other case-related costs James S. Martin (P); Harry B. Endsley (P); Walter F Dillway (NP) Mixed
09-01362 3/9/2009 7/8/2011 Claims dismissed Stuart Bedrin; Stuart Bedrin Revocable Trust TTEE Stuart Bedrin; Margaret Davon; Margaret F. Davon Revocable Trust TTEE Margaret Davon; Dorothea Jacoby Revocable Trust TTEE Margaret Davon Citigroup Global Markets, Inc. Boca Raton, Florida Michael P. Amad, Esq. Tracy L. Gerber, Esq.; Joseph C. Coates, III, Esq. negligence; misrepresentation/omission of material facts; violation of Florida Statute 825.103 – Exploration of an Elderly Person; failure to supervise; breach of contract/unsuitability preferred stocks including but not limited to: CORTS, Entergy LA, Morgan Stanley, Royal Bank of Scotland, HSBC, Georgia Power, General Power, General Motors, General Electric, and Gabell $1,061,000.00 (compensatory); $3,183,000.00 (punitive) n/a Interest; Costs; attorneys’ fees; Ellen J. Abrams (P); Sidney J. Wartel (P); Donald R. McGahan (NP) Mixed
09-03016 5/21/2009 7/8/2011 Claims settled Vickie Tedesco Parrish, individually and as Trustee of the EB; Vickie Tedesco Family Trust Jon Leif Erickson; Patricia Michelle Fontan-Sorlie; Wells Fargo Investments, LLC Las Vegas, Nevada David Liebrader, Esq. G. Thomas Flemming, III, Esq.; Craig Bockman, Esq. breach of fiduciary duty; misreprentations and omissions; negligence; vioaltion of N.R.S. §§ 90.570 and 90.660 Unspecified Securities $245,000.00 (Compensatory) n/a Punitive and exemplary damages; Pre-award and post-award interest; cost of arbitration and expenses including reasonable attorneys’ fees, expert witness fees, and any other costs deemed reasonable Laurel Littman Gothelf (P) Dee Newell, J.D. (P); Dean C. Abraham (NP) Mixed
09-06493 11/16/2009 7/8/2011 Claims settled Richard A. Orkin, Individually, and as Trustee of the DOCSI Corp. Profit Sharing Plan dtd 09/01/91; Sanford L. Orkin as President of DOSCI, LLC f/k/a DOCSI Corp., and on behalf of the DOCSI Corp. Profit Sharing Plan Citigroup Global Markets, Inc. Los Angeles, California Robert A. Uhl, Esq. Michele R. Fron, Esq. breach of fiduciary duty; breach of written contract; fraud by misrepresentation and omission; elder abuse; failure to supervise and control; violation of state and federal securities laws, FINRA Rules of Fair Practice and NYSE Rules Fannie Mae 8.25% Non-Cumulative Preferred Series T; Citigroup 8.5% Preferred Non-Cumulative; Bank of America 8.2% Series H Non-Cumulative Preferred; Fifth Third Capital Trust VIII 8.875; Citigroup Cap XVII 6.35% Preferred $490,972.65 (compensatory) n/a Recission; lost opportunity costs; attorneys’ fees and costs; pre- and post-judgment interest at the legal rate; punitive damages in an amount according to proof Daniel David Kopman (P) Steven M. Gourley (P); Gerald C. Tambe (NP) Mixed
09-06578 11/16/2009 7/8/2011 Claims denied Leo David; Ruth David; R&D Development IDB Capital Corp.; Gal Ben-Naim; Israel Discount Bank Los Angeles, California David Boros, Esq. Geoffrey S. Beckham, Esq. breach of fiduciary duty; constructive fraud; fraud and deceit; over-concentration; unsuitability; violation of §10b-5 of the Securities Exchange Act of 1934 and Rule 10(b)-5; violation of California Corporations Code §25401; financial elder abuse – Welfare & Institutions Code §15610.30; financial elder abuse – Welfare & Institutions Code §15657.6 Auction rate securities $2,275,000.00 (compensatory) n/a Prejudgment interest; unspecified punitive damages; exemplary damages; recission and restitution on investment monies Sandra L. Malek (P); Richard M. Norman (P); Jeffrey E. Skogsbergh (NP) Mixed
10-04348 9/23/2010 7/8/2011 Claims settled Joseph Hunt Bowman; Timothy W. Bowman Deutsche Bank Alex.Brown n/a Alan S. Wachs, Esq.; Craig D. Feiser, Esq Theodore R. Snyder, Esq. Failure to execute and recognize a Transfer on Death Account Agreement Unspecified securities $134,154.32 $300.00 (costs) Attorneys’ fees; costs; interest; other costs Mitchel Weiss (P) Public
10-01485 3/26/2010 7/7/2011 Claims denied The Estate of Seymour Niesen by and through its Co-Executors Miriam Niesen and
Andrew Niesen
Hennion & Walsh, Inc. New York, New York Adam M. Green, Esq. Richard C. Szuch, Esq. Common law fraud; violations of the securities laws and regulations of the state of New York and New Jersey; negligent misrepresentations; omissions; unsuitability; breach of contract; breach of fiduciary duty; negligence Lehman Brothers Holdings, Inc.’s variable rate medium term notes; Bear Sterns Company, Inc.’s variable rate medium term notes $50,000.00 n/a Attorneys’ fees; interests; costs Robert Pincus (P) Public
09-04025 6/26/2009 7/6/2011 Claims settled Marilyn Berger; Barry Berger Morgan Stanley Dean Witter, Inc. Boca Raton, Florida Steven D. Toskes, Esq. Brian C. Hale, Esq. Breach of the fiduciary and contractual duties; common law fraud; negligence and gross negligence; violation of federal securities laws Siruis Satelite Radio Inc. n/a $450,000.00 (compensatory) Attorneys’ fees; costs punitive damages Herbert Branitsky (P) James M. Chase (P); Laura Jeanette Cognetti (NP) Mixed
09-05115 8/31/2009 7/6/2011 Claims denied Mohan Selvardj Thinkorswim, Inc. Chicago, Illinois Christopher J. Murdoch, Esq. Howard J. Kaplan, Esq. Breach of contract; negligence; misrepresentation an non-disclosure; omission of facts AIG stock $2,109,600.00 (compensatory) n/a Unspecified punitive damages; interest; attorneys’ fees; other costs; other monetary relief Ralph M. Goren (P); Cynthia R. Lyons (P); Ann Wilhelmina Kuppe (NP) Mixed
09-07185 12/21/2009 7/6/2011 Claims denied Paul Oshideri Fidelity Brokerage Services LLC; National Financial Services LLC; Frank Sanchez; Lawrence Goodkind Los Angeles, California pro se Cameron S. Matheson, Esq. breach of fiduciary duty; misrepresentation by non-disclosure; brokers’ failure to supervise unregistered sales assistant; unauthorized trading; negligence; unsuitability; breach of contract; assault; fraud through intentional misrepresentation; fraud through concealment; fraud through false promise; intentional infliction of emotional distress; negligent infliction of emotional distress Bankrate (“RATE”) stock n/a n/a Compensatory damages (unspecified); incidental damages; consequential damages; attorneys’ fees; costs; interest; other and further relief; general damages; special damages; punitive damages (unspecified); Ralph B. Perry, III (P); James H. Frank (P); Phillip W. Burge (NP) Mixed
10-02268 5/10/2010 7/6/2011 Claims dismissed; claims settled Margarita Bueno Global Strategic Investments; Steriing Financial Group of Companies, Inc.;
vFinance Investments, Inc.; Luis Fernando Mahecha; Francesco Tirelli; Gustavo Chacin; Roger Esteban Castillero
Miami, Florida pro se James K. Barbee, Esq.; V. Michael Arias, Esq. Unauthorized trading; misappropriation; churning unauthorized risky trades including, but not limited to, Mosaic viatical insurance products and holdings in Calpine Company $435,972.47 (Compensatory) n/a Interest; attorneys’ fees and costs Joseph L. Bernstein (P) Jezabel Llorente (P); Adrien Sapiro (NP) Mixed
10-04642 10/15/2010 7/6/2011 In favor of Claimant Frank C. Taylor UBS Financial Services Inc. Memphis, Tennessee F. Chet Taylor, Esq Alise Johnson Henry, Esq. Violation of the Tennessee Securities Act, Tenn. Code §48-2-121; violation of the Tennessee Consumer Protection Act, Tenn. Code §47-18-101 et seq.; common law intentional and/or negligent misrepresentation; common law breach of fiduciary duty; common law negligence Tax implications incurred by liquidating two TransAmerica
annuities
$300,000.00 (compensatory); $600,000.00 (punitive) $245,130.00 (compensatory); $80,892.90 (attorneys’ fees); $31,079.92 Interest; attorneys’ fees; costs Eric Spencer Buchanan (P) Mark A. Myers (P); Patricia Best Vital (P) Public
11-00599 2/10/2011 7/6/2011 Claims denied Jack Chesler The GMS Group, LLC n/a pro se Thomas M. Regenye Discrepancy between the purchase price of the bond and the market value shortly thereafter California St Water Res municipal bonds $2,429.50; $70.50 (punitive) $37.50 (costs) interest ($500.00); costs ($575.00) G. Gale Roberson, Jr. (P) Public
10-01484 3/30/2010 7/5/2011 Claims settled; claims denied; claims dismissed O. Robert Marino; Linda Marino Merrill Lynch, Pierce, Fenner & Smith Inc.; Banc of America Securities LLC; Klaus Miller; The Hoey Group Philadelphia, Pennsylvania Henry I. Pass, Esq. Joshua D. Jones, Esq. Suitability; failure to supervise; violations of the Pennsylvania Securities Act; violations of the Securities Exchange Act of 1934 15 U.S.C. §78j, professional negligence, breach of fiduciary duty, breach of confidential relationship; breach of contract; breach of duty of good faith and fair
dealing; unjust enrichment; violation of the Pennsylvania Unfair Trade Practices and Consumer Protection Law 73 Pa. C.S. § 1-201 et seq., violations of the Securities Act of 1933, 15 U.S.C. §771(2); fraudulent misrepresentation; violation of Section 552(1) of the Restatement of Torts; conspiracy
Federal National Home Mortgage Association preferred stock; Federal Home Loan Mortgage Corporation preferred stock $135,922.77 (Compensatory) n/a Punitive damages; attorneys’ fees; costs; interest; delay damage; rescission; other relief Rafael A. Porrata-Doria (P) John J. Jordan (P); Howard B. Scherer (NP) Mixed
10-01995 4/29/2010 7/5/2011 Claims denied Eugene N. Barron Scott & Stringfellow, Inc. a/k/a Scott & Stringfellow, LLC New York, New York Christopher J. Gray, Esq. Christina M. Hill, Esq.; Edward McGonigle, Esq. Mismanagement of the account in violation of applicable standards including FINRA Rule 3210 and New York Stock Exchange Rule 405; breach of fiduciary duty; professional negligence; breach of contract under common law, common law fraud; violation of the New Jersey Uniform Securities Law; failure to supervise unspecified
bonds
n/a Compensatory damages; including disgorgement of all unjust enrichment, a sum equal to his lost profits and income; punitive damages; pre judgment interest; fees and costs; attorneys’ fees; such other and further relief as the Panel may deem just and proper Ann Pinciss Berman (P) Irene Warshauer (P); Henry Maringer (NP) Mixed
11-00646 12/28/2010 7/5/2011 Claims denied Henry Kankowski; Patrice Kankowski Morgan Stanley & Co. Incorporated; Jonathon Mark Webster San Diego, California Matthew R. Miller, Esq. Debra V. Achkire, Esq. Breach of fiduciary duty; negligence, suitability, and failure to supervise; breach of contract; unfair business practices various variable annuities including, but not limited to Newgate LLP, Brandos Global Equity, NWQ Investment Management, Forward Uniplan Advisors, and Fed. Investment Counseling $1,200,000.00 (damages and restitution of losses) n/a Interest (10%); recovery of all commissions and fees; other relief Guenter S. Cohn (P) Kevin K. Forrester (P); Nils Stephen Sandberg (NP) Mixed
11-00647 12/28/2010 7/5/2011 Claims denied James Eischen; Nada Eischen Morgan Stanley & Co. Incorporated; Jonathon Mark Webster San Diego, California Matthew R. Miller, Esq. Debra V. Achkire, Esq. Breach of fiduciary duty; negligence, suitability, and failure to supervise; breach of contract; unfair business practices Various variable annuities including, but not limited to Newgate LLP, Brandos Global Equity, NWQ Investment Management, Forward Uniplan Advisors, and Fed. Investment Counseling $700,000.00 (damages and restitution of losses) n/a Interest (10%); recovery of all commissions and fees; other relief Guenter S. Cohn (P) Kevin K. Forrester (P); Nils Stephen Sandberg (NP) Mixed
07-02226 3/7/2006 7/2/2011 In favor of claimant Dirk E. Zeiters; Lois J. Zeiters; Rudy Kraft; Margaret A. Kraft; Jackie Barker Bear, Stearns & Co., Inc.; Bear Stearns Securities Corp. Tampa, Florida William C. Owen, Esq. Arthur D. Felsenfeld, Esq.; Anju Uchlma, Esq. Breach of
Contract; Negligent Misrepresentation; Breach of Fiduciary Duty;
purchase of CMOs $161,733.00 (compensatory); $104,503.00 (compensatory) $1,313,750.00 (compensatory); $677,536.00 (compensatory); $309,736.00 (compensatory); $784,301.00 (compensatory); $659,808.00 (compensatory); $271,347.00 (compensatory); $87,706.25 (costs); $13,837.00 (costs) Interest; costs; attorneys’ fees Langfred White (P) Robert Matthews (NP); John Torraco (P); Mixed
09-06757 11/30/2009 7/1/2011 Claims settled Stephen Miller; Dawn Miller Merrill Lynch, Pierce, Fenner & Smith, Inc. Miami, Florida Jeffrey Erez, Esq. Keith Olin, Esq. breach of fiduciary duty; negligence; negligent supervision; fraud; breach of contract Friedberg Milstein Private Capital Fund Between $500,000.00 and $1,000,000.00 (compensatory) n/a Punitive damages; interest; costs Jeffrey Roth (P) Theodore Herold (P); Joel Margolies (NP) Mixed
10-01546 3/31/2010 7/1/2011 Claims denied Susan Inbar-Grecco, individually, and as trustee of the Susan Inbar-Grecco Trust (formerly known as the Susan Inbar-Smith Trust) dated 9/13/1989 Merrill Lynch, Pierce, Fenner & Smith Inc.; Jose M. Lamas Los Angeles, California Jared R.B. Hutton, Esq. Kenneth C. Mennemeier, Esq. Suitability; breach of fiduciary duty; misrepresentation; failure to supervise; negligence; gross negligence; recklessness; violation of securities laws Unspecified mutual funds, including Blackrock Senior High income Fund;
Eaton Vance Credit Opportunity; Eaton Vance Tax Managed; Eaton Vance High income; Evergreen Inc. Advantage; Franklin Templeton Limited; Nuveen Equity
Premier Opportunity
$453,043.00 (Compensatory); $1,500,000.00 (punitive) n/a Interest (10%); attorneys’ fees; costs of the proceeding; other relief Michael R. Mitchell (P) Joyce L Hurley (P); Marvin B. Karelitz (NP) Mixed
10-02276 5/13/2010 7/1/2011 In favor of Claimant Robert W. Ralston; Susan B. Ralston Syndicated Capital, Inc.; Paul H. Heckler d/b/a Yosemite Capital Management Los Angeles, California Martin B. Greenbaum, Esq.; Ronald E. Miller Thomas Rittenburg, Esq.; Sylvia M. Scott Esq. Syndicated’s liability for Heckler’s alleged “selling away”; suitability claims based on rules, common law, contract, and equity; breach of fiduciary duty – tort and contract claims; fraud, deceit, concealment, misrepresentation and omission of material fact; Syndicated’s failure to supervise Investments in the private placement of a promissory note from a company called Saveonline.com Financial, Inc. $200,000.00 $200,000.00 (Compensatory) Disgorgement; rescission interest (10% per annum); attorneys’ fees; expert and consulting fees; costs; punitive damages; other relief Robert F. Saint-Aubin (P) Joseph Aloysius Newcomb (P); George H. Casey (NP) Mixed
10-02366 5/13/2010 7/1/2011 In favor of Claimant Keith Houser, Individually
and on behalf of Biotech Medics, Inc.
Nevwest Securities Corporation Dallas, Texas Keith G. Smith. Esq. Breach of contract and warranties; promissory estoppel; violation of state securities statutes; violation of § 27.01 of the Texas Business and Commerce Code; violation of consumer protection statutes; vicarious liability Failure to adhere to an Award, Waiver and Consent, which Nevwest agreed upon after FINRA investigation for failure to file suspicious activity reports (“SARs”) on the trading of certain stocks, which included Biotech Medics, Inc. $3,577,682.00 (Compensatory) $1,788,841.00 (compensatory damages); $3,125.00 (costs and expenses); $600.00 (filing fees) Attorneys’ fees ($2,993,000.00); exemplary; interest; other costs; other monetary relief; other non-monetary relief Joann Peters (P) n/a Public
10-05508 12/8/2010 7/1/2011 In favor of Claimant Maria Gritsch Royal Alliance Associates, Inc. Phoenix, Arizona Jennifer J. Axel, Esq.; Marty Harper, Esq. Jesse B. Simpson, Esq. Negligent supervision under Arizona securities law; fraud under Arizona securities law; fraud under federal securities law; fraud; negligent supervision; breach of contract; breach of fiduciary duty, breach of trust and breach of agency; negligence Ponzi scheme operated by a registered representative $308,000.00 to $320,000.00 (consequential damages) $284,656.00 (Compensatory); $35,582.00 (Interest) Punitive damages; market opportunity losses; disgorgement of commissions and management fees; interest; attorneys’ fees; other relief Emest F. Modzelewski (P) Jerry H. Friedland (P); Marvin J. Klein (NP) Mixed
08-01185 4/18/2008 6/30/2011 Claims denied Laurence Stone Bear Stearns & Co., Inc.; Bear Stearns Securities Corp.; Bear Stearns Asset Management, Inc.; Colin P. Gordon Philadelphia, Pensylvania John G. Rich, Esq. Gene L. Small, Esq. Fraud, misrepresentation and material omission, breach of fiduciary duty, breach of contract, unsuitability, aiding and abetting, gross negligence, negligent misrepresentation, failure to supervise, control person liability, and respondeat superior Bear Stearns Asset Backed Securities Partners, L.P. hedge fund $5,776,968.00 (compensatory) n/a $1,537,141.00 (interest); attorneys’ fees; costs; expenses; expert fees; forum fees; punitive damages; Gordon Wase (P); Jerrilyn Marston (P); Dale Pope (NP) Mixed
09-03094 5/28/2009 6/30/2011 In favor of Claimant Rosen Capital Partners LP; Rosen Capital Institutional LP Merrill Lynch Professional Clearing Corp. Los Angeles, California Harold A. Barza, Esq.; David Elsbeg, Esq.; Johanna Y. Ong, Esq.; Matthew Dwyer, Esq.; Aaron S. Kaufman, Esq. Peter K. Vigeland, Esq.; Abigail J. Penzell, Esq.; Matthew D. Benedetto, Esq. breach of contract; breach of the covenant of good faith and fair dealing; breach of the duty of good faith and reasonable commercial standards of fair dealing – Articles 8 and 9 of the New York U.C.C.; fraud; negligence Unexpected margin calls $77,717,916.00 (actual) $63,665,202.00 (compensatory); interest (9% per annum); Unspecified Punitive damages; fees; costs; attorneys’ fees; expenses Arthur T. Berggren (P); Holly Banafsheh (P); Katharine Reed Coleman (NP) Mixed
10-01051 3/3/2010 6/30/2011 In favor of Claimant; claims denied James D. Adkins; Stephanie L. Adkins Wachovia Securities, LLC n/k/a Wells Fargo Advisors, LLC; Ernest Watson; Jeff Tucker Orlando, Florida Stephen D. Spivey, Esq. Tracy L. Gerber, Esq.; Jennifer Tomsen, Esq.; Christopher Johnson, Esq., Violations of the Florida Securities and Investor Protection Act; violations of the Securities Act of 1934; violations of the Securities Exchange Act of 1933; violations of FINRA rules; state and federal common law fraud; misrepresentation; unsuitability; negligent supervision Unspecified securities including, but not limited to, the following: Highland Capital Floating Rate Advantage Fund; ING Global Equity Dividend Fund; Alpine Total Dynamic Dividend Fund; Eaton Vance Tax Managed Global Diversified Equity Fund; Black Rock International Growth and Income Trust; Oppenheimer Rochester National Municipal Bond Fund; American Funds Capital Income Builder; Calamos Strategic Total Return Fund; Calamos Global Dynamic Fund; Nicholas Applegate International Premium Strategy Fund $375,000.00 (recessionary) $217,628.40 (compensatory); $300.00 (filing fee) Interest, costs, attorneys’ fees; other relief Robert Finder (P) A.J. Seier (P); Warren A. Forest (NP) Mixed
10-01482 4/30/2010 6/30/2011 Claims dismissed Denice S. Niethammer Edward Jones; Robert Andrew Roth Charlotte, North Carolina pro se Dennis J. Capriglione Unauthorized trading; failure to follow instructions; failure to educate Claimant about the long term benefit of purchasing Class “C” shares vs. load shares; failure to disclose charges for investing in the stock market; failure to disclose losses before selling securities COP, HPQ, DE and MS stock $45,000.00 (Compensatory) n/a unauthorized commission ($707.71); interest ($6,000.00); Filing Fee ($600.00); return of stocks Leonard E. Benade, Ph.D. (P) n/a Public
09-07248 12/29/2009 6/29/2011 Claims dismissed Michael L. Blau IRA; Thomas J. Bucknum IRA; Hans L. Cartensen III IRA; Nader Sareshori IRA; Clifford P. Driver Jr.; Peter P. Jenkins; Betsy S. Pollack, as Trustee of the Betsy S. Pollack Trust; Elaine M. Royce; Darren R. Scandone, as Trustee of the Darren R. Scandone Trust Jefferies & Company, Inc.; Michael Munson Boston, Massachusetts Marjorie S. Cooke, Esq. John R. Snyder, Esq.; Timothy Burke, Esq. failure to exercise due diligence; disregard of the unsuitability of the investment; negligent and/or reckless misrepresentations and omissions of material fact; negligence; breach of fiduciary duty; breach of contract; reckless misrepresentation; negligent misrepresentation; violations of Mass. G.L c. 110A (the Massachusetts Securities Act), §410(a), and Mass. G.L. c. 93A (the Massachusetts Consumer Protection Act) §9. Rye Select Broad Market Prime Fund LLC $7,568,000.00 (compensatory) n/a Lost investment opportunities; interest; attorneys’ fees; costs Gene M. Bauer (P) Nancy E. Watters (P); David J. Kaufman (NP) Mixed
10-00492 2/1/2010 6/29/2011 Claims denied; claims dismissed Carole Abramovitz Wells Fargo Advisors, LLC New York, New York Jake Zamansky, Esq. Lori Vinciguerra, Esq. Securities fraud; common law fraud and misrepresentation; unsuitability; breach of fiduciary duty; breach of contract; negligence; failure to supervise; violation of applicable federal securities laws and common law; unauthorized trading Kinetics Small Cap; Hillman Capital All Cap; Wentworth International Growth ADR managed funds $130,000.00 (Compensatory) n/a Pre and post-award interest; costs; expenses; attorneys’ fees; expert’s fees; forum fees; punitive damages Robert Youdelman (P) Ira L. Blankstein (P); John Caraccioio (P) Public
10-05699 12/21/2010 6/29/2011 Claims denied Dynamis, Inc. Fidelity Brokerage Services LLC n/a Thomas Terwilliger, Jr. Julie A. Kole, Esq.; Erin K. Fair, Esq. Improperly failed to stop payment of a check Check $1,725.00; $250 (punitive) $37.50 (costs) $86.00 (interest); $75.00 (costs) Arthur F. Brueggeman (P) Public
09-05719 9/29/2009 6/7/2011 Claims settled A. Richard Delfs Michael Tusan; Morgan Stanley & Co. Incorporated Phoenix, Arizona Stephen M. Weiss, Esq. Debra V. Achkire, Esq. breach of fiduciary duty; churning; unsuitability; failure to supervise Highland Rate HI Inc.; Davis Venture; Davis Opportunity Funds $1,114,244.00 (compensatory) n/a Punitive damage; discorgement of all commisions, fees, and other associated sales charges; pre and post award interest; attorneys’ fees and cost Merton E. Marks (P) Roger A. Geddes (P); James M. Rapisarda (NP) Mixed
10-03041 6/30/2010 5/23/2011 In favor of Claimant Ann C. Fox SWS Financial Services; TD Ameritrade, Inc.; Jerry Clark Orlando, Florida Philip J . Snyderburn, Esq. Gary Irwin, Esq. Fraudulent inducement; breach of fiduciary duty; negligence; churning; unauthorized trading; unsuitability; breach of contract; securities fraud violation of §517.301, Fla. Stat. Unspecified securities including, but not limited to, the following: Trina Solar Ltd.; Solarfun Power Holdings, Ltd.; Renesola Ltd.; Citigroup Inc.; Cemex SAB; Dry Ships Inc.; Hoku Scientific Inc.; JA Solar Holdings Co.; China Sunergy Co.; Frontline Ltd. $196,146.00 $196,146.00 Punitive; attorneys’ fees and costs; interest Charles W. Lavender (P) n/a Public
08-00252 1/25/2008 8/16/2011 Claims dismissed Mark T. Miller Wells Fargo Advisors, LLC f/k/a Wachovia Securities, LLC f/k/a First Union Securities, Inc.; Robert Lee White Cleveland, Ohio Andrew Mills Holford, Esq. Andrew R. Park, Esq. Breach of fiduciary duty; Breach of contract; Violations of FINRA rules; Violations of state and federal securities laws Debenture bonds $1,000,000.00 (compensatory); Punitiv damagese; Interest N/A Attorneys’ fees; Other costs Rebecca A. Bowman(P) Kathleen Maher Zouhary(P); Sandra Mauer Kelly(NP) Mixed
08-01087 4/11/2008 8/9/2011 Claims denied James and Odette Abdelnour; Gail Abdelnour; Deborah Carroway, individually, and as legal guardian for her minor children Michael Carroway and Robert James Carroway, and Michael Roslynb Abdelnour Merrill Lynch, Pierce, Fenner & Smith, Inc., as successor-in-interest of Advest, Inc.; Joseph Crespi Boston, Massachusetts Philip M. Giordano, Esq. Edwin A. Zipf, Esq. Violation of federal securities laws; Violations of state securities laws; Breach of contract; Breach of fiduciary duty; Fraud and deceit; Negligent misrepresentation; Gross negligence; Negligence; Breach of duty of reasonable care and fair practice; Failure to supervise; Control Person liability; Civil conspiracy Unspecified securities $243,039.00 (compensatory); Punitive damages; Interest N/A Attorneys’ fees; Other costs James R. Collins (P) Roger Carl Marichus (P); Peter Svorinic (NP) Mixed
08-04893 12/19/2008 8/1/2011 Claims dismissed Baker Hughes Incorporated; Baker Hughes Treasury Services GMBH BNY Mellon Capital Markets, LLC; Pershing, LLC Houston, Texas Richard L. LaGarde, Esq. Todd E. Gordlnier, Esq. Breach of fiduciary duty; Promissory estoppel; New York Common Law Fraud; Violation of Texas’ Blue Sky Laws; Violation of the Securities Exchange Act of 1934 and Rule 10b-5 Auction rate securities $20,600,000.00 (compensatory); $20,600,000.00 (punitive); Interest; N/A Attorneys’ fees; Other costs Lynne M. Gomez (P) Robert Dan Sherrill (P); John A. Dewald (NP) Mixed
09-00565 1/29/2009 8/25/2011 Claims dismissed Jozsef Tasko Robert R. Buonanno; Citigroup Global Markets, Inc. New York, New York Ira Scott Meyerowitz, Esq. William A. Hohauser, Esq. Unsuitable recommendations; Unauthorized trading; Failure to diversify; Forgery; Negligence WaMu stock $500,000.00 (compensatory); $1,500,000.00 (punitive); Costs N/A Attorneys’ fees Joan M. Traub (P) Jacob Scherer (P); Frank Irizarry (NP) Mixed
09-01331 3/11/2009 8/1/2011 Claims dismissed Cari Meisner, MD Citigroup Global Maricets, Inc.; David Boyd Endres Houston, Texas Eric L. Rhodes, Esq. Raul Sanchez, Esq. Breach of fiduciary duty; Unauthorized trading; Negligence; Churning; Misrepresentations Unspecified $182,745.00 (compensatory); $365,450.00 (punitive) $375.00 (filing fee) $45,000.00 (attorneys’ fees) Charles E. Munson, Jr., JD (P) Philip I. McConnell (P); James G. Cooper (NP) Mixed
09-01364 3/11/2009 8/25/2011 In favor of Claimant Debra A. Swann Morgan Stanley & Co., Inc. Baltimore, MD Pro Se Christopher Wilson, Legal and Compliance, Morgan Stanley Breach of fiduciary duty; Violation of Maryland’s Securifies Act, §11-703; Negligence; Negligent misrepresentation; Omission; Common law fraud; Breach of contract; Negligent supervision Dreman Value Management; Congress Asset Management, Co.; Steliing Capital Management; Kayne Anderson Investments; Neuberger Berman; iShares Lehman Aggregate Bond Fund; Hartford Cap Apprec A; iShares Russell 2000 Value; The Roosevelt Investment Group; Oppenheimer Gold & Spec Min A; iShares MSCI Emerging Markets $113,934.00 (compensatory); Punitive damages $30,000.00 (compensatory) Attorneys’ fees; Costs; Interests M. Michael Cramer (P) Evelyn D. Pisegna-Cook (P); Brenda J. Stovali (P) Public
09-02545 5/5/09; Amended 9/2/2010 8/12/2011 Claims dismissed Michel Ghanadian Credit Suisse Securities (USA) LLC; Swiss American Securities, Inc. New York, New York Russell C. Weigel, III, Esq.; Eric Norstedt, Esq. Allan N. Taffet, Esq.; Joshua C. Klein, Esq. Breach of contract; Breach of implied contract; Breach of fiduciary duty Unspecified options and derivatives $67,281,481.00 (compensatory) N/A Attorneys’ fees; Costs; Interests David S. Billet (P) Carol DiNatale (P); Orestes J. Mihaly (NP) Mixed
09-03580 6/12/2009 8/10/2011 Claims dismissed Kenneth C. Thompson, Trustee of the Kenneth C. Thompson Living Trust U/A dated 3-27-92; Kenneth C. Thompson, as Beneficiary of the Kenneth C. Thompson IRA Stifel Nicolaus & Co., Inc.; Roger Paul Compton; Neil Rolla Harrison St. Louis, Missouri L. Steven Goldblatt, Esq. Lisa A. Nielsen, Esq. Breach of fiduciary duty; Intentional misrepresentation; Churning; Suitability; Negligent supervision; Negligence; Negligent entrustment and retention; Control person liability ABN AMBN Capital; National City Capital; ING Group NV; SLM Corp; KeyCorp Capital; Countrywide $1,000,000.00 (compensatory); $500,000.00 (punitive) N/A Attorneys’ fees; other costs; Interest Keith D. Patten (P) Joseph R. Soraghan (P); Raymond Przybylowski (NP) Mixed
09-03627 6/16/2009 8/4/2011 In favor of Claimants Carroll R. Ray, on behalf of WCR Family Limited Partnership and The Wilhelmina R. Smith Estate Morgan Keegan & Company, Inc. Houston, Texas Fletcher V. Trammell, Esq. David G. Russell, Esq. Misrepresentations and omissions; Violation of the Texas Securities Act; Violation of the Texas Deceptive Trade Practices-Consumer Protection Act; Violation of NASD Conduct Rules; Negligence; Failure of supervision; Fraudulent misrepresentation; Vicarious liability Regions Morgan Keegan High Income Fund; Regions Morgan Keegan Advantage Income Fund; Regions Morgan Keegan Multi-Sector High Income Fund; Regions Morgan Keegan Strategic Income Fund $1,659,213.00 (compensatory); Punitive damages $555,400.00 (compensatory); 4% interest Attorneys’ fees; Other costs; Interest Arno C. Schwethelm (P) Phillip M. Renfro (P); Robert M. Birenbaum (NP) Mixed
09-03910 6/25/2009 8/15/2011 Claims dismissed Dr. Seymour L. Rapp, Individually and as Trustee of the Seymour L Rapp Trust, and Dorothy Rapp, Individually Morgan Stanley & Co., Inc.; Dominic Nieto Detroit, Michigan Joel H. Kaufman, Esq. August “Jamie” H. Schupp, Esq. Violation of NASD Rules of Fair Practice; Breach of contract; Negligence; Misrepresentation; Vicarious liability; Violation of the Michigan Consumer Protection Act; Breach of fiduciary duty; Federal and state securities law violations; Common law fraud Unspecified blue chip stocks $459,398.13 (compensatory); Punitive damages N/A Attorneys’ fees; $1,8750.00 (other costs); Rescission; $130,141.82 (interest) Lee Hornberger (P) Carl E. Ver Beek, J.D (P).; Anthony J. Bove, III (NP) Mixed
09-03946 6/29/2009 8/25/2011 Claims dismissed Pamela Koprowski H. Beck, Inc.; QA3 Financial Corp. St. Louis, Missouri Bruce D. Oakes, Esq. Lisa A. Nielsen, Esq.; Michael J. Tolles, Esq. Breach of contract; Breach of fiduciary duty; Failure to warn; Negligence; Negligent misrepresentation; Omission; Negligent hiring; Negligent supervision; Fraud; Fraudulent misrepresentation; Liability under the doctrines of respondeat superior (against QA3 only); Apparent agency; Violation of Missouri Securities Act Promissory notes including Rockford Development, Pioneer Incorporated, and Israel’s Incorporated $390,000.00 (compensatory); Punitive damages N/A Attorneys’ fees; $14,761.80 (other costs); Interest Thomas J. Ray (P) Joan M. Esserman (P); David Brian Cohen (NP) Mixed
09-05036 8/24/2009 8/3/2011 In favor of Claimant Jane Ann McVey Sagepoint Financial. Inc.; American General Securities. Inc.; Clyde A. Benninghoff Indianapolis. Indiana Mark E. Maddox, Esq.; Thomas K. Caldwell, Esq. Arthur I. Jacobs, Esq.; Richard Scholz, Esq.; William D. Nelson, Esq.; Reed S. Schmitt, Esq.; Meagan Rideout, Esq. Unsuitable insurance investment and negligent account management; Breach of duty; Respondeat superior; Negligence; Negligent supervision Diversified Lending Group, Inc. $1,002,844.00 (compensatory); Punitive damages; $1,232,646 (rescissionary) $925,000.00 (compensatory) Interest; Attorneys’ fees; Other costs Joseph V. Simeri (P) Christine M. Arnold (P); Todd L. Barlow (NP) Mixed
09-05301 9/10/2009 8/5/2011 In favor of Claimant Darlene B. Hill, Trustee of the Darlene B. Hill Trust u/t/a 9-15-93; Darlene B. Hill, an Individual Wachovia Securities, LLC a/k/a Wells Fargo Advisors, LLC; UBS Financial Services, Inc.; Thomas G. Gresham Kansas City, Missouri Roger N. Walter, Esq. Patrick J. Whalen, Esq.; Alise Johnson. Esq. Violations of the Kansas Securities Act; Violations of the Federal Securities Act of 1934; Suitability/fraud; Breach of fiduciary duty; Negligence; Failure to supervise Unspecified stocks and mutual funds $237,000.00 (compensatory); $237,000.00 (punitive) $175,000.00 (compensatory); $10,000.00 (costs); $75,000.00 (attorneys’ fees) Attorneys’ fees; Other costs James A. Hayes (P) Michelle S. Minor (P); Charles H. Lewis, Jr. (NP) Mixed
09-05762 10/6/2009 8/16/2011 In favor of Claimant Michael F. Young Deutsche Park Securities, Inc. d/b/a Deutsche Bank; Alex Brown Philadelphia, Pennsylvania Paula D. Shaffner, Esq. Jason M. Fedo, Esq. Breach of fiduciary duty; Securities fraud; Violation of state law; Misrepresentation; Omission of facts; Suitability Arvali Fund $2,000,000.00 (compensatory) $803,850.27 (compensatory); 6% interest; $600.00 (filing fee) Attorneys’ fees; Interest; Costs Kathleen K. Murphy (P) Edward F. Koren (P); James T. McLaughlin (NP) Mixed
09-06264 11/3/2009 8/2/2011 Claims dismissed Judith Meizer Individually and as Executrix of the Estate of Shepherd W. Meizer Merrill Lynch, Pierce, Fenner & Smith Inc.; Nancy Matta New York, New York Brian Chau, Esq.; Mark Sauchelli, Esq. Theodore A. Krebsbach, Esq. Fraud; Failure to supervise; Unsuitability; Breach of contract; Breach of covenant of good faith and fair dealing; Breach of fiduciary duty; Negligence; Negligent retention; Conversion unspecified securities $1,500,000.00 (compensatory); Punitive damages N/A Interest; Costs; Attorneys’ fees Pamela H. Roderick (P) William P. Laino (P); Catherine I. Gulevich (NP) Mixed
09-06607 11/17/2009 8/2/2011 Claims dismissed Bruce M. Anderson; Bruce M. Anderson Irrevocable Trust Askar Corp.; Holly Callen; Keith A. Witter; Kasey W. Hafenbrack Tampa, Florida Kalju Nekvasil, Esq. Livia E. Babcock, Esq.; Keith A. Witter, Esq. Violation of Federal Securities Laws; Violations of Minnesota Securities Laws; Violation of Minnesota Prevention of Consumer Fraud Act and Unlawful Trade Practices Act; Breach of contract; Common law fraud; Breach of fiduciary duty; Negligence and gross negligence DBSI State Offices; DBSI 2005 Secured Notes $300,000.00 (compensatory); Bargain damages; Rescissionary damages; Non-economic damages; Model portfolio damages; Punitive damages N/A Lost opportunity costs; consideration paid for security; Interest; Costs; Attorneys’ fees Paul E. Flora (P) H. Steven Holtzman (P); Robert Stephen Burns (NP) Mixed
09-06798 12/2/2009 8/1/2011 In favor of Claimants Ed Hannon; Noel Hannon; Drew Hannon; Brooke Hannon Direct Trading Institutional, LP; WallStreet*E Financial Services, Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; Ridge Clearing & Outsourcing Solutions, Inc.; Sean K. Hannon; Epic Advisors, LLC Newark, New Jersey Devanshu L. Modi, Esq. David G. Cabrales, Esq., Ed DeYoung, Esq.; James Bilton Esq.; Francisco Otalvaro,
Esq.; Elio F. Martinez, Jr., Esq.; David J.
Libowsky, Esq.; InA/in
Pronin, Esq.; Sean K. Hannon
Unsuitability; Breach of fiduciary duty; Failure to supervise; Breach of contract; Misrepresentation; Omission effects; Unauthorized trading; Excessive trading; Churning Unspecified securities $760,880.00 (compensatory) $532,616.00 (compensatory); $600.00 (filing fee) Attorneys’ fees; Forum fees Charles L. Prothero, III (P) Fred S. Pieroni (P); Matthew Steven Villa (NP) Mixed
10-00059 1/5/2010 8/3/2011 Claims dismissed Stamatis Astras Mercer Capital LTD; Joseph Omar Gebron; Buckman, Buckman & Reid, Inc. Boston, Massachusetts Robert Bertsch, Esq. Lynn Schultz; David A.
Schrader, Esq.; Mark J. Astarita, Esq.
Misrepresentation; Omission of material facts; Failure to supervise; Negligence; Violation of FINRA Rules of Fair Practice; Successor liability Common share stocks of 3rd Dimension, Inc., Amber Ready, Inc., and WasteToEnergy $62,500.00 (compensatory) N/A Costs; Attorneys’ fees Evalyn Lipton Fishbein (P) N/A Public
10-00365 1/22/2010 8/29/2011 Claims dismissed Peter O’Rourke Mercer Capital Ltd.; Anthony Salino; Felix Roman Washington, D.C. Scott L. Silver, Esq.; Janine D. Gariitz, Esq. Brian Reis, Esq. Suitability; Breach of regulatory requirements; Breach of fiduciary duty; Negligence; Control person liability; Violation of District of Columbia’s blue sky laws Private placement of Accoona Corp $100,000.00 (compensatory); Punitive damages N/A Interest; Costs; Attorneys’ fees; Rescissionf Marvin Elster (P) N/A Public
10-00377 1/25/2010 8/4/2011 In favor of Claimants Anne W. Erickson; Robert T. Erickson Strategic Capital Group LLC; RP Capital LLC; Ronald Jay Robertson; Norman Gary Price; Craig Douglas Johnsen; TD Ameritrade, Inc. Seattle, Washington Don Paul Badgley, Esq.; Mark K. Davis. Esq. James J. Vihstadt, TD Ameritrade. Inc.; William E. Fitzharris, Jr., Esq. Breach of fiduciary duty; Breach of loyalty, good faith, and fair dealing; Breach of contract; Misrepresentation and omission of material facts; Constructive fraud; Violation of section 10(b) of the Securities and Exchange Act of 1934 and Washington State Securities Act RCW 21.20 et seq.; Suitability Oppenheimer Rochester National Municipals (“ORNAX”) Fund; Genesis Strategy Partnership. L.P.; Genesis Special Opportunity Fund $1,000,000.00 (compensatory); Punitive damages $48,760.86 (compensatory); 12% interest; $16,252.00 (attorneys’ fees) Attorneys’ fees; Costs; Interest John A. Bender, Jr. (P) Richard L. Warner (P); Thomas D. Cochran (NP) Mixed
10-00722 2/9/2010 8/2/2011 Claims dismissed Antonio J. Calderon Edward Jones Las Vegas, Nevada Steven D. Toskes, Esq. Dennis J. Capriglione, Esq. Breach of written contract; Breach of fiduciary duty; Failure to supervise; Negligence and gross negligence; Misrepresentations and omissions; Fraud and constructive fraud; Violation of state securities laws; Violation of NYSE, NASD and/or FINRA Rules Van Kampen, Templeton, and Federated mutual funds $200,000.00 (compensatory); Under-performance damages; Punitive damages N/A Costs; Attorneys’ fees; Interest Joyce L Hurley (P) Nancy Jo Schwantes (P); Michael Dean (NP) Mixed
10-00749 2/12/2010 8/4/2011 Claims dismissed Aaron Berkowitz Morgan Stanley Smith Bamey Philadelphia, Pennsylvania Adam M. Green, Esq. Gregg P. Gameau, Esq. Common law fraud; Violations of the securities laws and regulations of the Commonwealth of Pennsylvania; Violation of the Pennsylvania Unfair Trade Practices and Consumer Protection Law, 73 P.S. Sections 201-1 et seq; Breach of contract; Breach of fiduciary duty; Failure to supervise; Negligence Unspecified securities $30,00000 (compensatory); Treble damages N/A Attorneys’ fees; Interest; Costs Kathleen K. Murphy (P) N/A Public
10-01209 3/11/2010 8/3/2011 In favor of Claimant Daniel Kramer Wachovia Securities, LLC, now known as Wells Fargo Advisors, LLC; Michael Cobb Newark, New Jersey Peter S. Pearlman, Esq. Richard C. Szuch, Esq. Material misrepresentations and omisislons; Unsuitable investments; Breach of fiduciary duty; Negligence CIT Group Inc. and Wachovia Corp. preferred stock $354,695.00 (compensatory); Punitive damages $60,000.00 (compensatory) Interest; Attorneys’ fees; Costs Craig S. Bartlett (P) Robert T.Costello (P); Rick F. Suppa (NP) Mixed
10-01343 3/18/2010 8/1/2011 In favor of Claimant Robert E. Lee, individually and as Trustee of the Robert Eari Lee Revocable Trust dated April 1, 2008; Buford E. McCrae, Individually and on behalf of the B.E. McCrae Family Limited Partnership; Beatrice M. McCrae, Individually and on behalf of the B.E. McCrae Family Limited Partnership; Victor Stefanovic CapWest Securities, Inc. Dallas, Texas Kalju Nekvasii, Esq. Orly Davidi, Esq. Violations of Federal Securities Laws; Violation of the Texas Securities Act; Violation of the Texas Deceptive Trade Practices; Violations of the Colorado Securities Act; Violation of the Virginia Securities Laws; Breach of contract; Common law fraud; Breach of fiduciary duty; Negligence and gross negligence Striker Petroleum, LLC 13% Series A Senior Secured Convertible Debentures; Shale Royalties 3, LLC; Provident Energy 2, LP; Campaign Media Buying Services, I, LLC; Strike Petroleum, LLC 13% Series B Senior Secured Convertible Debentures; Medical Provider Financial Corporation IV, Series 1 Secured Note, Class C; Shale Royalties 6, inc.; Medical Provider Financial Corporation; Medical Provider Funding Corporation V, Series I Secured Note, Class B; Shale Royalties 5, Inc.; Medical Provide Funding Corporation V; Strike Petroleum, LLC 13% Series B-4 Senior Secured Convertible Debentures $748,064.73 (compensatory); Punitive damages $615,600.00 (compensatory); 5% interest; $74,820.00 (punitive); $9,030.00 (costs); $100,000.00 (attorneys’ fees) Attorney’s fees; Other costs Robert L. Chisolm (P) James W. Kerr, Jr. (P); Richard F. Schaufert (NP) Mixed
10-01450 3/29/2010 8/1/2011 In favor of Claimant Judith A. Malone Fidelity Brokerage Services LLC Los Angeles, California Russ E. Boltz, Esq. Cameron S. Matheson, Esq. Breach of trust; Breach of fiduciary duty; Breach of the covenant of fair dealing and good faith; Misrepresentation; Negligence; Failure to supervise; Other misconduct Unspecified investments classified as “Risk Level 6″ $250,000.00 (compensatory); $500,000.00 (punitive) $49,976.00 (compensatory) Interest; Attorneys’ fees; Expenses Robert A. Lombardi (P) Chester L. Firestein (P); Robert Weston Armstrong (NP) Mixed
10-01483 3/30/2010 8/17/2011 In favor of Claimant Wendy L. Story, IRA; Marc G. Gaudreau, IRA; Wendy L. Story and Marc G. Gaudreau as Trustees of Beers & Story 401K Andrew Rene Beaudry; Signator Investors, Inc. Hartford, Connecticut Bart Heemskerk, Esq. Luigi Spadafora, Esq.; Christina N.
Davilas, Esq.
Misrepresentation; Breach of fiduciary duty; Violations of state law and FINRA rules; Failure to follow instructions; Failure to supervise; Breach of contract Unspecified securities $300,000.00 (compensatory); $600,000.00 (punitive) N/A $25,000.00 (attorneys’ fees); $72,000.00 (interest); $1,575.00 (costs) Brian J. Dunn (P) Philip S. Walker (P); Michael D. Grant (NP) Mixed
10-01489 3/26/2010 8/3/2011 Claims dismissed Ken Skuba; Warren Farms Inc. Raymond James Financial Services, Inc.; Robert Walen Tampa, Florida James R. Anderson, Esq. Terrance A. Bostic, Esq. Violation of Florida Statutes, Chapter 517.301; Misrepresentations; Suitability; Negligence; Violation of the fundamental rule of fair dealing; Violation of FINRA Rule 2350 and Rule 3010(a) and (d)(1); Failure to supervise; Breach of fiduciary duty Private placement of NHB Holdings, Inc. $400,000.00 (compensatory); Punitive damages N/A $80,000.00 (attorneys’ fees); $15,042.60 (interest); Costs Muriel Desloovere (P) Darryl C. Wilson(P); Pamela S. Townsend (NP) Mixed
10-01533 3/25/2010 8/30/2011 Claims dismissed Maria Kort, Individually and as Trustee and Beneficiary of the Joe Rosenblum Revocable Living Trust U/A 11/30/99; Ellen Rosenblum Trust U/A 11/30/99 Terry John Metzger; Moors & Cabot, Inc. Los Angeles, California Jonathan W. Evans, Esq. Sam Y. Edgerton, III, Esq. Negligence; Fraud, deceit, and omission of material facts; Suitability; Breach of fiduciary duty and breach of trust; Violation of the California and Florida “Blue Sky” statutes and regulations; Violation of FINRA rules and regulations; Failure to supervise; Breach of contract and breach of implied covenant of good faith and fair dealing Unit Investment Trusts $583,231.00 (compensatory); Lost opportunity/well-managed portfolio damages; Punitive damages N/A Disgorgement of commissions, fees, and compensation; Interest; Cost of arbitration; Attorneys’ fees Daniel David Kopman (P) Kevin Joseph Pilon (P); Paul Frederick Meyer (NP) Mixed
10-01541 3/30/2010 8/9/2011 Claims dismissed Thomas Mulvey; Diane Mulvey Merrill Lynch, Pierce, Fenner & Smith, Incorporated Boca Raton, Florida Richard A. Stephens, Esq. Peter S. Fruin, Esq.; Kathryn R. Eldridge, Esq. Common law negligence; Civil fraud; Breach of fiduciary duties; Breach of FINRA conduct rules; Breach of contract; Breach of implied covenant of good faith and fair dealing; Vicarious liability; Supervisory negligence; Actual fraud Comcast Unsecured Notes; Nicholas Applegate Conv Income Fund; Merrill Lynch LKD Select; Fannie Mae Preferred Stock; Lehman Bros. Preferred Stock; Fortune Brands 4.875%; Waste Management 5%; Viacom Senior Notes; Wachovia Capital Preferred Stock; Nextel 5.95% $2,168,648.00 (compensatory/punitive) N/A N/A Mark C. Perry (P) Howard Bernstein (P); Antonio M. Freire (P) Public
10-01624 4/6/2010; Amended 8/26/2010 8/31/2011 Settlement Bryce K. Jones and Sevi R. Jones, Individually and as Co-Trustees of the Jones Family Living Trust Scott Hollaender; Natalie Cegielski Papagni; UBS Financial Services Inc. San Francisco, California S. Brett Sutton, Esq. Kathleen S. Adams, Esq.; Jessica R. Mather, Esq. Violations of federal securities laws; Violations of California securities laws; California unfair, unlawful, and fraudulent business practices; Breach of contract; Common law fraud; Breach of fiduciary duty; Negligence and gross negligence Internally leveraged PRO Funds; Mutual funds containing Junk Bonds; Exchange Traded Funds containing Currencies, Commodities, Financial Sector Preferred Stocks; Other ETF’s; Several mutual funds $589,777.26 (compensatory); Bargain damages; Lost opportunity costs; model portfolio damages; Punitive damages N/A Interest; Costs; Attorneys’ fees; Expert witness fees Linda M. McCoy (P) Christopher J. Hadsell (P); Nicholas J. Caputo (NP) Mixed
10-01700 4/9/2010 8/4/2011 Claims dismissed R. Kent Emigh, Individually and as Trustee of the R. Kent Emigh Trust UA DTD 1/31/86 Wedbush Securities Inc.; Lisa Ann Gallo San Francisco, California Andrew V. Tramont, Esq. Charies LaChaussee, Esq. bBreach of fiduciary duty; Unsuitability; Failure to recommend risk management strategies; Negligence; Negligent supervision; Breach of contract Pacific Capital Bancorp (“PCB”) securities $2,500,000.00 (compensatory); Punitive damages N/A Interest; Costs Ralph A. Cotton, CPA (P) Thomas C. McNally, Ill(P); Louis Anthony Napoli (P) Mixed
10-01739 4/13/2010 8/12/2011 Claims dismissed James Kane; Agnes Kane National Securifies Corporation; Raffaele Gambardella; GunnAllen Financial, Inc.; Matthew John King, Jr.; Progressive Asset Management Inc.; David Thomas Tanner New York, New York Raymond S. Carroll, Esq. Jay Marc Israel, Esq.; Kevin Daniels, Esq.; David Gaba, Esq. Breach of fiduciary duty; Misrepresentations; Non-disclosures; Failure to supervise; Negligence MetLife annuity $179,582.38 (compensatory); N/A $115,125.32 (interest); $75,000.00 (attorneys’ fees); $2,500.00 (costs) Dorothy E. Morris (P) Jay Alan Kranis (P); Richard S. Peskin (NP) Mixed
10-01847 4/16/2010 8/26/2011 In favor of Claimant George Putnam Citigroup Global Markets, Inc. San Francisco, California Justin T. Berger, Esq.,; Eric J. Buescher, Esq. Christopher A. Stecher, Esq. Breach of contract; Breach of the covenant of good faith and fair dealing; Professional negligence; Fraud; Negligent Misrepresentation Delay in converting funds from Canadian dollars to United States dollars Compensatory damages $127,943.88 (compensatory); 10% interest Economic losses; Interest; Costs Michael J. Fish (P) Kevin C. Coleman, J.D (P).; Frank R. Weaver (P) Public
10-02002 4/28/2010 8/23/2011 Settlement Deborah M. Menten, Trustee of the Deborah M. Menten Revocable Trust DTD U/A 5/26/1998 Newbridge Securities Corporation Boca Raton, Florida Robert W. Pearce, Esq. Rose M. Schindler, Esq. Excessive trading; Violation of Chapter 517.301, Fla. Stat.; Common law fraud and negligent misrepresentation; Breach of fiduciary duty; Negligence; Negligence supervision; Breach of contract Unspecified securities $380,000.00 (compensatory); Punitive damages N/A Interest; Costs Howard N. Kahn (P) Richard S. Zaifert (P); Dale H. Van Scoyk (NP) Mixed
10-02006 4/28/2010 8/12/2011 Settlement Arthur Ball Carlos Jimenez; Wells Fargo Advisors, LLC San Diego, California Steven M, Green, Esq. Kendra S. Canape, Esq. Breach of fiduciary duty; Intentional misrepresentation, fraud, and deceit; Breach of oral contract; Breach of the covenant of good faith and fair dealing; Violation of Securities Act of 1933,15 U.S.C. Sections 771(1), 772(2), 77q(a)(1), 77q(a)(2), and 77q(a)(3); Violation of Sections 25400, 25401, 25500, and 25501 of the California Corporate Securities Act of 1968; Violation of Sections 25110, 25130, and 25503 of the California Corporate Securities Act of 1968; Negligence, Negligent misrepresentation, and negligent management; Conversion; Violation of the Elder Abuse Act, Welfare 7 Institutions Code §§15600(f), et seq. Unspecified Investments on margin $270,000.00 (compensatory); Punitive damages N/A Costs Kevin K. Forrester (P) Rose Marie A. Boucher, J.D (P).; Terry D. Anderson (NP) Mixed
10-02021 4/29/2010 8/8/2011 Settlement William E. Neidner, Jr., individually and as Trustee of the Margaret L. Neidner Trust DTD 6/25/84 Newbridge Securities Corporation Boca Raton, Florida Robert W. Pearee, Esq. Rose M. Schindler, Esq. Violation of Chapter 517.310 Fla. Stat.; Common law fraud and negligent misrepresentations; Breach of fiduciary duty; Negligence; Negligent supervision; Breach of contract unspecified securities $350,000.00 (compensatory); Punitive damages N/A Interest; Lost profits; Attorneys’ fees; Costs Harold S. Stem (P) Marvin John Cashion (P); Nikola Bjelajac (NP) Mixed
10-02046 4/19/2010 8/25/2011 Claims dismissed Maurice Rosen EKN Financial Services, Inc. and Edward Scott Short New York, New York Richard A. Roth, Esq. Mark J. Astarita, Esq. Unsuitability; Breach of fiduciary duty; Fraudulent misrepresentation; Failure to supervise; Respondeat superior; Negligent misrepresentation; Unauthorized trading; Negligence; Fraud; Control person liability Direxion Shares $275,000.00 (compensatory); Punitive damages N/A Interest; Attorneys’ fees; Costs Camille S. Cooper (P) Jettie K. Thomas (P); Neil G. Gargiulo (NP) Mixed
10-02160 5/4/2010 8/5/2011 In favor of Claimants Steven A. Irsay; Richard S. Irsay Wachovia Securities, LLC n/k/a Wells Fargo Advisors, LLC; Woodrow Jason Jones; Daniel Hughes; Danica King; Greg Weils Chicago, Illinois Thomas E. Sarikas, Esq. Steven D. Hamilton, Esq. Negligence; Failure to supervise N/A $180,000.00 (compensatory) $78,343.24 (compensatory) Interest; Attorneys’ fees; Other costs Leonard Arthur Nelson (P) Lee H. Goodman (P); Susanna F. Goldman (NP) Mixed
10-02477 5/21/2010 8/25/2011 In favor of Claimants Frank Griswold Burch & Company, Inc.; William Clifford Congdon; John Frederick Jeffers Anchorage, Alaska Christopher J. Slottee, Esq. Dennis J. Kelly, Esq. Negligence; Breach of fiduciary duty; Negligent supervision; Breach of contract; Fraud Tenant-in-common share of Beamer Place Apartments $399,560.00 (compensatory) $350,000.00 (compensatory); 3.5% interest $1,300.00 (expenses); Attorneys’ fees; Interest; Forum fees Roy J. Mocerl (P) John F. Cockbum (P); James A Bishop (NP) Mixed
10-02489 5/26/2010 8/9/2011 Claims dismissed The Estate of Charies Daniels; Daniels’ Family Trust; Charles Daniels’ Trust Merrill Lynch, Pierce, Fenner & Smith, Inc.; William Richard Tomes; Terri Lee Lockwood Philadelphia, Pennsylvania Thomas O’Connor, Esq. Dana S. Gloor, Esq. Failure to supervise; Breach of fiduciary duty; Misrepresentation; Omission of facts; Unsuitability Merrill Lynch Pfd Ser; Merrill Lynch & Co. Inc.; Merrill Lynch & Co Pfd Ser XAU; Merrill Lynch & Co Pfd Ser GZV; Merrill Lynch & Co Rd Ser RICI; Swedish Exp Credit Z-Cpn 04/08/09; Merrill Lynch & Co Rd Ser SPX; Menill Lynch & Co Mtn ZCpn 03/05/10; Swedish Exp Cred Mtn Z-Cpn 06/05/09 $168,000.00 (compensatory); Punitive damages N/A N/A Robert F. Sanville (P) John W. Lear (P); Vernon C. Walker (NP) Mixed
10-02693 6/9/2010 8/26/2011 Claims dismissed David L. Halter RBC Capital Markets Corporation; Robert Paretti Newark, New Jersey James W. Halter, Esq. Patrick Howley, Esq.; Joseph F. Generelli, Esq. Fraud; Misrepresentation; Breach of contract; Breach of fiduciary duty; Unsuitability; Unauthorized trading; Violation of Federal Securities Law; Violation of FINRA Rules; Failure to supervise Royal Bank of Scotland preferred non-cumulative stock $31,650.00 (compensatory) N/A Attorneys’ fees; Costs Charles L Protheto (P) N/A Public
10-02729 6/7/2010; Amended 2/4/2011 8/8/2011 In favor of Claimant Tim Joslen Gary Kevin Akiyama; Symetra Investment Services, Inc.; Akiyama Financial Services, LLC Seattle, Washington Robert S. Banks, Jr., Esq.; David A. Sacks, Esq. Shannon L. McDougald, Esq.; C. N. Coby Cohen, Esq. Washington securities law violations for misrepresentations, omissions, and firaud; Common law fraud; Breach of fiduciary duty; Common law negligence; Violation of Washington’s Consumer Protection Act Sound Investments PNW, LLC, an alleged Ponzi scheme $250,000.00 (compensatory) $215,000.00 (compensatory); $18,633.00 (interest); $60,000.00 (attorneys’ fees) Interest; Attorneys’ fees; Costs Frederic E. Dorkin (P) T. Dennis George (P); Thomas L. Reveley (NP) Mixed
10-02870 6/18/2010 8/12/2011 Settlement Barisara A. Lynn; Barbara A. Lynn Trustee of the Barbara A. Lynn Trust, under agreement dated 11/10/2008 Stifet, Nicoiaus & Company, Incorporated; Butler Wick & Co., Inc.; John F. Peters a/k/a Jack Peters; Brian J. Robb Cleveland, Ohio Ronald M. Cavalier, Esq. James C. Browning, Jr., Esq. Violation of Exchange Act Section 10(b)(5) and SEC Rule 10(b)(5); Violation of Rules and Regulations of SRO’s; Violations of Exchange of Act Section 15(c); Common law negligence/brokerage malpractice; Common law negligent misrepresentation; Common law intentional misrepresentation; Breach of contract; Respondeat superior; Controlling person liability Stock of Energy Conversion Devices,
Inc.
$791,530.00 (compensatory); $200,000 (punitive) N/A Interest; Attorneys’ fees; Other costs Jeffrey M. Bain (P) Kathleen M. Zouhary (P); Bert S. Cliff (NP) Mixed
10-03277 7/16/2010 8/5/2011 Settlement Katy Chen; Ten Chen JT; Katy Chen Oust for Claire Chen; Katy Chen Oust for Joelle Chen; Katy Chen Cust for Marcus Chen; Katy Chen Roth IRA; Ten Chen Roth IRA Charles Schwab & Co., Inc.; Kevin Turner Minneapolis, Minnesota Michael S. MacDonald, Esq. Kendra S. Canape, Esq. Breach of fiduciary duty; Violation of Minnesota Securities laws; Negligent misrepresentation; Breach of contract; Negligent supervision; Fraud YieldPlus Select Fund $19,291.00 (compensatory); $60,000.00 (punitive) N/A Interest; Attorneys’ fees; Other costs Emily B. Boote (P) N/A Public
10-03343 7/22/2010 8/31/2011 Settlement Wanen Becker and Norma Becker as Trustees of the Becker Family Trust dtd 10/10/98 Andrew Melikidse; Sagepoint Financial, Inc. Los Angeles, Califomia Robert A. Lisnow, Esq. G. Thomas Fleming, Ill, Esq. Breach of fiduciary duty; Misrepresentations/non-disclosures; Omission effects; Forgery of Claimant Wanren Becker’s signature; Suitability; Breach of contract; Errors/charges; Exchanges; Failure to supervise; Negligence; Failure to execute; Fraud American General Horizon Index Annuity; municipal bond mutual funds; Inland Western Retail REIT; Behringer Harvard REIT $700,000.00 (compensatory) N/A N/A Martin Mandel (P) Robert C. Albini (P); Robert S. Fash (NP) Mixed
10-03410 7/28/2010 8/26/2011 In favor of Claimant Steven Kolow Oppenheimer & Co. Inc. Denver, Colorado Kristen Hudson, Esq.; Bradley P. Nelson, Esq.; Jose A. Lopez, Esq. Peter Byer, Esq. Breach of fiduciary duty; Violation of the Colorado Securities Act C.R.S.A. § 11-51-604(3); Violation of the Colorado Securities Act C.R.S.A. § 11-51-604(4); Violation of FINRA Rule 2010; Violation of FINRA Rule 2310; Violation of FINRA Conduct Rule 3010; Negligent supervision; Negligence Shares of Alcoa, GVI, General Electric, Freeport-McMoran, and Exco-Resources; call options of General Electric, Freeport-McMoran, and Exco-Resource $4,000,000.00 (compensatory) $1,112,500.00 (compensatory); 9% interest Disgorgement of all profits earned; Lost investment opportunity costs; Interest; Attorneys’ fees; Expert fees; Costs Robert D. Greenlee (P) Samuel Clinton O’Daniel (P); Richard M. Reider (NP) Mixed
10-03587 8/6/2010 8/19/2011 Claims dismissed George Tronsme; Cindy Tronsrue; Florence Tronsme; Nancy Frel; Jericho Fund, LLC Phil Scott a/k/a Walter Schlaepfer; Merrill Lynch, Pierce, Fenner & Smith Incorporated Seattle, Washington Donald H. Mulllns, Esq.; Mark K. Davis, Esq. J. David Jackson, Esq.; Nathan T. Alexander, Esq. Violation of industry rules and federal and state securities laws; Unsuitability; Controlling person liability; Failure to supervise; Fraud; Washington’s Consumer Protection Act, RCW 19.86 et seq.; Breach of fiduciary duty, duty of loyalty, good faith, and fair dealing; Misrepresentation/omission Stock of Washington Mutual; Genuine Parts Co.; inergy LP; Annaly Capital Management Enbridge Energy Partners; National Resource Partners LP; Penn Virginia Resource Partners LP; Alliance Resource Partners LP; AT&T; Verizon Communications $2,572,624.85 (compensatory); Punitive damages N/A Attorneys’ fees; Costs; Interest Joseph C. Roberts (P) Peter L. Sill (P); Ronald E. Lorentsen (NP) Mixed
10-03684 8/13/2010 8/2/2011 Claims dismissed Jeanette L. Kridel; Jeanette Lores Kridel Trust Smith Barney a/k/a Citigroup Global Markets, Inc.; Stephen P. Endlar; William F. Dodge New York, New York William J. Kridel, Jr. Alejandro Schwed, Esq. Gross mismanagement; Negligence; Fraud; Suitability; Poor supervision Unspecified securities $60,000.00 (compensatory) N/A Attorneys’ fees; $1,000.00 (costs) Allan E. Johnson (P) N/A Public
10-03778 8/18/2010 8/4/2011 Claims dismissed Joe Stapleton Wells Fargo Advisors, LLC Orlando, Florida Robert W. Elton, P.L. Deirdre Wolff, Esq. Negligence; Breach of fiduciary duty; Violation of Florida Statutes 517.301 and 517.311 1000 shares of Fannie Mae preferred stock, series T $24,435.51 (compensatory) N/A Costs; Interest; Attorneys’ fees Daniel Lund (P) N/A Public
10-03911 8/26/2010 8/26/2011 Claims dismissed Barbara Shimko; Joseph Shimko Newport Coast Securifies, Inc.; J.P. Turner & Company, LLC; Hugh Ordway Barndollar, III; Paul William Murphy Tampa, Florida John R. Kiefner, Jr., Esq. Scott Holcomb, Esq.;Eric J. Dec, Esq.; Burton W. Wiand, Esq. Failure to supervise; Sale of unregistered securities; Violation of Section 517.301 Fla. Stat.; Fraud; Breach of contract; Breach of fiduciary duty; Negligence; Violation of FINRA Conduct Rule 2110; Violation of FINRA Rule 2310; Gross negligence Private placements of Ashley Overlook; Six Forks Station; Jacksonville Medical; Behringer Havard; Provident Shales $124,800.00 (compensatory); Punitive damages N/A Interest; Costs and forum fees; Attorneys’ fees Jacquelyn M. Shannon (P) Lawrence Gray Sanders (P); Gordon G. Bowles (NP) Mixed
10-04142 9/14/2010 8/19/2011 Claims dismissed Michael Bender Edward Jones; Steve Fred Shmatko Phoenix, Arizona Carl R. Anderson, Esq. Dennis J. Capriglione, Esq. N/A Ford Motor Company; Russell Index Funds $50,000.00 (compensatory) N/A N/A Joe S. Tarrer, III (P) N/A Public
10-04376 9/28/2010 8/4/2011 In favor of Claimants Jack Loew; Ruth Loew; Loew Revocable Trust Midamerica Financial Services, Inc.; PivotPoint Advisors, LLC; John Norquay Milwaukee, Wisconsin Mark E. Sanders, Esq. Charies S. Genisio, Esq. Violation of the Wisconsin Uniform Securities Act; Breach of fiduciary duty; Suitability; Negligent supervision ProShares ETFs $68,779.30 (compensatory) $28,871.57 (compensatory); 5% interest; $225.00 (filing fee) Interest; Attorneys’ fees Terry F. Peppard (P) N/A Public
10-05055 11/3/2010; Amended 2/9/2011 8/9/2011 Claims dismissed Richard Skop; Lynne Skop Elaine Regan; Wells Fargo Advisors, LLC f/k/a A.G. Edwards & Sons, Inc. Buffalo, New York Jeffrey B. Kelvin, Financial Planners Assistance, Compliance Consultant Patricia E. Cowart, Esq. Breach of contract; Unsuitability; Negligence; Failure to supervise Unspecified securities $250,000.00 (compensatory); Punitive damages N/A Forum fees; Attorneys’ fees Daniel M. Mankovyski (P) Peter A.P. Dunlop (P); Gust D. Servis (NP) Mixed
10-05581 12/14/2010 8/15/2011 Claims dismissed Albert Douglas; Elizabeth Douglas Janney Montgomery Scott LLC; Stifel, Nicolaus & Co., Inc.; Peter Anthony Piccinini N/A Walter A. Gilmore, Esq. Carrie L. Cheiko, Esq.; Jeffrey C. Primiano, Esq. Unsuitability; Breach of fiduciary duty; Breach of contract N/A $13,286.25 (compensatory) N/A Interest; Attorneys’ fees; Costs Edward Blumstein (P) N/A Public
10-05821 12/31/2010 8/23/2011 Claims dismissed Ruth Lally Stifel, Nicolaus & Co., Inc.; Renee A. Raymond N/A Adam S. Tracy, Esq. Keith M. Lahay, Esq.; James C. Browning, Jr., Esq. Breach of contract; Breach of fiduciary duty; Violation of the Illinois Securities Law of 1953; Negligence and negligent supervision; Violation of Section 10(b) of the Exchange Act and Rule 10b-5; Violation of FINRA Rule 2110; Violation of FINRA Rule 2120; Violation of FINRA Rule 3010 Unspecified securities $5,693.65 (compensatory); $17,080.95 (punitive) $212.50 (costs) Interest; $2,425.00 (attorneys’ fees) Donald W. McKenzie (P) N/A Public
11-00216 1/12/2011 8/5/2011 Claims dismissed Doris Dawson Wells Fargo Advisors, LLC N/A D. Daxton White, Esq. Alan S. Rafterman, Esq. Unsuitable investments; False, fraudulent and misleading representations; Misrepresentation of the true nature of the investment; Breach of fiduciary duty; Negligent failure to supervise; Negligence Claymore Unit Investment Trust $13,624.24 (compensatory) $425.00 (costs) Interest; Costs Jordan Roy Nelson, Ph.D (P) N/A Public
11-00349 1/25/2011 8/30/2011 Claims dismissed Marilyn Strauss Levy RBC Capital Markets Corporation; Greg Buckner N/A Pro Se Joseph F. Keenan, Esq. Churning; Mismanagement of investments; Purchase of very small amounts of many stocks and then the sale of them shortly after and the buying of replacement stocks Stock of Caterpillar Inc.; E.L. du Pont de Nemours & Co $25,0000 (compensatory); Punitive damages N/A N/A Patricia Ann Tracey (P) N/A Public
11-00960 3/7/2011 8/30/2011 Claims dismissed Dylan Brooks E*Trade Securities LLC N/A Pro Se Meredith A. Felde, Esq. Gross negligence SPY common shares $10,620.00 (compensatory) N/A $425.00 (costs) Patricia Ann Tracey (P) N/A Public
05-00698 3/3/2005 8/19/2011 In favor of Claimant. Respondent Marsha Schubert is liable for and shall pay to Leonard
Briscoe the sum of $66,226.93 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Ronald Clough
the sum of $3,739.00 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Richard
Reynolds and Richard Reynolds, as Trustee of the Richard Reynolds
Living Trust, the sum of $269,986.12 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Steve Sanders
and Crandall & Sanders, Inc., the sum of $282,974.10 in compensatory
damages;
Respondent Marsha Schubert is liable for and shall pay Tim Blair and
Cheri Blair the sum of $65,666.66 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Kent Blair the
sum of $46,384.88 In compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Craig Blaim
and Rae Blair the sum of $7,725.19 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Blair Minerals
Ltd. LLC the sum of $61,805.79 in compensatory damages; Respondent Marsha Schubert is liable for and shall pay to John Vance
the sum of $35,375.98 in compensatory damages;
Respondent Marsha Schubert is liable for and shall pay to Leonard
Briscoe, Ronald Clough, Richard Reynolds, Richard Reynolds as Trustee
of the Richard Reynolds Living Trust, Steve Sanders, Crandall &
Sanders, Inc., Tim Blair, Cheri Blair, Blair Minerals Ltd. LLC, Craig Blair,
Rae Blair, and Kent Blair interest on the above-stated sums at the legal
rate pursuant to 12 O.S. § 727.1 for post-judgment interest per annum; Respondent Marsha Schubert is liable for and shall pay to Leonard
Briscoe the sum of $25,676.10 in attorneys’ fees;
Respondent Marsha Schubert is liable for and shall pay to Ronald Clough
the sum of $1,442.04 in attorneys’ fees.
Lenard Briscoe; Ronald Clough; Richard Reynolds as Trustee of the Richard Reynolds Living Trust; Steven Sanders; Crandall & Sanders, Inc.; John Vance; Tim Blair; Cheri Blair; Blair Minerals Ltd. LLC; Craig Blair; Rae Blair; Kent Blair AXA Advisors LLC; Wilbanks Securities, Inc.; Marsha Schubert Oklahoma City, Oklahoma Mark K. Stoneceipher; Brent M. Johnson; Joseph H. Bocock; Thomas R. Cox; John Gibson; Bill Wilkinson; Stephen A. Zrenda Jr.; Kenneth M. Stoner Breach of contract; Breach of fiduciary
duty; Negligent hiring; Negligent supervision, gross or otherwise; Actual and constructive fraud, state and federal, statutory and common law; Concealment; Conversion
Unspecified $1,535,049.20 in actual and compensatory damages $839,868.65 in compensatory damages plus interest; $27,118.14 in attorney’s fees $27,118.14 in attorney’s fees Ja Preece Gaddis(P) Cleve W. Powell (P); David Keith Lesher (NP) Mixed
08-04804 12/16/2008 11/8/2010 Claims dismissed Yizhak Toledano, individually and as Trustee of the Yishak Toledano Trust; Liat Toledano Merrill Lynch; Pierce, Fenner & Smith, Inc.; Sam Moshe Fort Lauderdale, Florida Jeffrey Erez Bennel Falk; Matthew Wolper Breach of fiduciary duty;
Negligence; Negligent supervision; Fraud; Breach of contract; Violation of
the Florida Securities and Investor Protection Act
Various securities including, but not limited to, E-Trade Financial, Blackstone Group, and Countrywide Financial Compensatory
damages in excess of $1,000,000.00; Interest; Punitive damages
None Attorney’s fees; Rescission; Costs Seth Finkel (P) Barry Thorpe (P); Lee Rosenblum (NP) Mixed
09-02550 4/30/2009 9/21/2011 In favor of Claimant; Respondent is liable and shall pay compensatory damages of
$432,061.00 plus interest;
$375.00 reimbursement of filing fee previously paid by
Claimant.
Chrstian Brothers University Endowment Fund Morgan Keegan & Company, Inc. Memphis, Tennessee Dale Ledbetter; Adam Nativ Sheperd D. Tate; Samuel L. Felker Misrepresentations and omissions;
Breach of fiduciary duty; Unsuitable investments; Negligence; Failure of supervision; Breach of contract; Violation of FINRA rules; Violation of Tennessee statutes
Shares of RMK select high income fund Compensatory damages in excess of $1,000,000 plus interest; Punitive damages $432,061 in compensatory damages plus interest; $375 reimbursement for FINRA filing fee Unspecified costs Jerry Schuchman (P) Ian S. Greig (P); Robert Kevin O’Mara (N) Mixed
09-03867 6/24/2009 8/31/2011 Claims dismissed Patricia Neel Oppenheimer & Co. Inc. San Fransisco, California George S. Trevor Ellen Sheridan-Cona Negligence; Breach of contract; Failure to supervise; Breach of fiduciary duty;
Violations of California and federal securities laws; Financial abuse of senior
citizens
Investment in Xanthus Hedge Fund and other unspecified exchange traded funds concentrated in Singapower and Taiwan based stocks $372,000 in direct out-of-pocket losses; Interest on the award amount proven at arbitration; $372,000 in treble damages None Attorney’s fees; Arbitration and other out-of-pocket costs Mark R. Toppe (P) Richard L. Rubin (P); Juleanne A. Thlebaut (NP) Mixed
09-05271 9/10/2009 9/19/2011 Claims dismissed Gerald Prud’homme; Barbara Prud’homme Merrill Lynch; Pierce, Fenner & Smith, Inc. Savannah, Georgia Fred S. Clark Julie W. Portera; Donald F. Winningham Violation of FINRA
Rule 2310; Misrepresentations and negligence; Material omissions; Deception
and fraud; Failure to supervise; Violation of the Unfair and Deceptive Trade
Practices of Consumer Protection Statutes; Breach of contract; Violation of
Section 10b and Rule 10b-5 of the Securities Exchange Act of 1934
Investment in the Coast Access IV LLC CL A hedge fund Compensatory damages in amount of $58,392.34; Punitive damages None Disgorgement of fees and commissions; Interest; Attorney’s fees; Accounting fees; other professional fees James C. Hoover (P) n/a Public
09-05327 9/20/2009 9/1/2011 Claims dismissed Bernard F. Master; The Bernard F. Master Recovable Trust Bear Stearns Companies, Inc.; Bradley Roger Kastan Columbus, Ohio Eric A. Jones Marion H. Little, Jr. Breach of fiduciary duty; Fraud;
Negligence; Breach of contract; Violations of Rule 17a-3 of the Securities Exchange Act of 1934
MI Homes preferred stock $100,000 in actual/compensatory damages None $200,000 in Attorneys’ Fees and other costs David W. Stanton (P) Marvin Brown (P); Erwin John Dugasz, Jr. (NP) Mixed
09-06022 10/29/2009 9/21/2011 Claims dismissed Dallas Charles Blagg; Robyin Ward-Blagg Morgan Keegan & Company, Inc.; Affinity Investment Services, LLC; Affinity Federal Credit Union; Affinity Financial Services, LLC Dallas, Texas Jason A. Archinaco G. Wayne Hilis; William A. Despo; Fraud; Negligence; Failure to supervise;
Suitability; Breach of fiduciary duty; False advertising; Unauthorized trading; Violation of Texas securities statutes; Violation of Texas statutes; Violation of New Jersey uniform securities laws; Violation of FINRA Rules
Various RMK funds 1,000,000 in actual/compensatory damages; $2,000,000 in treble damages None Attorneys’ fees Robert J. Gregory (P) James Douglas Haigh (P); Sam Adetto Kayam (NP) Mixed
09-06162 10/19/2009 9/9/2011 Claims dismissed Maya Sherrill; Nida Sherrill Wells Fargo Advisers, LLC Ft. Lauderdale, Florida Stefan M. Apotheker Coren H. Stern; Jonathan C. Schwartz Breach of fiduciary duty; Negligence;
Negligent supervision; Fraud; Breach of contract
Federal National Mortgage Association Series S Perpetual 8.25 Preferred shares; Federal Home Loan Mortgage Corporation Non-Cumulative Perpetual 8.375% Preferred shares Compensatory damages between $50,000 and $100,000; Punitive damages None Interest and costs John J. Hearn (P) n/a Public
09-06233 10/29/2009 9/14/2011 Submission agreement between parties JPTDLM, L.P. Oppenheimer & Co. Inc.; Oppenheimer Asset Management Inc.; Jonathan Greene; Kyle M. Wool Milwaukee, Wisconsin Jeffrey J. Liotta Gerry Kowalski Misrepresentations; Negligence; Breach
of fiduciary duty; Breach of contract; Breach of the implied covenant of good faith and fair
dealing; Self dealing; Churning; Unsuitability; Violation of FINRA Rule 2010; Violation of the
Wisconsin Administrative Code; Violation of the Securities Exchange Act of 1934; Failure to supervise
Unspecified securities in claimant’s portfolio enhancement program account $2,000,000 in actual/compensatory damages N/A $2,000,000 in other monetary relief Gary L. Grolle (P) Dennis M. Selby (P); Susan H. Schleisner (NP) Mixed
09-06333 1/6/2009 9/9/2011 Claims denied Nicholas Pitch, Sr.; Nicholas Pitch, Jr.; Maria Pitch Oppenheimer & Co., Inc; Mark C. Hotton; David Feigeles; Henry Fichtner New York, New York Brian S. Conneely Peter Byer; William E. Mahoney; Michael Finkelstein Fraud; Churning; Unauthorized trades;
Suitability; Improper record keeping; Breach of fiduciary duty; Negligence; Negligent supervision; Failure to supervise; Improper guarantees and predictions of value, inadequate disclosures; Conflicts; Misrepresentations; Best execution; Breach of implied covenant of good faith and fair dealing
Unspecified securities $6,000,000 in compensatory damages; Punitive damages Claims denied Interest; Attorneys’ fees; Expert witness fees; Costs; Expenses; Disbursements incurred Mark Mendley (P) Adam B. Lass (P); Joseph Hubbell (NP) Mixed
09-06525 11/11/2009 9/30/2011 Claims dismissed Gerald J. Bamberger and Maxine Bamberger, individually and as Trustee of their respective revocable living trusts, individual retirement accounts and IRS-SEP accounts UBS Financial Services, Inc. St. Louis, Missouri Stuart R. Berkowitz; Robert J. Benbenek; Thomas C. DeVoto Donald J. Mehan Breach of fiduciary duty; Negligence;
Misrepresentations; Omissions; Respondeat superior; Violation of the Missouri Securities Act of 2003
Unspecified Compensatory damages in excess of $1,000,000 plus interest; Punitive damages Claims dismissed N/A Thomas J. Ray (P) Marilyn T. Selby (P); Judisth A. Payuk (NP) Mixed
09-06683 11/24/2009 9/1/2011 Claims denied Thomas Campagna Gary Goldberg New York, New York Mitchell Markowitz Thomas Cattani Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good fair and fair dealing; Unsuitability; Excesive and unneccessary trading; False and misleading statements; Negligent supervision; Respondeat superior Unspecified Securities Compensatory damages of no less than $400,000.00; Other costs; $720,254.70 in compensatory damages Claimant’s claims are denied in their entirety N/A Jill I. Gross Susan Y. Chin (PA); Michael E. Olney (NP) Mixed
09-06805 11/30/2009 9/2/2011 Claims denied Thomas Untiedt GunnAllen Financial Inc.; GAH Holdings LLC; GunnAllen Holdings LLC; Wright Asset Management Group, Inc.; JHS Capital Holdings, Inc., d/b/a; JHS Capital Advisors, Inc.; Pointe Capital, Inc. f/k/a Pointe Capital, LLC; John Sykes; Mary Kennemur; Paul Richardson; Paul H. Chuzi; Kirk E. Kubach; Hyde Park Equity Investments, LLC; Jake E. Bluestein; Louis Wright. Detroit, Michigan Anthony V. Trogan; Joseph H. Spiegel Joseph D. Edmondson; Scott T. Seabolt; William J. Schifino; Daniel P. Dietrich; Fred N. Knopf Breach of contract; Fraud; Silent fraud; Negligent misrepresentation; Negligence; Violation of FINRA Rules of Fair Practice; Breach of fiduciary duty; Breach of Michigan securities laws Numerous illiquid, high risk securities $200,000.00 in compensatory damages; Unspecified in punitive damages Claims dismissed Recission Roman S. Gribbs Stuart Sinai (P); Dana R. Dawe (NP) Mixed
09-06910 12/10/2009 9/22/2011 Claims withdrawn; Claims dismissed Santanna Natural Gas Corporation Merrill Lynch, Pierce, Fenner & Smith, Inc.; Merrill Lynch & Co., Inc.; Merrill Lynch Bank USA; Men-ill Lynch Bank & Trust Co., FSB; Scott L. Branson Houston, Texas Benjamin H. Hathaway Michael A. Rodriguez Breach of fiduciary duty; Negligence; Breach of contract Unspecified $1,000,000 in compensatory damages Claims dismissed Unspecified costs and disgorgement of compensation David G. Beerbower William Edward Buck (P); Selenne Calhamer (NP) Mixed
09-07085 12/21/2009 9/27/2011 Claims dismissed Louisiana Citizens Property Insurance Corp. Bear, Stearns & Co., Inc.; J.P. Morgan Securities, Inc. New Orleans, Louisiana James R. Swanson; Alysson L. Mills Jonathan K.Youngwood; Ian R. Dattner; Jeannie J. Chung; Jonathan T. Menitove Breach of fiduciary duty; Intentional misrepresentation; Negligent misrepresentation; Securities fraud; Fraud In the inducement; Breach of contract; Violation of §10(b) of the Exchange Act, 15 U.S.C. §78j(b), Rule 10b-5, 17 C.F.R. §240.10b-5, thereunder; Violation of MSRB rules; Violation of NASD rules; Breach of warranties; Detrimental reliance Municipal Bonds (Series 2006C-1. 2006C-2, 2006C-3, and 2006C-4) structured as auction rate securities (ARS). Fixed Rate Model: $85,225,357.00; Formulaic Rate Model: $109,548,119.00 Claims dismissed $1,044,774.00 in attorneys’ fees; Costs of $733,687.00 Donald Mllo Helton William Gilbert Faulk, Jr. (P); Robert R. Wolf (NP) Mixed
09-07108 12/21/2009 9/6/2011 In favor of Claimant; $187,625.00 in compensatory damages; Pre-judgment interest on the above-stated sum Todd D. Simon Oppenheimer & Company, Inc. Omaha, Nebraska Diane A. Nygaard Andrew R. Harvin Misrepresentations; Breach of fiduciary duty; Violation of FINRA’s Conduct Rules; Violation of Nebraska Securities Act Auction rate securities (ARS) Actual/Compensatory Damages $977,572.00; Other Costs $120,000.00. $187,625.00 in compensatory damages; Pre-judgment interest on the above-stated sum Unspecified Attorneys fees; Recission Bruce Keplinger James Edward Nash (P); Thomas J. Plelss (NP) Mixed
09-07172 12/22/2009 9/15/2011 In favor of Claimant; Epic and Hannon are liable for and shall pay to Claimant compensatory damages in the amount of $120,000.00. The Panel finds fraud on the part of Respondents Hannon and Epic. Mary Helen Powers Direct Trading Institutional, L.P.; WallStreet*E Financial Services, Inc.; Epic Advisors, L.L.C.; Merrill Lynch, Pierce, Fenner & Smith, Inc.; Ridge Clearing & Outsourcing Solutions, Inc.; Sean Hannon Newark, New Jersey Devanshu L. Modi David G. Cabrales; Carios Francisco Otalvara; David J. Libowsky; Irwin Pronin Unsuitable investments; Breach of fiduciary duty; Failure to supervise; Breach of contract; Misrepresentations/omissions; Unauthorized trading; Excessive trading; Churning Unspecified securities Compensatory damages in the amount of $200,000.00; punitive damages in the amount of $200,000.00 Compensatory damages in the amount of $120,000.00 Indemnity from Epic, attorneys’ fees, and any further relief the Panel deems just and proper Edith M. Novack Thomas M. Crawford (P); Natiian J. Minucci (NP) Mixed
09-07204 12/24/2009 9/15/2011 Claims dismissed; $3,150.00 in fees charged to claimant Mai B. Klein Morgan Keegan & Company, Inc.; Edward M. Rosenberg; Robert D. Rosenberg; Jesup & Lamont Securities Corp.; Sterne Agee Financial Services, Inc.; Intersecurities, Inc.; Empire Financial Group, Inc. Tampa, Florida Robert C. Stokes, III Clinton J. Simpson; Todd A. Zuckerbrod; Latanishia D. Watters; Todd A. Zuckerbrod; Marc S. Dobin; Brendan Lee Negligence; Gross negligence; Fraud; breach of fiduciary duty; breach of contract; Churning; Negligent hiring and retention; Failure to supervise; Violation of numerous state and federal investment and elder law statutes Securities including, but not limited to: AIM Premier Equity Fund; MPS Strategic Growth Fund; Oppenheimer MainStreet Growth Fund; Seligman Communications and Information Fund; Hartford Capital Appreciation Fund; American Balanced Fund; Federated Kaufman Fund; Han/est Natural Resources; Sun America Season Select II annuity. Compensatory damages of $100,000.00 Claims dismissed; $3,150.00 in fees charged to claimant Interest; Costs; Punitive damages; Maurice M. Feller (P) n/a Public
10-00119 1/5/2010 9/19/2011 In favor of Claimant; compensatory damages in the amount of $190,000.00 Delana Blake Morgan Stanley & Co. Incorporated; Morgan Stanley Smith Barney; Ryan Hamm Birmingham, Alabama J. Gusty Yearout; Jason L. Yearout Brian C. Hale Breach of fiduciary duty; Fraud and suppression; Breach of contract; Negligence and/or wantonness; Unsuitability Unspecified money market accounts Compensatory damages in the amount of $356,703.00 Compensatory damages in the amount of $190,000.00 Interest in the amount of $98,284.00; emotional harm damages in the amount of $250,000.00; Punitive damages in the amount of $250,000.00; Attorney’s fees in the amount of $381,995.00; Other costs Donald Helton Debra Leo Black (P); Larae Payne Kennedy (NP) Mixed
10-00254 1/15/2010 9/20/2011 Claims dismissed Thomas Gannon, IRA Morgan Stanley Smith Barney; Joseph J. Molinero Pittsburgh, Pennsylvania Scott D. Livingston; Dana L. Munhall Bruce Lewitas; Douglas W. Hyman Breach of contract; Misrepresentation; Mismanagement; Negligent handling of Claimant’s financial investments Davis NY Venture Fund; Henderson Global Investors International Opportunities Fund; Fidelity Advisor New Insight, Lord Abbett Affiliated Fund; PowerShares Preferred Portfolio; Vanguard REIT ETF; iShares iBoxx Investment Grade Corporate Bond Fund; iShares Lehman TIPS Bond Fund; iShares Lehman TIPS Bond Fund; iShares Lehman 1-3 Year Treasury Bond Fund; Oppenheimer Senior Floating Rate Fund; Oppenheimer international Bond Fund; Eaton Vance Income Fund of Boston; PIMCO Commodity Real Return Strategy Fund Actual/Compensatory Damages $395,366.00 Respondent shall pay $150.00 as reimbursement of one-half of the non-refundable portion of Claimant’s FINRA filing fee Interest $53,374.41 + 65.89/day; Attorneys’ Fees $18,399.50 + contingency; Other Costs $37,002.61 Jeffery M. Bain Steven P. Franckhauser (P); Max D. Halpem (NP) Mixed
10-00278 1/12/2010 9/14/2011 In favor of Claimant; $92,400.00 in compensatory damages; Interest in the amount of $45,045.00; $35,000.00 in attorneys’ fees Mary Wynns; Richard Wynns Citigroup Global Markets, Inc.; Morgan Stanley Smith Barney; John Gellasch Southfield, Michigan Philip Matthews Thomas R. Cox; Alejandro Schwed Violations of § 10 of the Securities Exchange Act of 1934 (15 U.S.C. § 78j) and Rule 10B-5 promulgated thereunder; Fraud; Innocent misrepresentation; Silent fraud; Breach of contract; Promissory estoppel; Breach of fiduciary duty; Violation of Michigan Consumer Protection Act MCL § 445.901 et. seq.; Violation of Michigan’s Uniform Securities Act of 1964, MCL § 451.510 et seq.; Negligent misrepresentation. MetLife Flexible Premium Variable Life Insurance Policy Actual/Compensatory Damages $241,000.00; Exemplary/Punitive Damages $125,000.00 $92,400.00 in compensatory damages; Interest in the amount of $45,045.00; $35,000.00 in attorneys’ fees Unspecified Patrick R. Sughroue Terrance J. Dorcy (P); Bruce F. Coleman (NP) Mixed
10-00408 1/26/2010 9/27/2011 Claims dismissed Robert C. Bryan UBS Financial Services, Inc.; Steven John Trinkala (Third Party Respondent) Pittsburgh, Pennsylvania Anthony Cillo Angela A. Turiano; Foster S. Goldman Breach of fiduciary duty; Negligence; Misrepresentation; Breach of duty of good faith and fair dealing; Promissory estoppel; Detrimental reliance; Conversion Several UBS private equity funds; UBS WP X Access Fund, LLC; UBS Carlyle Fund, LLC Damages of $2,396,000, plus prejudgment interest; Punitive damages Claims Dismissed Unspecified Richard W. Dissen Kathleen K. Murphy (P); Albert Joseph Boucek (NP) Mixed
10-00674 2/11/2010 9/29/2011 Claims dismissed The Core Fund Morgan Stanley & Co., Incorporated Tampa, Florida Thomas Dahik Bradford D. Kaufman Misrepresentation; Suitability; Violation of the Florida Securities Act; Violation of §10(b) of the Securities Exchange Act of 1934 Student loan auction rate securities (“SLARS”), including but not limited to, SLARS issued by NextStudent Master Trust and the Pennsylvania Higher Education Assistance Agency Compensatory damages in the amount of $9,339,287.00 Claims dismissed Unspecified Maurice M. Feller Gordon R. Bowker (P); Andrew Karay (NP) Mixed
10-00721 2/12/2010 9/19/2011 Claims denied Ron Barry; Susan Barry Charles Schwab & Co., Inc.; Kenneth Sean Lynn New York, New York Fred S. Clark Sean B. Meehan Negligence; Breach of fiduciary duty; Failure to supervise; Misrepresentation and omissions; Fraud; Unsuitability; Violation of FINRA and NYSE rules; Violation of Section 10b and Rule 10b-5 of the 1934 Securities Exchange Act Unspecified Claimants requested $56,591.60 in actual damages; $11,730.35 in lost potential interest; Punitive damages in the amount of $1,000,000.00; Attorneys’ fees; Costs Claims denied Unspecified Leah R. Marks Richard Weinberger (P); Stephen J. Storen (NP) Mixed
10-00781 2/17/2010 9/7/2011 Claims withdrawn/ dismissed Alice M. Youngblood Fidelity Brokerage Services, LLC; Patrick Hynes Houston, Texas Scott D. Ellis Paul M. Tyrrell Misrepresentation and omission of material facts; Unsuitable recommendations; Breach of fiduciary duty; Common law fraud; Common law negligence; Agency liability; Failure to reasonably supervise Unspecified Portfolio Invesments Actual/Compensatory Damages $1,133,995.00; Exemplary/Punitive Damages $200,000.00 Claims Dismissed Unspecified interest; Attorney’s fees; other costs Michael S. Wilk Michael L. Landrum (P); Jonathan Burke Rada (NP) Mixed
10-00899 2/23/2010 9/20/2011 Claims withdrawn/ dismissed Michael M. Rink and Lorrie L. Rink PrimeVest Financial Services, Inc.; Lisa Jo Stover Indianapolis, Indiana Mark E. Maddox David Williams Russell Unsuitability; Failure to supervise; Breach of contract; Violations of federal and state securities law Real Estate Investment Trust Actual/Compensatory Damages $500,000.00 Claims Dismissed Unspecified Exemplary/Punitive Damages; Interest; Attorneys’ fees; Other costs Tim V. Young John L. Krauss (P); James A. Morrow (NP) Mixed
10-01143 3/8/2010 9/22/2011 In favor of Claimant; $109,000.00, unspecified, pre and post judgment interest excluded Gerald L. Smolensky Neuberger Berman, LLC Tampa, Florida Eliot Goldstein David G. Russell and Adam Marlowe Misrepresentation; Failure to supervise; Breach of contract; Fraud; Breach of duties; Violation of FINRA conduct rules; Vicarious liability; Violation of the Consumer Protection Act Liberty View Plus Fund, Class B Rescissiory or compensatory damages of $1,000,000.00 $109,000.00, unspecified, pre and post judgment interest excluded Pre-judgment interest; Punitive damages; Attorneys’ fees; Costs; Forum fees; Other relief as the Panel deems equitable Elwin Lawrence Saviet Gary L. Hodge (P); Robert J. Morris (NP) Mixed
10-01320 3/15/2010 9/2/2011 Claims dismissed Cari F. Neuss, Individually and as Trustee of the Neuss Family Trust, Prairiestone Investment Trust, One Westheimer Investors, Ltd. DBPP and Pacific Venture Associates, Inc. DBPP and on behalf of the Cart F. Neuss IRA; Cari F. Neuss Beneficiary IRA; Hitching Rail Investors, LLC; Pacific Ventures Associates, Inc.; Pacific Ventures Associates, Inc. 401 (K) and as Custodian for the Caria Neuss UTMA; Alex Neuss UTMA; Rebecca Neuss UTMA; Elaine P. Neuss, Individually and as Trustee of the Neuss Family Trust and Pacific Venture Associates, Inc. DBPP and on behalf of the Elaine P. Neuss IRA; and Caria Neuss Wells Fargo Investments, LLC; Matthew Francis Healy; John Samuel Milia; Michael Clarice Gates; John Robison Evans Los Angeles, Califomia Martin B. Greenbaum; Ron Miller G. Thomas Fleming, III; Violations of NASD Rule 2310; Violations of NYSE Rule 405; Diversification; Loss management; Negligence; Breach of fiduciary duty; Tort claims; Contract claims; Misrepresentation; Failure to supervise Annuity accounts Recovery of out-of-pocket losses of $2,108,000.00 Claims dismissed Disgorgement of Respondents’ revenue; Attorneys’ fees pursuant to agreement or statute if allowed by law; Expert and consulting fees incurred in the recovery of Claimants’ damages; Costs incurred in the recovery of Claimants’ damages; Exemplary damages; Other and further relief as the Panel deems just and proper Robert C. Albini Robert D. Sussin (P); Katharine Reed Coleman (NP) Mixed
10-01604 3/31/2010 9/1/2011 Claims are denied Connie Mage Merrill Lynch, Pierce, Fenner & Smith Inc.; Larry Thorne James Raleigh, North Carolina Steven M. Virgil; Scott J. McCormIck Andrea Morgan Greene; Kathryn Dietrich Perreault Misrepresentations; Breach of fiduciary duty; Negligence; Vicarious liability Unspecified variable annuity Claimant requested compensatory damages in an amount between $5,000.00 and in excess of $100,000.00 Claims are denied n/a Carl F. Bowmer n/a Sole public arbitrator
10-01871 4/20/2010 9/29/2011 In favor of Claimant; Compensatory damages in the amount of $81,606.60 and punitive damages Gordon H. Sympson, Jr., individually and o/b/o Gordon Sympson and Associates Morgan Keegan & Company, Inc. Nashville, Tennessee Adolfo J. Anzola; Michael P. Amad George C. Freeman, III; Jamie L. Berger Misrepresentations and omissions; Breach of fiduciary duty; VIolation of FINRA Conduct Rules; Negligence; Failure of supervision; Breach of contract; Fraudulent misrepresentation; VIcarious liability RMK High Income Fund; RMK Strategic Income Fund; RMK Advantage Income Fund; RMK Multi-Sector High Income Fund; RMK Select Intermediate Bond Fund – A Compensatory damages in the amount of $81,606.60 and punitive damages Compensatory damages in the amount of $8,161.00, pre-judgment interest specifically excluded; $225.00, represenfing the non-refundable portion of the claim filing fee n/a James Ashe n/a Sole public arbitrator
10-01999 4/23/2010 9/22/2011 In favor of Claimant; Compensatory damages in the amount of $247,000.00 plus interest at the Florida prevailing rate Mary Frances Pitman Brenda Dupuis; United Equity Securities, LLC Tampa, Florida Jahan K. Manasseh William B. Park Unsuitability; Misrepresentations and omissions; Breach of fiduciary duty; Breach of contract; Failure to supervise; Negligence and gross negligence (FL Stat. 768.72); Violation of federal securities laws; Violation of NYSE rules; Violation of NASD rules; Violation of FINRA rules Shares of Shale Royalties 14, Inc.; Units of General and Limited Partner Interests issued by Layton Energy Wharton, LP Claimant requested compensatory damages in the amount of $247,000.00 Compensatory damages in the amount of $247,000.00 plus interest at the Florida prevailing rate n/a Frank Brenner George Felos (P); Jason D. White (NP) Mixed
10-02204 5/4/2010 9/21/2011 Claims denied Charles Miller and Debra Miller, Individually and as Trustees for the Miller Family Trust Edward Jones; Aldo Michael Ciuffetelli Seattle, Washington Patrick C. Quinlivan Dennis J. Capriglione Breach of contract; Fraud; Negligent misrepresentation; Unfair business practices; Unjust enrichment; Negligence; Intentional infliction of emotional distress; Negligent infliction of emotional distress; Breach of fiduciary duty Money market account unspecified Claims denied unspecified Frederic E. Dorkin John A. Bender. Jr. (P); James K. Barbee (NP) Mixed
10-02338 5/14/2010 9/2/2011 In favor of Claimant; $50,000.00 in compensatory damages Stephen F. Rowland, Jr. Merrill Lynch, Pierce, Fenner & Smith, Inc. Minneapolis, Minnesota Christopher W. Madel; Amy E. Slusser Bryan I. Reyhani Breach of contract; Negligent misrepresentation; Intentional misrepresentation; Violation of promise of good faith and fair dealing Various variable prepaid forward contracts (“VPFC”) Actual/Compensatory Damages $6,400,000.00; Exemplary/Punitive Damages Unspecified $50,000.00 in compensatory damages. Interest $2,000,000.00; Attorneys’ Fees Unspecified; Other Costs Unspecified; Other Monetary Relief (IRS Penalties) $500,000.00; Other Monetary Relief (Share Price Damages) $10,000,000.00 Joan L. Volz JD Haas (P); Edward C. Oliver (NP) Mixed
10-02365 5/17/2010 9/26/2011 In favor of Claimant; $100,000.00 in compensatory damages; $33,333.33 in attorneys’ fees Greg Lapine on behalf of Patty L. Lapine irrevocable Life insurance Trust Select Portfolio Management, Inc.; Paul Edward Bozymowski; Mark Edward Goldsmith; Securities Equity Group; Carin Ruth Amaradio Detroit, Michigan Frank T. Aieilo Brian J. Masternak; Miles D. Hart Negligence; Breach of fiduciary duty Patty Lapine’s life insurance policy Actual/Compensatory Damages $300,000.00; Exemplary/Punitive Damages $300,000.00 $100,000.00 in compensatory damages; the sum of $33,333.33 in attorneys’ fees unspecified Thomas Anthony Van Tiem. Sr. Seth H. Barsky (P); Richard C. VandenBrul (NP) Mixed
10-02529 5/24/2010 9/15/2011 Claims denied Robert P. Jones; Vera Le Jeanne Jones Merrill Lynch, Pierce, Fenner & Smith Inc. Boise, Idaho David Gaba Eric J. Glassman Violation of securities regulatory requirements; Breach of contract; Breach of fiduciary duties; Violation of the Idaho Securities Act; Negligence; Breach of duty of reasonable care; Negligent failure to disclose material information; Biolation of the Idaho Consumer Protection Act US Bank stock on margin Actual and Recessionary damages for losses to their investments; Punitive damages in the amount of $15,000.00 as provided by the Idaho Consumer Protection Act Claims denied unspecified Nancy E. Hochman Gregory N. Smith (P); Clifford N. Coury (NP) Mixed
10-02592 6/2/2010 9/26/2011 Claims settled; Claims dismissed June F. Shore, in her personal capacity and as Trustee of The June F. Shore Living Trust and Trustee of the June F. Shore IRA, FBO June F. Shore Chauner Securities, Inc.; Gary P. Gardner; Life Wealth Advisors, Inc. San Francisco, California Thomas M. Campbell Kevin H. Lewis Financial advisor did not act in their client’s best interests; Unsuitable securities; Failure to supervise Investment Account Actual damages not less than $1,000,000.00; Treble the amount of damages demonstrated at the hearing, plus attorneys fees and costs Settlement; Claims Dismissed Unspecified William Ziering Thomas C. McNally, III (P); John B. Weingart (NP) Mixed
10-02604 6/10/2010 9/9/2011 In favor of Claimant; Compensatory damages of $33,831.00; Statutory prejudgment interest of 6%; Reimbursement of expert witness costs of $3,750.00; reimbursement of Claimant’s’ filing fee of $150.00 Steven Russell; Ronni Pitiger; Both as Trustees of the David N. Russell 2000 Trust Morgan Stanley Smith Barney, LLC Boca Raton, Florida Lars K. Soreide Timothy B. Atkins Negligence; Breach of Fiduciary Duty; Negligent Supervision David N. Russell 2000 Trust Compensatory Damages of $33,000.00; Interest; Costs; Further relief as deemed just and proper Compensatory damages of $33,831.00; Statutory prejudgment interest of 6%; Reimbursement of expert witness costs of $3,750.00; Reimbursement of Claimant’s’ filing fee of $150.00 Unspecified - Steven N. Ainbinder (P) Sole public arbitrator
10-02745 6/9/2010 9/20/2011 Claims settled Joe Scolet, Ingrid Scolet, Services on the Move Edward Jones Boise, Idaho Christopher P. Porter Cara L. Finan Breach of contract and warranties, promissory estoppel; Violation of state securities statutes; Claims under common law; Vicarious liability Various funds, including but not limited to; Capital Income Builder Fund; Capital World Growth and Income Fund; Income Fund of America; Investment Company of America Requested an award between $100,000.00 and $500,000.00, including all direct and/or consequential damages and statutory and/or punitive damages; plus interest and costs Settlement; Claims Dismissed Unspecified Nina Vellion (P) Richard J. Lawrence (P); Harry L. Striplin (NP) Mixed
10-02838 6/11/2010 9/9/2011 In favor of Claimant Virginia Cooley-Linder; Cooley-Linder Retail Property, LLC; Cooley-Linder’s French quarter, LLC; Darrell F. Linder; Virginia C. Linder & Darrell F. Linder, LLC Capwest Securities, LLC; Workman Securities Corporation; Larry Ivan Behrends Denver, Colorado Richard A. Nervig; A. Thomas Tenenbaum Orly Davidi, Christopher P. Parrington Breach of fiduciary duty; Fraud; Violation of the Colorado Securities Act; Violation of Texas Securities Act; Negligence Investments in MedCap Financial Corp. VI; South Salem Retail Property; DBSI Corporate Center III; Wichita Falls Apartments; French Quarter Apartments Statutory rescission of investments or alternatively all damages incurred in amount no less than $623,560.53; Interest; costs; Attorneys’ fees; Punitive damages $285,485.96 in compensatory damages; $56,778.08 in additional compensatory damages; $500,000.00 in punitive damages for egregious violations of state and federal securities laws; $12,000.00 in attorneys’ fees Unspecified Avery B. Goodman William Louis Anthes (P); Timothy E. Taggart (NP) Mixed
10-02877 6/18/2010 9/2/2011 In favor of Claimant; $135,846.00 compensatory damages; $10,000.00 in costs; $300.00 filing fee Henry and Augusta R. Feinstein; Augusta R. Feinstein Rollover IRA; Henry Feinstein Roth IRA Account Morgan Keegan & Company, Inc. Phoenix, Arizona Howard B. Prossnitz Stephen H. Kupperman; Jamie L Berger Violation of Arizona Securities Act; Violation of Rule 10b-5 of the Securities Act of 1934 RMK High Income Fund; RMK Strategic Income Fund; RMK Multi-Sector High Income Fund bond funds Award of at least $200,000.00; Pre-judgment statutory interest; Costs; Attorneys’ fees. $135,846.00 compensatory damages; $10,000.00 in costs; $300.00 filing fee Unspecified Richard D. Fincher Loren Scott Buell (P); Paul D. Butt (NP) Mixed
10-02949 6/22/2010 9/12/2011 Claims settled; Claims dismissed; Settlement in the amount of $37,500.00; Claims Dismissed as False Eugene Russo; Mary Cammarano Ameriprise Financial Services New York, New York Benjamin Lapin Michael J. Zaretsky Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; False and misleading statements; Negligent supervision; Violation of FINRA rules; Respondent superior Legg Mason Fund $160,000.00 in compensatory damages Settlement in the amount of $37,500.00; Claims Dismissed as False Unspecified Leona Beane David J. Weisenfeid (PA); Harold G. Strafford, Jr. (NP) Mixed
10-03018 6/29/2010 9/24/2011 Claims settled M. Douglas Gill SunTrust Investment Services, Inc.; Jerry W. Smith; Deborah K. Tumley Raleigh, North Carolina William B. L. Little Erica T. Meyers; Camden Webb Common law fraud; Common law constructive fraud; Breach of fiduciary duty; Negligence; Gross negligence; Common law negligent misrepresentation; Breach of contract; Failure to supervise; Violation of the anti-fraud provisions of North Carolina investment advisors act; Violation of certain anti-fraud provisions of the federal 1934 Securities Exchange Act; Federal and state control person liability Income Allocation Closed-End Portfolio, March 2007 Series $50,000.00 inclusive of compensatory damages, attorneys’ fees and punitive damages Claims settled for unspecified amount Unspecified - Sharan A. McCloskey (PA) Sole public arbitrator
10-03166 7/6/2010 9/23/2011 Claims settled Diane Speight Clinton as Personal Representative of the Estate of Ruth T. Speight Wells Fargo Advisors Financial Network, LLC; Wachovia Securities Financial Network, LLC; Linden Thomas & Co d/b/a Linden Thomas Premier Asset Management and Consulting; Stephen Linden Thomas Charlotte, North Carolina John B. Veach; Johanna S. Fowler Benjamin J. Biard Failure to supervise; Unsuitable transactions; Failure to disclose material facts; Failure to communicate; Common law fraud; Negligence; Reckless and negligent advice; Breach of fiduciary duty; Violations of state and federal securities laws; Violation of the common law of North Carolina Purchase of numerous securities for Claimant’s account including but not limited to: Bank of America; Barclays Bank; Fannie Mae; Freddie Mac; Royal Bank of Scotland; Wells Fargo; Goldman Sachs Preferred; Deutsch Bank Preferred $168,000.00 in compensatory damages Settlement; Expungement possible since claims are deemed to be false Interest; Attorneys’ fees; Costs; Rescission Lynne Townsend Albert Rudolph Andrew Bata, Jr (PA); William W. Marchant, Jr. (NP) Mixed
10-03492 7/27/2010 9/15/2011 In favor of Claimant; Compensatory damages of $115,000.00 plus interest; Sanctions of $1,745.50, representing attorneys’ fees, costs and expenses Avis E. Wyland Gerald Crisman DeWitt; Ban of the James Financial Group, Inc.; Community Bankers Securities, LLC; Waterford Investor Services, Inc. Richmond, Virginia Edward B. Lowry Francis H. Casola; Steven S. Biss; John M. Perry, Jr. Misrepresentation and omission/securities fraud; Negligence; breach of contract; Unsuitability; Breach of fiduciary duty; Failure to supervise; Violation of §13.1-502 of the Code of Virginia; Vicarious liability Unspecified Compensatory damages of not less than $137,300.00; Interest at the rate of 6%; Attorney’s fees of $45,721.50; Expenses in the amount of $2,301.83; Punitive damages of $100.000.00; Sanctions awarded and not yet paid of $1,745.50 Compensatory damages of $115,000.00 plus interest; Sanctions of $1,745.50, representing attorneys’ fees, costs and expenses Unspecified Stuart Dunn Dawn DeHart (PA); Pauline Rosenstein (NP) Mixed
10-03612 8/12/2010 8/25/2011 In favor of Claimant; Compensatory damages of $65,342.30; Post-award interest of 9%; $300.00 reimbursement of filing fee Ronald Tranquillo HSBC Securities New York, New York Theodore M. Davis Paul K. Stecker; Meredith Friedman Breach of contract; Breach of fiduciary duty; Failure to supervise; Negligence; Unsuitability; Respondent superior; Failure to follow instructions HSBC Spectrum Account Compensatory damages of $261,000.00 Compensatory damages of $65,342.30; Post-award interest of 9% per annum accruing from 30 days after award is served; $300.00 reimbursement of filing fee Interest; Costs; Attorneys’ fees Stephen T. Rodriguez Stuart M. Schwartz (PA); Suzanne E. Reynolds-Brady (NP) Mixed
10-03635 8/10/2010 9/28/2011 In favor of Claimant; Compensatory damages of $10,000.00 Marcella Wall Janney Montgomery Scott LLC; Paul Hagerty; Jonathon Leise Philadelphia, Pennsylvania Byron L. Milner Christine M. Debevec Suitability; Unauthorized trading; Switching mutual funds; Misrepresentation and failure to disclose; Charging excessive fees and commissions; Violation of obligations to senior investor; Negligence; Intentional misconduct; Gross negligence Unspecified Compensatory damages of $250,000.00; Punitive damages of $249,000.00 Janney Montgomery is liable and shall pay compensatory damages of $10,000.00; Panel recommends expungmenet of reference to Jonathan Leise and Paul Hagerty Attorneys’ fees; Forum Fees; Witness fees; Production fees Guillermo L. Bosch Julie K. Chapin (PA); Carla Jeanette Fisher (NP) Mixed
10-03674 8/12/2010 9/16/2011 Claims denied; Claims dismissed; Adolph J. Hozempa; Mary A. Hozempa Wachovia Securities, LLC; Kevin James Coyne Pittsburgh, Pennsylvania Robert M. Kramer James W. Kraus Fraud; misrepresentation; professional negligence; breach of fiduciary duties; breach of contract; breach of duty of good faith and fair dealing; respondent superior; vicarious liability; violations of Securities Act of 1933; violations of Securities Act of 1934; violation of the Pennsylvania Securities Act of 1972; violations of the Pennsylvania Unfair Trade Practices and Consumer Protection Law. Freddie Mac preferred stock; Fannie Mae preferred stock Compensatory damages of $233,004.36; Punitive damages of $699,013.08 Claim denied and dismissed with prejudice Unspecified Gregory P. Szuter James J. Puhala (PA); William R. Gruver (NP) Mixed
10-03837 8/27/2010 9/12/2011 Claims denied The Richard Steinberg Living Trust UBS Financial Services Inc. New York, New York David E. Bamberger David G. Smitham Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing, Negligent supervision; Breach of conduct; Violations of Section 20 of the Securities Exchange Act of 1934; Respondeat superior Unspecified proprietary mutual funds Compensatory damages in the amount of $185,000.00 plus interest Claimant’s claims were denied in their entirety unspecified Alun H. Jones Ivan W. Harpe (P); Kinchen C. Bizzell (NP) Mixed
10-04120 9/10/2010 9/9/2011 In favor of Claimant; $24,920.98 in compensatory damages; $7,750.00 in attorneys’ fees Mary Pihiak Edward Jones Dallas, Texas James W. George Dennis J. Capriglione Negligence; Breach of contract; Breach of fiduciary duty Unspecified Actual/Compensatory Damages $24,920.98 $24,920.98 in compensatory damages; $7,750.00 in attorneys’ fees Attorneys’ Fees $7,750.00 Robert L. Yeager, III N/A N/A
10-04129 9/8/2010 9/9/2011 Claims dismissed Nua Shala; ARI International, Inc.; ORA Business Services, Inc. Merrill Lynch, Pierce Fanner & Smith, Inc.; Robert Scott Silva New York, New York Howard M. Rosenfield Matthew 0. Applebaum Violation of state securities law; Violation of federal law; Negligence; Breach of fiduciary duty; Fraud; Misrepresentation; Violation of industry rules; Violation of industry regulations; Breach of contract; Failure to supervise Unspecified securities Compensatory damages in the amount of $12,500,000.00 Claims dismissed Attorneys’ fees; Forum fees; Interest; Punitive damages Lincoln W. Craighead Vicki Z. Holleman (P); Judith Fields Jurney (NP) Mixed
10-04646 10/13/2010 9/8/2011 In favor of Claimant; Compensatory damages of $21,106.87; Interest of $2,081.18 Ruth H. Kosco Morgan Stanley Smith Barney; John Marc Hebert Phoenix, Arizona John A. Titus Kart L. Marquardt Arizona securities fraud – misrepresentations and omissions; Negligence and lack of suitability; Breach of fiduciary duty; Breach of trust, and breach of agency; Negligent supervision; Control person liability; Constructive fraud; Consumer fraud – A.R.S. §§ 44-1521 et. seq; Negligent misrepresentation; Arizona Investment Advisors Act; Elder abuse Various equities funds; Various income funds $135,000.00 in compensatory damages Compensatory damages in the amount of $21,106.87; Interest of $2,081.18 $45,000.00 in attorneys’ fees Jerry H. Friedland Robert S. Mautner (P); Jeffrey Chartes Evanello (NP) Mixed
10-04673 10/18/2010 9/16/2011 In favor of Claimant; Compensatory damages of $896,527.00; Interest in the amount of $228,614.00 Bruce D. Angiolillo; Carol Angiolillo Neuberger Bennan, LLC New York, New York Mitchell Berns David G. Russell Breach of fiduciary duty; Failure to replace equities with debt investments as promised; Mishandling of account Unspecified securities Compensatory Damages $2,000,000.00 $896,527.00 compensatory; Interest in the amount of $228,614.00 Other Monetary $54,779.00 ZuhayrA. MoghrabI Susan Miito Richmond (P); Erica Bunin (NP) Mixed
10-04690 10/15/2010 9/30/2011 Claims dismissed Margaret R. Marshall; William P. Marshall UBS Financial Services Inc.; Kyle S. Luthy Birmingham, Alabama Pro se Tracey Salmon-Smith; Scott A. Miniter Unauthorized trading; Unauthorized transactions; Failure to follow instructions Mutual fund accounts Compensatory damages of $51,054.14 Not liable on all of Claimants’ claims for relief Unspecified attorneys’ fees Earle J. Schwarz n/a Sole public arbitrator
10-05023 11/1/2010 9/15/2011 In favor of Claimant; $42,477.00 in compensatory damages; Post-judgment
interest on $42,477.00
Danrell Huston Centaurus Financial, Inc.; Valentino Michael Scott Los Angeles, California William F. Davis Dave Lenny Misrepresentation; Omission of fact; Unsuitability; Elder abuse under §15610.30 of the California Welfare and Institutions Code Golden American Life Insurance Company annuity contracts $129,000.00 in unspecified damages $42,477.00 in compensatory damages; Post-judgment
interest on tiie amount of $42,477.00
Unspecified damages Kirtley M. Thiesmeyer Barbara M. Zak (P); John Alen DeRosa (NP) Mixed
10-05028 11/3/2010 9/29/2011 Claims denied The William Dale Kelly and Joan Hull Trust Investment Security Corporation; Lawrence Benjamin Miller San Francisco, California Benjamin Lapin Lee David Lubin Excessive and unsuitable investment in a private placement; False and misleading statements; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; Negligent supervision; Breach of conduct and violations of section 20 of the 1934 Act; Respondeat superior Private placement named Canyon Creek Financial, LLC/Cottonwood Senior Living Property, LP $373,500.00 in unspecified damages Claims denied n/a Ferdinand Schoch Gary S. DeWeese (P); Richard Allen Ullman (NP) Mixed
10-05524 12/3/2010 8/26/2011 In favor of Claimant; Compensatory damages in the amount of $12,371.00 Lou-Ellen Robbins Wedbush Securities, Inc.; First Wall Street Corp.; John Scott Alling n/a Lou-Ellen Robbins, Pro Se Charles LaChaussee; Arthur S. Leider; John Scott Alling, Pro Se Respondeat superior; Breach of fiduciary duty; Failure to supervise; Misrepresentation; Violation of FINRA rule on suitability; Breach of contract Various securities, including Franklin Templeton Growth and Income mutual fund $25,000.00 in unspecified damages $12,371 n/a Milton N. Gross n/a Sole public arbitrator
10-05785 12/21/2010 9/29/2011 Claims denied; Claims dismissed Orval L. Beckmon TD Ameritrade, Inc.; TD Ameritrade Clearing, Inc. Wichita, Kansas Barry D. Estell James J. Vihstadt Breach of fiduciary duty; Breach of contract; Violation of NASD Rules; Negligence; Violation of the Kansas Securities Act; Violation of the Kansas Consumer Protection Act; Failure to supervise; Claimant alleges Respondents forged option approval documents; Claimant alleges Respondents induced claimant to trade unspecified options with the offer of “free” trades Unspecified Options Actual/Compensatory Damages of $477,680.00; Double Damages of 477,680.00 Claims denied Attorney’s fees of $318,480.00 James A. Hayes John James Rubin (PA); Wilburta Ann Willey (PA) Public
11-00018 12/29/2010 9/13/2011 Claims denied Jan E. Harris-Kimball; Jan E. Harris-Kimball ROTH IRA; Jan E. Harris-Kimball Traditional IRA Scottrade Inc. n/a Jan E. Harris-Kimball, Pro Se Niels P. Murphy Breach of contract Bancorp International Group, Inc. Cmmon Shares $12,000.00 Claims denied n/a Katherine H. O’Neil n/a Sole public arbitrator
11-00280 1/19/2011 9/23/2011 Claims denied Robert V. Blakey Morgan Keegan & Company, Inc. n/a Michael P. Denver Peter Boutin Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violation of Securities Regulatory Rules; Violation of California Corporate Securities Law of 1968; Intentional and negligent misrepresentation of material facts; Wrongful self-dealing actions; Breach of duty of good faith and fair dealing; Negligence; Failure to properly execute duties RMK Advantage Income Fund; RMA $25,000.00 Claims denied n/a Michael Lancaster Garcia n/a Sole public arbitrator
11-00935 3/1/2011 9/29/2011 In favor of Claimant; Compensatory damages of $312.25, with an interest rate of eight percent per annum; costs in the amount of $200.00 Royce Moser, Jr.; Lois H. Moser E*Trade Financial n/a Royce Moser, Jr., Pro Se; Lois H. Moser, Pro Se Meredith A. Felde Claimants alleged a monetary loss as a result of Respondent’s failure to appropriately advise them of an increase in the account minimum balance Unspecified $312.00 $312.25, with interest at the rate of eight percent per annum from March 20, 2009 until the date of award n/a Bruce Brown n/a Sole public arbitrator
11-01093 3/16/2011 9/12/2011 Claims denied Sheryl Mead Raymond James & Associates, Inc. n/a Herbert E. Pounds, Jr Kelli Bullington Breach of contract; Breach of Warranties; Promissory estoppel; Fraud; Breach of fidcuiary duty; Negligence Jackson National Perspective II; GE Life and Annuity Retirement Answer variable annuities $25,000.00; Pre and post-award interest Claims denied n/a Lynne M. Gomez n/a Sole public arbitrator
11-01149 3/22/2011 9/1/2011 In favor of Claimants; $500.00 in compensatory damages; Respondent shall pay all costs and fees of the proceedings Fred W. Holczer Wells Fargo Investments, LLC n/a Fred W. Holczer, Pro Se Thomas F. Kopshever Claimant alleged a monetary loss due to Respondent’s failure to follow his instructions to deposit funds in his mutual fund account WBCAX shares Claim of $10,818.00; Punitive damages of $10,000.00; Costs of $425.00 Award of $500.00 in compensatory damages; Respondent shall pay all costs and fees of the proceedings; Respondent is liable and at fault for not responding to Claimant’s letter and request, but its negligence did not proximately cause the Claimant to incur substantial damages n/a Mitchell B. Goldberg n/a Sole public arbitrator
11-01367 3/30/2011 9/27/2011 Claims denied Divine Swine Catering, Inc. Donald Rosen; Waddell & Reed, Inc. n/a Dale Vaillancourt Carrie J. Bechtold Claimant alleged a monetary loss resulting from an IRS audit and the advice received from Respondents n/a Claim of $10,800.00; Punitive damages of $14,200.00 Claimant costs in the amount of $212.50 to reimburse Claimant for one-half of the filing fee previously paid to FINRA Attorneys’ Fees; Unspecified Costs; Specific Performance; Indemnification for future audits as well as the completed audit James A. Lundberg n/a Sole public arbitrator
07-02030 7/9/2007 10/11/2011 Claims denied Scott I. Johnson Wachovia Securities, LLC; Buddie C. Ballard, Jr. Dallas, Texas Joseph F. Myers, Esq. Deirdre Wolff, Esq.; Demian Betz, Esq. (Wachovia Securities, LLC); Hamilton Rial, Esq. (Buddie C. Ballard, Jr.) First Union Securities never even looked at Claimant’s account, much less reviewed it; Claimant’s total discretionary account was overly concentrated in outlandish markcet risk tech stocks and, at times, heavily margined; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2520 of the Conduct Rules of the NASD; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2330(c) of the Conduct Rules of the NASD; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2341 of the Conduct Rules of the NASD; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2310 of the Conduct Rules of the NASD; Respondents consistently over weighted the claimant’s account in individual securities in direct violation of the investment policy that Claimant and Respondents had agreed to; Respondents assumed a riskier posture than that prescribed in the Associated Investment Policy Statement; Claimant was charged excessively high professional fees for services that were manifestly deficient; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2510 of the Conduct Rules of the NASD; Respondents’ conduct constituted a willful and/or intentional violation of Rule 2510(c) of the Conduct Rules of the NASD; Respondents’ conduct constituted a willful and/or intentional violation of Rule 3010 of the Conduct Rules of the NASD; violation of a written and contractual fiduciary duty to Claimant; breach of contract and fiduciary duty under the laws of the State of Texas; Respondents’ conduct constituted a
violation of Rule 2330(e) of the Conduct Rules of the NASD; lack of supervision
Private Investment Management account $222,000.00 (compensatory) n/a Interest; Reasonable attorneys’ fees and expert fees; Disgorgement of margin interest and excessive fees; Tax losses due to improper account management Louis J. Weber, Jr. (P) Priscilla Kim Park, J.D. (P);
Carleton E. Blankenburg, J.D. (NP)
Mixed
08-03548 10/1/2008 10/7/2011 Claims dismissed Ygondine W. Studivant; Mike P. Studivant; Nancy Studivant Morgan Keegan & Company, Inc. Jackson, Mississippi Dale Ledbetter, Esq.; Kirk
Reasonover, Esq.
Christopher G. Lazarini, Esq.; Michael A. Brady, Esq.; William G. Whitman, Esq. Misrepresentations and omissions; Breach of fiduciary duty; Unsuitability; Negligence; Failure to supervise; Breach of contract; Vicarious liability; Violation of FINRA Rules RMK $5,101,408.00 (trading loss); $3,050,000.00 (net loss); $3,750,000.00 (market loss);
$4,250,000.00 (rescissionary loss)
n/a Interest; Costs; Attorney fees; punitive Marc Kalish (P) David W. Dresnick (P); R. Thomas Barksdale (NP) Mixed
09-02671 10/23/2009 10/7/2011 In favor of claimants Vincent R. and Tracie D Heileson JTTEN Wells Fargo Investment, LLC; Hokon Yun Los Angeles, California Anthony B. Gordon, Esq. Thomas Kopshever, Esq. Broker negligence; Unsuitability; Violation of FINRA Rules of Fair Practice; Breach of fiduciary duty; Failure of Respondents to supervise Claimants’ account Advantage Energy Inc. Fund Trust Unit; Occidental Petroleum Unspecified $6,215.00 (compensatory); $76,856.00 (attorneys’ fees) Compensatory; Disgorgement; Cost; interest; Expert witness fees; Filing fees; Hearing costs; Attorney fees J. Jean Elliott (P) James S. Carlson (P);
David Nielsen (NP)
Mixed
09-03839 6/24/2009 10/6/2011 In favor of claimants; Claims settled Donald Needham Independent Financial Group, LLC; Joshua Cory Koehnen; Peter Ivan Michael Shusterman San Diego, California John H. L’Estrange, Jr., Esq. Edward S. Zusman, Esq. (IFG); Sam Y. Edgerton, Esq. (Shusterman) Breach of fiduciary duty; Constructive fraud; Negligent misrepresentation; Elder abuse DBSI Guaranteed Capital Corporation bonds for unregistered real estate securities $1,003,674.00 (Portfolio damages); $50,000.00 (Emotional distress); $2,007,348.00 (Punitive damages); $340,000.00 (attorneys’ fees) 488,260.00 (compensatory); $488,260.00 (interest) n/a Evan A. Gould (P) Thomas Enrique DuVoisin (P); Paul J. Phillips, Jr. (NP) Mixed
09-03931 6/26/2009 9/27/2011 Claims denied Robert J. Coffey, individually and as trustee of the Robert and Lulu Coffey Living Trust, DTD 11/05/2003; Lulu Coffey, individually and as trustee of the Robert and Lulu Coffey Living Trust, DTD 11/05/2003;
Robert J. Coffey as trustee of the Scott P. Keil Trust U/W; FBO Douglas Keil; Laura L. Keil; Valerie Keil
Merrill Lynch, Pierce, Fenner & Smith Incorporated Los Angeles, California David Harrison, Esq. Kenneth C. Mennemeier, Esq. Breach of fiduciary duty; Constructive fraud; Fraud by misrepresentation and omission; Breach of written contract; Failure to supervise and control; Violation of state and federal securities laws, NASD Rules of Fair Practice, and NYSE rules Lehman Brothers bonds $199,959.97 (damages); $29,047 (Interest); $52,627.99 (attorneys’ fees); $15,762.00 (costs) n/a n/a Marc S. Joseph (P) Christopher L. Mass (P);
Madeleine Kleinman (NP)
Mixed
09-03969 6/29/2009 10/27/2011 Claims denied; Claims dismissed Ronald N. Kief as Trustee for The Ronald Kief Trust Account, Ronald Kief IRA, and The Rosa Lynn Kief Family Trust Merrill Lynch, Pierce, Fenner & Smith, Inc.; David N. Pappas Detroit, Michigan Paul L. Nine Clarence L. Pozza, Jr., Esq.; Todd Holleman, Esq. Violation of NASD Rule 2310; Violation of NASD Rule 2310-2; Violation of NYSE Rule 405; Violation of NASD Rule 3010; Violation of the Michigan Prudent Investor Rule; Conversion Fannie Mae T preferred stock $1,326,745.00 to $2,432,502.00 (damages); $4,054,000.00 (punitive) n/a Interest; Attorneys’ fees; Other costs James L. Karpen (P) Lee Homberger (P); Pamela Mary Lindner (NP) Mixed
09-04970 8/20/2009 10/21/2011 Claims dismissed Steve L. Kuerth; Debbie Kuerth QA3 Financial Corp.; Jeffrey Lynn Augspurger; Stephen Kent Wild; Thomas Gerard Zielinski; Shawna Rae Meyer; Jeffrey James Cannella; Jon Richard Pearn Chicago, Illionois David Neuman, Esq. David A. Baugh, Esq. (Augspurger, Wild, Zielinski); Carla B. Minckley, Esq. (Meyer, Cannella, Pearn) Violation of the Illinois Securities Law of 1953; Violation of the Illinois Consumer Fraud and Deceptive Practices Act; Common law fraud and misrepresentation; Violations of NASD Rules; Breach of fiduciary duty; Negligence and negligent supervision; Respondeat superior Provident Royalties, LLC; DBSI, Inc.; Medical Capital Corp.; IMH Secured Loan Fund, LLC $600,000.00 (compensatory) n/a Punitive; Interest; Attorneys’ fees; Other costs Lee H. Goodman (P) James A. Murphy (P);
Michael Stephen Knight (NP)
Mixed
09-05426 9/16/2009 10/6/2011 Claims settled William Mcllroy Merrill Lynch Pierce Fenner & Smith, Inc. Newark, New Jersey Adam J . Gana, Esq. Nikolas Komyati, Esq. Unsuitability; Misrepresentations and omissions in violation of State and Federal Securities Laws; Breach of fiduciary duty; Failure to supervise; Negligence and breach of State Consumer Protection Acts; Respondeat superior Royal Bank of Scotland Non-Cumulative Preferred Shares series Q; ING Group N.V. Perpetual Hybrid Cap Securities; Lehman Brothers Holdings Inc., stocks $293,000.00 (compensatory) n/a Punitive; Attorneys’ fees; Costs and expenses of arbitration; Interest Charles L. Prothero, III (P) Linda T. Pellegrino (P);
Gerald Joseph Coughlin (NP)
Mixed
09-05793 10/6/2009 10/4/2011 In favor of claimant; Claims settled Cari Cosio Merrill Lynch, Pierce, Fenner & Smith Inc.; UBS Financial Services Inc.; Rafael A. Calleja Tampa, Florida Randall C. Place, Esq.; Sara
E. Hanley, Esq.
Neil S. Baritz, Esq. (Merrill Lynch); Alise Johnson Henry, Esq. (UBS); Frederick S. Schrils, Esq.; Colleen Fitzgerald, Esq. (Calleja) Violation of FINRA customer suitability standard (Rule 2310); Fraud in violation of Fl. Stat. 517; Civil theft or exploitation in violation of Fl. Stat. 772; Suitability; Breach of fiduciary duty; Negligence; Negligent hiring, retention and supervision; Respondeat superior; Common law fraud Bank of America Corporation; Exxon Mobil Corp.; Motorola Inc.; Southern Company $151,873.09 to $4,769,215.14 (compensatory) $248,874.41 (UBS); pre-judgment interest in the amount of 2.5% per annum Interest; Attorney’s fees; Rescission; Punitive; Treble; Consequential; Costs Muriel Desloovere (P) David F. Simon (P);
William R. Turner (NP)
Mixed
09-05813 10/6/2009 10/20/2011 In favor of claimant Robert Hall; Helen Hall Thomas Borbone;
Timothy Llewellyn Kelly;
Thomas Group Capital
Hartford, Connecticut Howard M. Rosenfield, Esq. William G. Leonard, Esq. (Hall); pro se ( (Kelly) Breach of fiduciary duty, Misrepresentation, Omissions and manipulative devices in violation of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder; Violations of the Connecticut Uniform Securities Act; Violations of the Deceptive Trade Practices Act; Unsuitability; Common law fraud; Conversion; Recklessness; Breach of contract; Failure to supervise; Churning Unspecified securities $100,000.00 and $500,000.00 (compensatory) $89,250.00 (compensatory) Puntive; Costs; Attorney fees Brian J. Dunn (P) Maiy Elizabeth Oppenheim (P);
Jack B. Golden (NP)
Mixed
09-05944 10/15/2009 11/13/2011 Claims settled Ingeborg B. Eaves Wachovia Securities, LLC Boca Raton, Florida Richard B. Fosher, Esq. Nuviah Shirazi Breach of fiduciary duty; Violation of the Florida Securities and Investor Protection Act; Negligence; Negligent misrepresentation; Omission; Common law fraud; Breach of contract; Suitability; Negligent supervision Gloden American Life Annuity; ING USA Annuity; Equitable Accum Elite annuity; Global Technology Funds; Hartford Mutal Funds; Ivy Mortgage Securities Fund $90,000.00 (compensatory) n/a Interest; Costs; Punitive; Attorneys’ fees George G. Kurschner (P) n/a Public
09-06320 11/5/2009 10/14/2011 In favor of claimant Estate of Margaret Cwirko Morgan Stanley & Co., Incorporated Newark, New Jersey David R. Strickler, Esq.; Robert Mahoney, Esq. John Castelly, Esq. Negligence; Breach of fiduciary duty Unspecified corporate bonds and securities $1,063,425.37 to $1,305,502.21 (compensatory) inclusive of interest, attorneys’ fees, and expert witness fees $241,344.00 (compensatory) n/a Edward W. Morris, Jr. (P) Dwight Waasong (P);
Joseph Christopher Rosa (NP)
Mixed
09-06573 11/16/2009 10/11/2011 Claims settled Robert Goldenberg Douglas Castro;
Charles Schwab & Co., Inc.
New York, New York Benjamin Lapin Dan Rabinovitz, Esq. Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; Negligent supervision; Violation of various FINRA rules; Respondeat superior Unspecified securities $200,000.00 (compensatory) n/a Cost Diane Getzler (P) Gregory J. Getz (P);
Stephen M. Gross (NP)
Mixed
09-06593 11/17/2009 10/28/2011 In favor of claimant Jeffrey A. Barnes Morgan Keegan & Company, Inc. n/a Richard S. Frankowski,
Esq.
Sarah Larson, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Violation of securities regulatory rules; Violation of the Alabama Securities Act; Misrepresentation; Omissions; Violation of the Alabama Deceptive Trade Practices Act; Controlling person liability – Section 20(a) of the Exchange Act Morgan Keegan Multi-Sector high Income Fund; Morgan Keegan Advantage Income Fund; Morgan Keegan Strategic Income Fund; Morgan Keegan High Income Fund $25,000.00 (compensatory) $25,000.00 (compensatory); pre-and post-judgment interest Interest; Costs; Attorney fees; punitive Guillermo L. Bosch (P) n/a Public
09-07068 12/15/2009 10/11/2011 Claims settled Dan Carlyle Wells Fargo Advisors, LLC Dallas, Texas Steven D. Toskes, Esq. Will S. Montgomery, Esq. Breach of contract; Breach of fiduciary duty; Failure to supervise; Negligence and gross negligence; Misrepresentations and omissions; Fraud and constructive fraud; Violation of the state and federal securities laws; Violation of NYSE, NASD and/or FINRA Rules Unspecified mutual funds and stocks $3,000,00.00 (compensatory) n/a Punitive; Interest; Costs; Montery fees Robert J. Gregory (P) Robert L. Chisolm (P);
Paul L. Salzberger (P)
Public
09-07080 12/17/2009 10/10/2011 In favor of claimant Inge Lake Pre School, Inc. PNC Investments Newark, New Jersey Kim Taylor, Esq. Brian A. Carlis, Esq. Negligence; Misrepresentations; Omission of facts; Suitability Unspecified securities $27,875.71 or $3,062.62 (compensatory); $8,000.00 (attorneys’ fees); $1,000.00 (costs) $3,062.62 (compensatory);
$8,000.00 (attorneys’ fees); $1,000.00 (costs)
n/a Julian F. Santos (P) Anthony P. Connolly (P);
Stephanie M. Miller (NP)
Mixed
09-07219 12/23/2009 10/21/2011 Claims denied Andre Weiss; Andre Weiss as Cust. for Sarah Weiss; Andre Weiss as Cust. for Julian P. Weiss Morgan Keegan & Company Inc. Boca Raton, Florida Howard B. Prossnitz, Esq. Stephen H. Kupperman, Esq.; Jamie L. Berger, Esq. Violation of Florida Securities Act, Fl. Stat 517; Violation of Rule 10(b)-5 of the Securities Act of 1934 Regions Morgan Keegan Advantage Income Fund; Regions Morgan Keegan Strategic Income Fund; Regions Morgan Keegan High Income Fund $73,190.00 (compensatory) n/a Interest; Attorneys’ fees, Costs, FINRA fees Randy R. Freedman (P) n/a Public
10-00019 12/30/2009 10/25/2011 Against the Claimants Joaquin Egberto Ramirez Marcillo;
Mariana Linzan de Ramirez
Morgan Keegan & Company, Inc.;
Julio Almeyda
Miami, Florida Barbara J. Riesberg, Esq.; Marchell A. Wiley, Esq. Janet P. Jakubowicz, Esq.; Reva D. Campbell, Esq. Fraud in the inducement; Breach of fiduciary duty; Negligence and gross misconduct; Negligent misrepresentation; Violation of Tennessee Statutes; Violation of Chapter 517, Florida Statutes; Respondeat superior; Negligent supervision Fairfield Sentry Limited fund $345,000.00 (compensatory); $120,000.00 (interest); $32,000.00 (costs); $200,000.00 (attorneys’ fees); $3,300.00 (placement fee) Claimants are
jointly and severally liable for and shall reimburse Respondents the sum of $30,000.00
n/a Barth Satuloff (P) Barry K. Thorpe (P);
Stephen Trigg Kuhn (NP)
Mixed
10-00241 1/15/2010 10/14/2011 Claims settled Lan H. Sherlock, as Trustee of the Sherlock; Revocable Living Trust UTA March 2009; Martin Padilla;
Ronald Rzesniowiecki
J.P. Turner & Company, L.L.C. San Francisco, California Brian Levin, Esq. Scott N. Sherman, Esq. Failure to treat the Claimants in a just and equitable manner; Breach of contract; Breach of fiduciary duty; Negligence, negligent misrepresentations and omissions; Violations of the Georgia Blue Sky Act Provident Royalties, LLC $245,000.00 (compensatory) n/a Rescission; Puntive; Costs; Attorney fees Walter P. Hitchcock (P) Linda M. McCoy (P);
Bradley C. Mitchell (NP)
Mixed
10-00417 1/27/2010 10/21/2011 In favor of Claimants; Claims settled Rhonda Wesolak; John Wesolak Mercer Capital Ltd.; John Anthony Salino; Lynn Gordon Schultz; Mark Phillip Eichner; Ron Jason Ison; Gregg Charles Lorenzo; Estate of Leonard C. Demers Kansas City, Missouri Diana A. Nygaard, Esq. until 6/22/2011; pro se Lynn Schultz (Mercer, Schultz); pro se (Salino); Brian Reis, Esq. (Mercer, Salino, Schultz) until 10/10/2011; Brian Reis, Esq. (Ison) until 7/28/2011; David A Gehn, Esq. (Lorenzo); Kelly W. Hoversten, Esq. (Demers) Violation of the Missouri Unifom Securities Act; Violation of the Missouri Merchandising Practices Act; Fraud and misrepresentation; Breach of fiduciary duty; Breach of contract; Violation of FINRA Rules; Negligence Senior Secured Convertible Notes, stock; private placements; warrants; U.S. Dry Cleaning; Nucon; Third Dimension $290,090.00 (compensatory); $34,473.00 (attorneys’ fees); $3,640.00 (costs) Respondent Mercer Capital Ltd. is liable for and shall pay to Claimants Rhonda Wesolak and John Wesolak, the sum of $200,000.00 in
compensatory damages; Respondent John Anthony Salino is liable for and shall pay to Claimants Rhonda Wesolak and John Wesolak, the sum of $10,000.00 in
compensatory damages; Respondent Lynn Gordon Schuitz is liable for and shall pay to Claimants Rhonda Wesolak and John Wesolak, the sum of $10,000.00 in
compensatory damages; Respondent Ron Jason Ison is liable for and shall pay to Claimants Rhonda Wesolak and John Wesolak, the sum of $5,000.00 in compensatory damages
Punitive; Interest Michael D. Fitzgerald (P) Robert A. Steitz (P); Joseph E. Santaularia, Jr. (NP) Mixed
10-00950 2/22/2010 10/6/2011 Claims dismissed OC Partners Inc. RBC Dain Rauscher, Inc.;
David S. Tucker, III
San Francisco, California Monte S. Travis, Esq.; Robert P. Travis, Esq. Abe Lampart, Esq. Failed to supervise Claimant’s investments Ford Motor Company; General Motors bonds $540,000.00 (compensatory) n/a Interest; Costs; Punitive Mark R. Topper (P) Helen Marinak Blohm (P); Alexander L. Mazour (NP) Mixed
10-01011 3/2/2010 11/11/2011 Claims denied Frederick H. DiRienzo; Johanna C. & Frederick H. DiRienzo As Joint
Tenants; The 1992 Irrevocable Trust for the Benefit of Kathryn K. Pilot;
Cynthia S. Pilot; Alyssa C. DiRienzo;
Amara L. DiRienzo a/ka Amara L. Hildebrand; Deborah T. Holstein; Deborah S. Lutz
Banc of America Investment Services Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.;
National Financial Services, LLC;
Colin R. Cookson
New York, New York John E. Lawlor, Esq. Nicki Samson, Esq.; Pete S. Michaels, Esq. (Banc of America, Merrill Lynch); Michael G. Shannon, Esq. (National Financial); Mark S. Cohen, Esq.; Daniel H. Tabak, Esq. (Cookson) Breach of fiduciary duty; Negligence; Negligent misrepresentation; Breach of express and implied contract; Breach of implied covenant of good faith and fair dealing; Promissory estoppel Webfinacial Corpration $810,000.00 to $1,290,000.00 (compensatory) n/a Attorneys’ fees; Interset Alun Hywel Jones (P) Evonne W.J. Tolbert (P); Kevin B. Naughten (NP) Mixed
10-01538 4/2/2010 10/10/2011 Claims dismissed James Clifford Morgan Keegan & Company, Inc. New York, New York Adam J. Gana, Esq. Wayne Hillis, Esq. Fraud in violation of common law; Relevant state law, and Rules 10(B) and 10b-5 of the Securities Act of 1934, violation of Section 11 of the Securities Act of 1933; Violation of Section 12(a)(2) of the Securities Act of 1933; Violation of Section 15 of the Securities Act of 1933; Violation of the Tennessee Consumer Protection Act, Unsuitability; Misrepresentation and/or omissions RMK bond funds $96,146.00 (compensatory) n/a Interest; Costs; Attorneys’ fees; Expert and forum fees Fred S. Pieroni (P) n/a Public
10-01725 4/12/2010 10/2/2011 In favor of Claimants James D. Brogden, Trustee of the
Jim Brogden Revocable Living Trust; Frances L. Brogden, Trustee of the Lynn Brogden Revocable Living Trust
Merrill Lynch, Pierce, Fenner & Smith Incorporated; Randall Wayne Slender Portland, Oregon Yoona Park, Esq. Bradley B. Rounsaville, Esq.; Jaime H. Scivley, Esq. Violation of state and federal securities laws; Breach of fiduciary duty and negligence; Violation of rules of fair practice; Responsibility for the actions of Stender under the doctrine of respondeat superior; Negligence in supervision and training; Liability under the Oregon and federal securities laws as a “controlling person” Investments in Fannie Mae securities $359,268.49 (damages) $96,049.31 (compensatory); $33,287.67 (interest); $60,346.80 (attorneys’ fees) n/a William B. Kirby (P) Robert Sachs Mandelson (P);
John F. Harris (NP)
Mixed
10-02151 5/6/2010 10/25/2011 Claims dismissed Bernard Millis Morgan Stanley Smith Barney;
Frederick Warren Wagner, Jr.
Philadelphia, Pennsylvania pro se Susan Poder
MacFarlane, Esq.
Breach of fiduciary duty; Negligence; Respondeat superior; Failure to supervise Unspecified securities $330,045.50 (compensatory) n/a Interest; Costs; Attorneys’ fees Margaret Mary Crumley (P) James Kenneth Fruehling (P);
Robert C. Scanian (NP)
Mixed
10-02200 5/7/2010 10/4/2011 Claims dismissed Jeremy G. Harvey Karen L. McKinley;
Merrill Lynch Life Insurance Co.;
Merrill Lynch Pierce Fenner & Smith Inc.
Richmond, Virginia Steven S. Biss, Esq. A. Patricia Morales Christiansen, Esq. Tortious interference; Conversion; Breach of contract; Breach of fiduciary duty Unspecified
annuity contracts
$730,400.00 (compensatory); $1,000,000.00 (compensatory) n/a Interest Jane C. Carney (P) William Stephen Mailander (P); Jonathan S. Alcaro (NP) Mixed
10-02321 5/11/2010 10/6/2011 Claims settled Herman Leo Steinberg, Trustee of the Lillian Valinsky Revocable Trust, Dated 12/17/97 Prime Capital Services, Inc.;
Gilman Ciocia, Inc.; Asset & Financial Planning, Ltd., Inc.; Michael P. Ryan; Rose M. Rudden
Boca Raton, Florida Leonard P. Haberman, Esq. Neil S. Baritz, Esq. Breach of fiduciary duty; Negligence/violations of FINRA/NASD rules, breach of contract and breach of duty; Violation of the Florida Securities and Investor Protection Act; Misrepresentation; Respondeat superior; Failure to supervise AllmericaSelect variable life insurance product $230,00.00 (compensatory); $3,000,000.00 (punitive) n/a Attorneys’ fees; All costs of the arbitration; Expert fees and forum fees Harvey Blicksilver (P) Sidney Turner (P); James Sankpill (NP) Mixed
10-02351 5/13/2010 10/11/2011 Claims denied Robert Sudduth;
The Robert Sudduth Family Trust
Penson Financial Services, Inc.; Sunstate Equity Trading;
Electronic Access Direct, Inc.
New Orleans, Louisiana W. Andrew Clayton, Jr., Esq.; Jessica Lavely Clayton, Esq.; George W. Healy, IV, Esq. Mark Hanchet, Esq. Breach of fiduciary duty; Unsuitability; Violation of Louisiana Securities Laws, R.S. 51.714(B); Vicarious liability; Negligent supervision; Breach of contract Greenwing Fund, LLC hedge fund $463,156.76 (damages) n/a Interest; Attorneys’ fees; Costs; Expert witness fees; Punitive Frederick H. Bruce (P) Jeffrey Ackermann (P); Leon T. Roberts, Sr. (NP) Mixed
10-02759 6/11/2010 10/5/2011 Dlaims denied Saadeh Corporation Merrill Lynch, Pierce, Fenner & Smith Incorporated San Francisco, California Richard M. Osborne, Esq. Eric J. Glassman, Esq. Breach of fiduciary duty; Negligent supervision; Negligence; Fraud; Misrepresentation; Breach of contract; Violation of Corporation Code §§25,400 et seq. Unspecified equities $1,000,000.00 to $5,000,000.00 (damages) n/a Punitive; Lost opportunity; Costs; Attorneys’ fees; Treble damages; Interest Richard L. Rubin (P) Gary H. Kahn (P); James Edward Forbes (NP) Mixed
10-02781 6/14/2010 10/13/2011 In favor of Claimants Lawrence E. Newlin;
Lina M. Palacio
J.P. Turner & Company, L.L.C.;
Raymond Scott King; Turner Wealth Management, Ltd.
Atlanta, Georgia Lawrence E. Newlin, Esq. (Newlin); pro se (Palacio) Scott Holcomb, Esq.; Eric Dec, Esq.; Leila Mehrizi Fraud; Negligence; Breach of duty; Breach of contract; Violation of the Georgia Securities Act; Negligent misrepresentation Shale Royalties 16, Inc.; Shale Royalties 10, Inc. $73,954.00 (compensatory) $15,000.00 Rescission; Punitive; Treble damages; Interest; Costs and forum fees; Attorneys’ fees Deborah A. Jackson (P) n/a Public
10-02994 6/24/2010 10/18/2011 Claims settled Royce G. Thornton;
Willie Pearl Thornton
Morgan Stanley Smith Barney, LLC Birmingham, Alabama Royce G. Thornton Brian C. Hale Violation of Alabama’s Securities Act; Breach of fiduciary duty; Breach of contract; Negligence; Negligent misrepresentation; Omission; Common law fraud; Negligent supervision Hartford Capital Appreciation mutal fund; Prudential Premier Retirement L Series annuity; AST Horizon Moderate Asset Allocation mutal fund; Phoenix Multi-Sector fund; Phoenix Real Estate fund; Delaware Value; Western Asset Core Plus; Lazard Emerging Markets; JP Morgan Mid Cap Value; TCW Galileo Dividend Focused $100,000.00 (compensatory) n/a Attorneys’
fees; Pre- and post-judgment interest; Costs; Punitive
John G. Manley (P) n/a Public
10-03012 6/29/2010 10/18/2011 Claims settled John Dugan; John Dugan and Karen Dugan JTWROS Charles Schwab & Co., Inc. Boston, Massachusetts Kevin T. Smith, Esq. Richard A. Karoly, Esq. Negligence; Breach of fiduciary duty; Breach of contract Unspecified securities $342,412.00 (compensatory) n/a Interest; Costs Colette Manoil (P) Lucy J. Karl (P); Jeffrey Neil Fink (NP) Mixed
10-03083 7/1/2010 10/7/2011 In favor of Claiments Joan P. Schultz Daniel Deighan; Deighan Financial Advisors, Inc.; Boogie Investment Group, Inc.; Charles Schwab & Co., Inc. Orlando, Florida Allan P. Whitehead, Esq. Alan M. Wolper, Esq.; Nathan W. Lamb, Esq. (Deighan, DFA, BIG); Pete S. Michaels, Esq.; Jennifer R. Seltenrich, Esq. (Schwab) Violation of Chapter 517, Fla. Stat.; Fraudulent misrepresentafion; Negligent misrepresentation; Breach of fiduciary duty; Negligence; Suitability Real estate investment trusts; Limited
partnerships and offerings in non-registered securities; Convertible notes and private placements; Odyssey VII; Odyssey IX; CORE Realty Holdings, LLC; Resource V; Strategic Storage Trusts, Inc.; Leaf III
$416,430.87 (compensatory) $173,264.19 (compensatory); $6,000.00 (arbitration proceeding) Punitive; Costs; Interest; Attorneys’ fees Harvey Blicksilver (P) Floyd Roberts (P); Irwin Baron (NP) Mixed
10-03222 7/13/2010 10/13/2011 Claims denied Anthony and Debra Hanna, Individually and as Trustees of the 2001 Anthony J. and Debra F.
Revocable Trust
CapWest Securities, Inc.; Ronald L. Ellis; Dale K. Hall; Kathleen L. Heshelow; Lawrence W. Lambert;
Michelle R. Langer; David L. Smith; Robert R. Tweed
Los Angeles, California Irwin Stein Orly Davidi, Esq.; pro se (Smith) Fraud; Misrepresentation; Negligence; Breach of contract; Breach of fiduciary duty Gemini Centerville Galleria Mall; Geneva Beamer Place Apartments; Moody National Hyatt Place Grapevine; Pricipal Equity-Westgate Commons; Eliason-Waterford Place Apartments $2,617,452.00 (compensatory) n/a Rescission; Interest; Costs; Punitive A. Joel Klein (P) Alan Stamm (P); Russell T. Doe (NP) Mixed
10-03262 7/16/2010 10/21/2011 Claims denied Thomas Corcoran Steven Pickard; Pinnacle Investments, LLC; Dario Vacco Syracuse, New York Stewart L. Weisman, Esq. David Ward, Esq.; Jennifer R. Seltenrich, Esq. Failure to execute stop loss orders; Unauthorized trading; Forced margin call; Violation of written supervisory procedures; Failure to adequately train and supervise; Breach of fiduciary duty by failing to manage the accounts in a manner directly comporting with the needs and objectives of Claimant; Failure to observe high standards of commercial honor and just equitable principles of trade under FINRA Rule 2010 Apple, Visa,
Morgan Stanley, and Freeport McMoran stocks
$70,000.00 to $80,000.00 (compensatory) n/a Interest; Costs; Attorney’s Fees Jennifer L. Bliss (P) Ralph L. Halpem (P); Norman Foxman (NP) Mixed
10-03270 7/13/2010 10/13/2011 In favor of Claimants David C. Swedelson and Sandra Gottlieb, trustees of the Swedelson & Gottlieb Cash Balance Plan Trust RBC Dain Rauscher n/k/a RBC Capital Markets, LLC;
Mitchell Ross Pindus
Los Angeles, California H Thomas Fehn, Esq. Michael M. Gless, Esq. Unsuitability; Misrepresentation; Breach of fiduciary duty GM bonds; NutriSystems; IndyMac bonds $242,183.00 (damages) $10,000.00 (compensatory) Interest; Attorneys’ Fees Susan B. Gans-Smith (P) Audrey H. Ruben (P);
Catherine M. O’Brien (NP)
Mixed
10-03323 7/21/2010 10/14/2011 Claims dismissed; Claims denied Subodh C. Desai, M.D.; Kumar S. Desai, M.D. MetLife Securities, Inc.; New England Securities Chicago, Illinois F. Homi Cooper Mark J. Crandley, Esq. Breach of fiduciary duty; Misrepresentations/non-disclosures; omission of facts; breach of contract; Failure to supervise; Negligence The deletion of a “Disability Waiver” $1,000,000.00 (damages); $100,000.00 (punitive); $27,000.00 (arbitration costs) n/a Interest Raymond P. Buschmann (P) Michael Nathanson (P); Jerome K. Rumps (NP) Mixed
10-03334 7/22/2010 10/12/2011 Claims denied; Against the Claimants Alphonse M. Lucchese Citi Smith Barney;
Citigroup Global Markets, Inc.;
Robert Joseph Malenfant;
Alfred George Weaver
Boston, Massachusetts Robert F. Dionisi, Jr., Esq. T. Peter R. Pound, Esq. Breach of contract; Failure to supervise; Negligence; Breach of fiduciary duty; Misrepresentations; Unauthorized trading; Transfers, sell outs, and violation of Massachusetts General Laws Chapter 93A Preferred shares of Lehman stock $100,000.00 (compensatory) Claimant is liable for and shall pay to Respondents attorney’s fees in the amount of $49,985.12 Treble damages; Attorneys’ fees; Interest; Costs William I. Carmen (P) n/a Public
10-03378 7/27/2010 10/14/2011 Claims denied Estate of Deborah L. Stein;
Mark Stein as Executor
Wells Fargo Advisors, LLC Boston, Massachusetts Patrick Gaffney, Esq. Brady J. Hermann, Esq. Breach of fiduciary duty; Gross negligence; Suitability; Failure to supervise American
Capital Ltd. Stock; Ares Capital Corp. stock; Alpine Total Dynamic Dividend Fund; Cohen & Steers Quality Income Realty Fund Inc.
$400,000,000 (compensatory) n/a Punitive; Interest; Costs; Expenses; Attorneys’ fees Brian J. Dunn (P) James Alden Lincoln (P);
David J. Kaufman (NP)
Mixed
10-03414 7/27/2010 10/29/2011 In favor of Claimants Jack McClure Jr., Individually and on behalf of the Jack McClure, Jr. IRA; Phyllis D. McClure, Individually and on behalf of the Phyllis D. McClure IRA; Ron Miller and Lee Miller, both Individually and on behalf of the Ron Miller IRA Morgan Stanley Smith Barney, LLC Oklahoma City, Oklahoma Kurtis J. Ward, Esq.; John David Miller, Esq. Timothy B. Atkins, Esq.; Allison Patton, Esq. Control person liability; Breach of fiduciary duty; Respondeat superior; Negligence; failure to supervise Various variable annuities $347,276.58 (compensatory) $57,335.00 (compensatory); interest Interest; Costs; Expenses; Attorneys’ fees Jan Preece Gaddis (P) Vicki J. Limas, J.D. (P); Wilburta Ann Willey (P) Public
10-03511 8/3/2010 10/4/2011 In favor of Claimants Christopher M. Allen; Angela Allen; Angela Allen IRA; Christopher M. Allen IRA Thinkorswim by TD Ameritrade Inc. Tampa, Florida Bruce W. Barnes, Esq. Howard J. Kaplan, Esq.; Brent Starks, Esq. Unsuitability; Breach of fiduciary duty; Breach of contract; Violation of Chapter 517 of the Florida Statutes; Negligence Unspecified options $576,000.00 (compensatory) $228,000.00 (compensatory); Interest Interest; Costs; Attorneys’ fees Diana A. Weiner (P) Charles W. Lavender (P);
Dennis R. Sullivan (NP)
Mixed
10-03514 8/3/2010 10/27/2011 In favor of Claimants James Wendell Welsh Bellevue Chicago, LLC;
TD Ameritrade, Inc.
Tampa, Florida John R. Kiefner, Jr., Esq. Justin M. Garbaccio, Esq.; Brent T. Starks, Esq. Failure to Supervise/Negligent Supervision; Violation of Section 517.301, Florida Statutes; Breach of Fiduciary Duty; Common Law Fraud/Fraud in the inducement; Breach of Contract; Negligence; Gross Negligence; Violation of FINIRA Rule 2110-Standards of Commercial Honor and Principles of Trade (Negligence); Violation of FINRA Rule 2360 – Options (Negligence); Violation of FINRA Rule 3010 – Supervision (Negligence); Violation of FINRA Rule 3110 – Books and Records (Negligence); Violation of Florida’s Civil Remedies for Criminal Practices Act; Common Law Conversion Unspecified securities $385,335.82 (compensatory); $63,580.41 (interest); $770,671.64 (punitive) $29,000.00 (damages); $10,510.00 (costs) Treble damages; Costs; Attorneys’ fees Langfred W. White (P) Gregory D. Hoffmann (P); Jonathan H. Stein (NP) Mixed
10-03515 8/3/2010 10/21/2011 Claims dismissed Estelle W. Thompson Morgan Keegan & Company, Inc. Birmingham, Alabama William J . Gladden, Esq. Avi Stadler, Esq.; Larry Polk, Esq. Misrepresentation and omissions; Breach of fiduciary duty; Unsuitable investments; Negligence; Failure of supervision; Breach of contract; Vicarious liability; Violation of FINRA rules; Violation of federal securities laws; Violation of Alabama statutes; Violation of Tennessee statutes Regions Morgan Keegan Select High Income Fund $283,418.00 (compensatory) n/a Interest; Costs; Punitive; Attorneys’ fees David J. Anderson (P) Delores Manwar (P);
Holly A. Hart (NP)
Mixed
10-03580 8/6/2010 10/11/2011 Claims settled Jerry Douglas Ameriprise Financial Services, Inc.; Ameriprise Financial, Inc.;
Ameriprise Trust Company
Birmingham, Alabama R. Allen Kilgore, Esq. Howard M. Klausmeier, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Violations of securities regulatory rules; Violations of the Alabama Securities Act; Controlling person liability – Section 20(a) of the Exchange Act; Negligent failure to supervise Inland Western Retail Real Estate Trust, Inc. n/a n/a Out-of-pocket losses; All charges; Lost earnings; Interest; Rescission; Costs; Attorneys’ fees; Expert fees; Punitive Frank W. Virgin (P) Ronald Griffith Wilkins (P);
E. Trice Laird (NP)
Mixed
10-03857 8/27/2010 10/19/2011 Claims dismissed Allen D. Hyko TTEE of the Mary C. Gregory Trust U/A DTD 10/5/77 William Austin Bailey;
Mutual Service Corporation
Seattle, Washington Richard D. Brady, Esq. Peter W. Howell, Esq. Churning; Breach of fiduciary duty; Unsuitability; Negligence; Failure to supervise Kemper All America; Pacific Life $26,224.00 (disgorgement); $10,719.00 (reimbursement) n/a Interest; Costs; Treble; Attorneys’ fees; Punitive John A. Bender, Jr. (P) n/a Public
10-04145 9/10/2010 10/17/2011 In favor of Claimants James Fraser; Nancy Ann Fraser Oppenheimer & Co. , Inc.; Dean Smith Detroit, Michigan Anthony V. Trogan, Jr., Esq. Diana H. Sur, Esq.; John T. McGuire, Esq. Breach of contract; Common law fraud; Promissory estoppel; Negligence and gross negligence; Malpractice; Breach of fiduciary duty; Breach of Michigan securities law unspecified securities $250,000.00 (compensatory) (James Fraser); $150,000.00 (compensatory)(Nancy Ann Fraser) $37,000.00 (compensatory); $5,000.00 (attorneys’ fees); interest (James Fraser); $9,000.00 (compensatory); $1,500.00 (attorneys’ fees); interest (Nancy Ann Fraser) Punitive; Interest; Attorneys’ fees; Costs William M. Azkoul. J.D. (P) Stephen D. Kursman (P); Anthony Allen Mogie (NP) Mixed
10-04159 9/13/2010 10/11/2011 In favor of Claimant Stanley M. Schwarz Drew Donald Barlow; Wells Fargo Advisors, LLC Philadelphia, Pennsylvania Thomas A.
Sprague, Esq.
Yoonsun Chung, Esq.; Joseph Vallo, Esq. professional negligence; breach of contract; conversion; violations of Pennsylvania’s unfair trade practices & consumer protection laws ALCOA stock $291,504.00 (compensatory) $3,536.82 (compensatory) Interest; attorneys’ fees; costs; punitive; forum fees Doris J. Dabrowski (P) E. William Pastor (P);
Mary Ann M. Melchiorre (NP)
Mixed
10-04424 10/1/2010 10/1/2011 Claims settled; Claims dismissed Michael Colombino Ashraf Elghandour; Morgan Stanley & Co., Incorporated;
Morgan Stanley Smith Barney
New York, New York William C. Rand, Esq. Susan MacFarlane, Esq. unfair dealing; breach of fiduciary duty; negligence; breach of contract; violations of Federal Securities Laws; common law fraud; aiding and abetting fraud; failure to supervise; violation of New Jersey’s Securities Act-N.J. Statute § 49:3-71; violations of New York’s Deceptive Business Statute-General Business Law § 349; estoppel; negligent misrepresentations; control person liability; respondeat superior; unjust enrichment FAZ exchange traded fund $106,344.00 (compensatory); $300,000.00 (punitive) n/a Interest; Costs; Attorneys’ fees Joan M. Traub (P) John A. Scudiero (P);
Roland E. Wyatt (NP)
Mixed
10-04494 10/6/2010 10/7/2011 Claims denied Gene A. and Janice M. Hedlund,
Individually and as Trustees of The Odyssey 2000 Rev Trust DTD 8/14/1989 and The Odyssey 2000-Friar’s Branch Crossing LLC and their respective IRAs
Waveland Capital Partners LLC;
John D. Lauer
San Diego, California Richard A. Nervig, Esq.; A. Thomas Tenenbaum, Esq. Jeffrey S. Kob, Esq. breach of fiduciary duty; fraud; violation of California Corporate Securities Law of 1968; negligence DBSI Friar’s Branch Crossing, LLC; Inland American REIT; Cornerstone REIT; Waveland Drilling Partners 2006-A, L.P. $339,060.67 n/a Interest; Costs; Attorneys’ fees; Punitive Guenter S. Cohn (P) Katherine Jane Morris (P);
Sidney Jacobsen (NP)
Mixed
10-04745 10/21/2010 10/18/2011 In favor of Claimant Anna McDwyer Alternative Wealth Strategies, Inc.; Edward Scro New York, New York Curtis E. Pew, Esq. Curtis E. Pew, Esq. (Alternative Wealth); pro se (Scro) mutual mistake; breach of contract; unsuitability; broker’s ignorance; misrepresentation under Rule 10b-5; failure to supervise unspecified securities $36,491.02 (compensatory) $36,491.02 (compensatory); Interest Attorneys’ fees; Costs Hugh N. Fryer (P) n/a Public
10-04904 10/29/2010 10/20/2011 In favor of Claimant Caleb L. Batten & Kathryn R. Batten, Trustees of
the Caleb L. Batten Trust u/a/d 04/05/1990
Wells Fargo Advisors, LLC f/k/a
Wachovia Securities, LLC;
Mitchell A. Halperin
Tampa, Florida Andre R. Perron, Esq. Katherine C. Donlon, Esq.; Peter B. King, Esq. negligence; violations of the Florida Securities Act, including multiple violations of Florida Statute, Chapter 517; equitable rescission; breach of fiduciary duty; breach of contract AT&T Inc.; Bank of America Corp.; Boston Scientific Corp.; Citigroup Inc.; Dell Inc.; EMC Corp Mass; Eay Inc.; Fannie Mae Assn.; General Motors Corp.; Home Depot Inc. $424,240.00 (compensatory) $94,896.00 (compensatory); Interest; Attorneys’ fees; $15,000.00 (Expert witness fees) Interest; Costs; Attorneys’ fees John P. Cullem (P) Patricia Gunn Zimmerman (P);
Henry A. Tenenbaum (P)
Public
10-04932 10/25/2010 10/25/2011 Claims dismissed Jayne Dressor; Marissa Dressor World Group Securities, Inc.;
World Financial Group, Inc.
Los Angeles, California Jayne Dressor Robert G. Brunton, Esq. unauthorized trading; fraud; misrepresentation unspecified life insurance policy $35,000.00 (actual); $10,200.00 (punitive) n/a n/a Michael D. Harrison (P) n/a Public
10-05193 11/15/2010 10/5/2011 In favor of Claimant Ronald Altman Fidelity Brokerage Services LLC;
David Benedict;
Christian Widmann
New York, New York Curtis E. Pew, Esq. Melissa Hegger Shea, Esq. (Fidelity); Randall M. Foret, Esq. (Widmann) unsuitability; failure to supervise; failure to follow instructions Portfolio Advisory Services $19,856.86 (compensatory) n/a Interest; Cost Susan C. Lushing (P) n/a Public
10-05572 12/8/2010 10/20/2011 In favor of claimant; Claims settled James Towery Prestige Financial Center, Inc.;
Elliot Sherer
Los Angeles, California G. Mark Brewer, Esq. pro se churning; unauthorized trading; failure to supervise; breach of fiduciary duty; breach of contract unspecified securities $170,000.00 (compensatory) $163,343.14 (compensatory) Punitive; Costs; Attorneys’ fees Richard J. Stall, Jr. (P) n/a Public
10-05692 12/20/2010 10/18/2011 Claims dismissed Pamela H. Poole IRA;
Pamela H. Poole Roth IRA;
Pamela H. Poole
RBC Capital Markets LLC;
Overton Lee Graham
Richmond, Virginia Todd Ratner, Esq. James Cosby, Esq.; Sean
Golden, Esq.
Violation of the Virginia Securities Act; Violation of federal securities laws; Common law fraud; Breach of fiduciary duty; Negligence; Breach of contract; Failure to supervise; Violation of state, federal and FINRA rules and regulations; Principles of agency, vicarious liability, respondeat superior and control person liaibility; violation of general equitable principles Linn Energy; Sigma Designs; Somanetics; American Capital Strategies; Cheniere Energy Partners; Alpine Total Dynamic Dividend Fund; Claymore/Guggenheim Strategic Opportunities Fund $200,000.00 (compensatory) n/a Tax liabilities incurred; Return of commissions and fees; Interest; Costs; Attorneys’ fees; Expert fees; Punitive Leon Henderson, Jr. (P) Stuart H. Dunn (P);
William C. Boinest (NP)
Mixed
10-05749 12/23/2010 10/6/2011 Claims denied Joan A. Lane Capwest Securities, Inc.;
John L. Tyler, Jr.
Denver, Colorado William B. Hayes, Esq. Orly Davidi, Esq.; H Thomas Fehn, Esq. (Tyler); Dale Hall (Capwest) Misstated Claimant’s information; Made unsuitable investments in Claimant’s name; Failed to disclose known and discoverable risks about investments made on Claimant’s behalf; Made false statements and omissions regarding the earnings and financial health of Claimant’s investments Direct Participation Programs (“DPP”): Provident Royalties # 9, Provident Royalties #12, IMH Secured Loan Fund; Blue Rock Capital $275,000.00 (compensatory) n/a Interest;
Costs;
Attorneys’ fees
Marilyn R. Lewis (P) James B. Eichberg (P); Holly Stein Sollod (NP) Mixed
11-00045 12/31/2010 10/24/2011 In favor of Claimant Michael J. Mohan Robert Timothy Marwill;
Steven Neal Mechlowicz;
Citigroup Global Markets, Inc.;
Morgan Stanley Smith Barney, LLC d/b/a Morgan Stanley Smith Barney
Houston, Texas Joseph P. Webber, Esq. Sean J. Coughlin, Esq. Fraud; Breach of fiduciary duty; Breach of contract; Use of manipulative, deceptive or other fraudulent devices; Failure to meet standards of commercial honor and principals of trade; Lack of suitability; Failure to properiy maintain books and records; Failure to execute; Churning; Negligence; Failure to supervise Unspecified $3,000,000.00 (compensatory); $6,000,000.00 (punitive) $500,000.00 (compensatory)(Citigroup); Interest; $25,000.00 (compensatory)(Marwill); $5,035.00 (costs); $120,720.00 (atttorneys’ fees); $22,800.00 (expert witness fees); $1,200.00 (filing fees) Interest; Attorneys’ Fees; Other Costs; Other Monetary Relief Bertrand C. Moser (P) James E. Schlottmann (P); Jerry C. Prestridge (P) Public
11-00110 1/7/2011 10/25/2011 Claims settled Jane Galvan an individual
and as Trustee of the Jane Galvan Trust
Banc of America Investment Services, Inc. n/k/a
Merrill Lynch, Pierce, Fenner & Smith Incorporated; Roger W. Rodas
Los Angeles, California Donald L. Saltzman, Esq. Barton Wayne Cox, Esq. Unsuitability; Misrepresentation; Breach of fiduciary duty; Failure to supervise; Negligence; Gross negligence; Recklessness; Violation of securities laws B of A Mtn. Buffered Steeples linked to NASDAQ; B of A Mtn. linked to All Basket; Rate Lined PPI Floater on CPI Floating Coupon; B of A Mtn. Commodity Linked Non-Principal protected Buffered Enhanced Zero Coupon $310,657.00 (compensatory) n/a Interest; Punitive; Attorneys’ fees; Costs Joyce L. Hurley (P) Kevin Joseph Pilon (P);
Madeleine Kleinman (NP)
Mixed
11-01384 4/4/2011 10/3/2011 In favor of Claimant Margot Mandel Morgan Peabody, Inc.;
Kumbirai Vincent Mtunga
Los Angeles, California Colleen Marmor, Esq. David Williams (Morgan Peabody); pro se (Mtunga) Failed to explain the full nature and possible consequences of investing in a Real Estate Investment Trust (“REIT”); the investment was unsuitable for Claimant Inland American REIT $13,172.00 (reimbursement); $5,000.00 (punitive) $3,000.00 (compensatory) Fees; Costs Robert E. Jenks (P) n/a Public
11-01650 4/19/2011 10/6/2011 Claims denied George E. Shull Ameriprise Financial Services, Inc. n/a pro se Chad Weaver, Esq. Unsuitability; Breach of fiduciary duty; Negligence; Fraud; Misrepresentation; Failure to supervise Boston Capital Tax Credit Fund; KBS Real Estate Investment Trust $20,000.00 n/a Attorneys’ fees; Costs Cheryl R. Kershner (P) n/a Public
11-01741 4/28/2011 10/18/2011 Claims denied Larry Johnson; Elizabeth Johnson Morgan Keengan & Co. n/a Richard S. Frankowski, Esq. Shea O’Brien Hicks, Esq. Breach of contract; Breach of fiduciary duty; Suitability; Misrepresentation; Omission of facts; Negligent misrepresentation; Violations of securities regulators rules; Violations of the
Alabama Securities Act; Failure to supervise
Morgan Keegan RMK Bond funds $25,000.00 (compensatory) $425.00 (costs) Puntive; Costs; Interest; Attorneys’ fees Daniel David Kopman (P) n/a Public
11-01742 4/28/2011 10/17/2011 Claims denied Beverly Vogt Morgan Keegan & Company, Inc. n/a Richard S. Frankowski, Esq. Curt R. Soefker, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violation of Securities Regulatory Rules; violation of Alabama Securities Act; Intentional and negligent misrepresentation of material facts; Wrongful self-dealing actions; Breach of duty of good faith and fair dealing; Gross negligence; Failure to properly execute duties RMK Multi-Sector High Income Fund $25,000.00 $212.50 (costs) Punitive; Interest; Attorneys’ fees; Costs Katherine M. Harmeyer (P) n/a Public
06-03597 7/31/2006 11/10/2011 Claims denied Kathryn A. Heily; Estate of Vera L. Freeberg Merrill Lynch, Pierce, Fenner & Smith Incorporated San Francisco, California Jay William Jacobus, Esq. Angela A. Turiano, Esq. Failure to pay costs; Improper distribution of funds; Failure to issue 1099 forms upon distribution. IRA accounts $87,165.00 (compensatory damages) n/a Punitive damages Linda M. McCoy (P) Herb Schwartz (P); Mark Aaron Jones (NP) Mixed
08-00443 2/19/2008 11/4/2011 Claims denied John B. Roberts; Gerald E. Rupp Nancy Abraham; Oppenheimer & Co., Inc. New York, New York Robert J. Hausen, Esq. Stephen Ehrenberg, Esq.; Peter Byer, Esq. Breach of fiduciary duty; Churning; Restitution and disgorgement; Unsuitability; Negligence; Failure to supervise; Respondeat superior Unspecified securities $543,425.00 (compensatory damages) n/a Interest; punitive damages; attorneys’ fees; costs Joseph J. Arata (P) Edward G. Toptani (P); Robina Fedora Asti (NP) Mixed
08-01651 5/22/2008 10/27/2011 Claims settled Tule River Tribal Council; Tule River Tribe of the Tule River Reservation Erin M. Callan; Howard L. Clark; Peter E. Coleman; Mark M. Connally; Thomas H. Cruikshank; Michael C. Drago; Frederick Frank; Scott J. Freidheim; Richard S. Fuld, Jr.; Lehman Brothers Inc.; Bernard A. Machlovitch; Hans S. Maentz; Howard R. Plotkin; Thomas A. Russo Los Angeles, California Erwin J. Shustak, Esq. James G. Kreissman, Esq.; Ronald E. Wood, Esq.; Kathleen N. Massey, Esq.; Todd S. Fishman, Esq.; John K Ly, Esq. Violation of state and federal securities laws, as well as SEC Rules; Common law fraud, fraudulent misrepresentation, fraudulent omission and fraudulent concealment; Breach of fiduciary duty; Violation of FINRA and NYSE Rules of Practice; Unsuitability; Negligence and negligent misrepresenation; Failure to supervise; Breach of contract; and Unauthorized trading. Unspecified auction rate securities $12,000,000.00 (compensatory) n/a Rescission of the Client Agreement and a return of Claimants’ entire initial investment, together with interest at the legal rate; Damages resulting from Claimants’ inability to liquidate their investments in auction rate securities, including but not limited to lost profits arising out of their Casino expansion project; Claimants’ reasonable attorneys’ fees and costs incurred in bringing this action; Punitive damages; Such other and further relief as the Panel may deem just and proper James H. Frank (P) Edward A. Trabin (P); Robert P. Clifford (NP) Mixed
08-04776 12/15/2008 11/9/2011 Claims denied Dudley H. Pepp Alliance Bernstein Investments, Inc.; Bertrand Ira Ginsberg; Russell Lane Grossman; Sandra Shearouse Morelli; Sanford C. Bernstein & Co., LLC Los Angeles, California Michael St. Denis, Esq. Sean M. Murphy, Esq. Breach of contract; Breach of implied covenant of good faith and fair dealing; Negligent misrepresentation; Breach of fiduciary duty; Negligence; Unsuitable investments; Failure to supervise Multi-Strategy Fixed Income Hedge Fund n/a n/a Respondents be required to compensate Claimant for all monies lost as a result of their actions and inactions with respect to his IRA funds; Actual/Compensatory damages in an amount to be determined by the tribunal; Attorneys’ fees; Costs; Interest as deemed just and appropriate Erik R. Siering (P) Robert E. Lawson, Sr. CPA (P); Robert Edward Koondel (NP) Mixed
09-01392 3/11/2009 11/9/2011 Claims denied Debra D’Antonio; Estate of Betty J. Miller Thomas Anthony Aloi; Ronald Peter Funari; Janney Montgomery Scott LLC; Phillips Alan Vars Smith Syracuse, New York John Benjamin Carroll, Esq. Theodore Snyder, Esq. Fraud; Misrepresentation; Gross negligence; Violation of FINRA rules; Violation of Section 10b-5 of the Securities Exchange Act and regulations thereunder; Violation of the laws of the State of New York Wachovia common stock $3,000,000.00 (compensatory) n/a Unspecified punitive damages; Attorneys’ fees; Expert fees; Other costs David Buch (P) Jennifer L. Bliss (P); Nino Armienti (NP) Mixed
09-02552 4/30/2009 11/11/2011 In favor of Claimant Pelican Holdings, Ltd; Fleming Endowment Morgan Keegan & Company, Inc. Houston, Texas Dale Ledbetter, Esq.; Adam Nativ, Esq. Samuel L. Felker, Esq.; Peter S. Fruin, Esq. Misrepresentation and omissions; Breach of fiduciary duty; Unsuitable investments; Negligence; Failure of Supervision; Breach of contract; Vicarious liability; Violation of FINRA rules; Violation of the Texas Securities Act Proprietary RMK funds $3,132,883.00 (compensatory) $889,340.00 Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other monetary relief Jerry C. Prestridge (P) Alan M. Holzberg (P); Karen Settle Newton (NP) Mixed
09-02583 5/5/2009 11/25/2011 Claims denied Estate of Felicitas Castaneda; Jose Castendeda Chase Investment Services Corp.; JP Morgan Chase Bank; WAMU Bank; Leonard Gzesh; Jack Christian Holt; LPL Financial LLC; Paul Rudy Vega Los Angeles, California Jose Castaneda Robert B. Ericson, Esq.; Patrick G. King, Esq.; Pro se (Jack Christian Holt); Stephanie Brown; Pro se (Paul Rudy Vega) Wrongdoing due to the handling of Felicitas Castaneda’s accounts Unspecified $113,626.25 (compensatory) n/a Punitive damages (double damages) David L. Maislen (P) Erik R. Siering (P); Henry Marris Wollman (NP) Mixed
09-02672 5/8/2009 11/28/2011 In favor of Claimants James A. and Annette Carter Charitable Remainder Trust; James A. Carter First Allied Securities, Inc.; First Allied Advisory Services, Inc.; Brookstone Securities, Inc.; Blair C. Mielke Los Angeles, California Brett Alcala, Esq. James M. Grady, Esq.; Corporate Officer, First Allied Advisory Services, Inc.; Brian P. Sweeney, Esq.; Matthew D. Watkins, Esq. Breach of contract; Breach of fiduciary duty; Negligence and negligent misrepresentation; Failure to supervise and respondeat superior Variable annuities $300,000.00 (compensatory) $10,000.00 Pre-award and post-award interest; Attorneys’ fees and expenses; Arbitration costs Ralph H. Erickson (P) William Lee Krantz, CFA (P); Jeffery E. Skogsbergh (NP) Mixed
09-02926 5/22/2009 11/9/2011 Claims settled Margaret K. Noble Richard Henry Angelotti; Edward Martin Rosenberg; Sterne Agee Financial Services, Inc. Tampa, Florida W. Andrew Clayton, Jr., Esq. (until on or about February 4, 2011); pro se (Margaret K. Noble) Pro se (Richard Henry Angelotti); Marc Dobin, Esq.; Peter J. Tepley, Esq.; Michael C. Addison, Esq. Violation of the Florida Securities and Investors Protection Act; Breach of fiduciary duty; Negligence; Breach of contract; Fraud; Negligent misrepresentation Infinium Labs (private stock offering); Phoenix Capital Opportunity Fund, LP (hedge fund); North Country Hospitality (direct loan and stock); Sackett’s Harbor Brewery (direct loan); eSuites Hotels, Inc. (partial mortgage interest, mortgage loan, debenture) $1,600,000.00 (compensatory and statutory damages) n/a Attorneys’ fees; Expectation losses; Costs Muriel Desloovere (P) Oliver J. Janney (P); Keith M. Crouse (NP) Mixed
09-04480 7/28/2009 11/21/2011 Claims settled Jamie Blumenthal; Nancy Blumenthal Emmett A. Larkin Company, Inc.; Gordon Hing; Don L. Torrillo; Brian J. Wahlfeld; Sterne Agee Clearing, Inc.; Sterne Agee Financial Services, Inc.; Sterne, Agee & Leach, Inc. Dallas, Texas Bryan T. Forman, Esq. David J. Feingold, Esq.; Nicholas S. Cerni, Esq.; Joseph F. Keenan, Esq.; Peter Tepley, Esq. Statutory and common law fraud under Texas law; Violation of Chapter 27.01 of the Texas Business and Commerce Code; Violations of Texas State Securities Act; Negligence and gross negligence; Breach of Contract; Breach of fiduciary duty; Breach of duty to warn; Fraudulent transfers; Misrepresentations and omissions; Violation of FINRA rules regarding churning, unauthorized trading, suitability, excessive trading, unauthorized use of margin, day trading, excessive commissions, failure to supervise, breach of duties owed to retail customer, duty of fair dealing equitable principles of trade, use of manipulative, deceptive or fraudulent devices or contrivances, violation of FINRA Rule 3130, and violation of FINRA Rule 1017; Successor liability; Control person liability, respondeat superior; Violations of Uniform Fraudulent Transfer Acts Shuffle Master, Inc. stock; China Medical Tech stock; Adobe Systems stock; Take-Two Interactive Software stock n/a n/a Unspecified actual/compensatory danages; Unspecified treble damages; Interest; Attorneys’ fees; Other costs; Other monetary relief Ann Blaess Kimball (P) Jeanne Crandall (P); Richard C. Corse (NP) Mixed
09-05113 8/31/2009 11/10/2011 Claims denied Margaret Harrison; Ian Harrison; Harrison Family Trust Wells Fargo Investments, LLC Los Angeles, California Patrick Baldwin, Esq.; Christopher Mader, Esq. Thomas F. Kopshever, Esq. Fraud and misrepresentation; Violation of Section 10(b) and Rule 10b-5 of the 1934 Act, Section 12(2) of the 1933 Act, California corporation Code §25400, et seq., and FINRA Conduct Rule 2120; Breach of fiduciary duty; Breach of contract; Suitability; Negligence; Negligent misrepresentation; Failure to observe high commerical standards; Breach of the implied covenant of good faith and fair dealing; Failure to supervise; Respondeat superior Unspecified mutual fund; Aucton Rate Securities $300,00.00 (compensatory) n/a Rescission of Claimants’ investments pursuant to California Corporations Code §25501; Consequential damages; Pre-judgment and post-judgment interest ($51,215.00); Punitive damages; Attorneys’ fees, including costs and expenses Constance Ellen Boukidis (P) n/a P
09-05510 9/16/2009 11/22/2011 Claims denied Donald Insul; Jacquelyn Hicks; Lillian Jalass; Lillian Jalass Trust Morgan Keegan & Company, Inc. Cleveland, Ohio James P. Graven, Esq. Avi Stadler, Esq.; S. Lawrence Polk, Esq. Breach of fiduciary duty; Misrepresentations and omissions; Suitability; Negligence; Failure to supervise; Breach of contract; Vicarious liability; Violation of FINRA Rules; Violation of the Tennessee Consumer Protection Act RMK bond fund $269,905.00 to $361,648.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other monetary relief Kevin R. Zehe (P) Kathleen Maher Zouhary (P); Robert G. Conway (NP) Mixed
09-05539 9/22/2009 11/11/2011 Claims denied Cindy Bridges-Ross Morgan Stanley Smith Barney a/k/a Citigroup Global Markets, Inc.; Iwona Alexandra Legge a/k/a Yvonne Zabaglo; Alison G. Konop; David L. Tuebner San Francisco, California Irwin Stein, Investor Recovery Service Adam Kauff, Esq. Fraud; Negligence; Misrepresentation; Breach of contract; Breach of fiduciary duty Unspecified securities $348,022.40 (compensatory damages) n/a Interest; Reimbursement for the reasonable costs in the prosecurtion of this claim; Unspecified punitive and exemplary damages Sterling N. Frost (P) James N. D’Orso (P); Nicholas J. Caputo (NP) Mixed
09-05637 9/25/2009 11/22/2011 Claims denied JoAnne Matina Joseph P. Matina; Merrill Lynch, Pierce, Fenner and Smith, Inc. Newark, New Jersey Devanshu L. Modi, Esq. John C. Kelly, Esq. Conversion; Breach of fiduciary duty; Theft; Negligence; Respondeat superior; Failure to supervise Exxon stock $265,780.82 (compensatory) n/a Unspecified punitive damages; Interest; Forum fees; Attorneys’ fees; Witness and production fees; Costs Joan M. Traub (P) Richard H. Hoenig (P); Leo J. Karwejna (NP) Mixed
09-05754 10/5/2009 11/22/2011 Claims settled Paul J. Allgyer; Mary E. Brown Ameriprise Financial Services, Inc. Houston, Texas Richard B. Fosher, Esq. Larry E. Mobley, Esq.; Thomas A. Roberts, Esq. Violation of Texas Securities Act; Breach of fiduciary duty; Negligence/negligent misrepresentation; Common law fraud; Breach of contract; Negligent supervision Variable annuities $750,000.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other monetary relief Jerry C. Prestridge (P) William Edward Buck, J.D. (P); Nathan Levy (NP) Mixed
09-06200 12/1/2009 11/3/2011 Claims denied Michael Padilla; PTC Acquisitions, LLC Citibank FSB; Citibank, NA; Citibank, SD; Citigroup Global Markets, Inc.; Nat Di Carlo; Robert Burke Martensen; Morgan Stanley Smith Barney; Smith Barney; Smith Barney Consulting Goup; The Catalina Group Los Angeles, California Javier H. van Oordt, Esq. Stacey M. Garrett, Esq. Intentional fraud; Negligent misrepresentation; Negligence; Placement into unsuitable investments; Failure to diversify; Failure to supervise; Breach of fiduciary duty and violations of and failure to implement NYSE Rule 405 “know your customer”; Violations of the Prudent Investment Advisors Act of 1940 (California Probate Code, Article 2.5, the Uniform Prudent Investor Act sections 16045-16054); Various violations of applicable truth-in-lending laws; Emotional distress as a result of Claimant Padilla’s staggering investment losses; Elder abuse Unspecified securities n/a n/a Net out of pocket loss; Determination of the amount of properly managed prudent accounts, less the amount remaining when Claimant Padilla closed his accounts; Disgorgement of self dealing loans and profits; Damages for emotional distress; Damages for elder abuse; Punitive damages; Costs (including expert fees); Legal fees; Costs related to the forum; Witness and production fees; Other costs and expenses Robert E. Jenks (P) David W. Dresnick (P); Dorothy B. Strackbein, CFP (NP) Mixed
09-06358 11/3/2009 11/16/2011 Claims settled Robert Russiello and Virginia Russiello, JTWROS; Virginia Russiello Rollover IRA Fidelity Brokerage Services LLC New York, New York Mike Amad, Esq. Robert E. Goldberg, Esq. Breach of contract; Misrepresentation; Violation of Florida Statute; Failure to supervise; Unsuitability; Negligence Unspecified securities $720,240.00 (compensatory damages); $1,440,480.00 (punitive damages) n/a Interest; Costs; Attorneys’ fees Lowell D. Johnston (P) Kenneth Diamond (P); Brian Ken Kawakami (NP) Mixed
09-06463 11/12/2009 11/11/2011 Claims settled Charles J. Young DDS Inc. PSP; Charles J. Young, DDS Newport Coast Securities; Gordon Patrick Carlson Los Angeles, California Michael Blumenfeld, Esq.; Robert Girard, Esq. Elizabeth Lowery, Esq.; Kevin L. Wheeler, Esq. Violation of FINRA Rule 2370; Violation of FINRA Rule 3030; Violation of FINRA Rule 3040; Violation of FINRA Rule 2110; Fraud; Material misrepresentations and omissions; Unsuitable recommendations; Breach of fiduciary duty; Failure to supervise; Financial absue of an elder Unspecified security $600,000.00 (compensatory) n/a Rescission of Claimants’ improper lending arrangement and an award of the full amount of the property loan plus interest; Attorneys’ fees; Punitive damages; Pre-judgment interest (10% per annum); Costs; Expert witness fees James A. Sigler (P) Anita Rae Shapiro (P); Henry Marris Wollman (NP) Mixed
09-06530 11/16/2009 11/1/2011 Claims settled Kenji Higuchi Hawthorne Advisory Group, LLC; William David Heiden, Jr.; Sammons Securities Company, LLC New York, New York Madelyn R. Shulman, Esq. Janene M. Marasciullo, Esq.; Pro se (William David Heiden, Jr.) Violations of Rule 2310 of the National Association of Securities Dealers (“NASD”) and section 10(b) of the Securities Exchange Act and Rule 10b-5, section 36b-4 of the Connecticut Uniform Securities Act (“CUSA”); Common law fraud; Breach of fiduciary duty; Breach of contract; Respondeat superior; Suitability; Misrepresentations; Failure to supervise; Negligence Unspecified securities $1,125,000.00 (compensatory damages) $400,000.00 (compensatory damages); Interest on $300,000.00 from April 4, 2008 until payment of the Award (18% per annum) Interest; Costs; Hearing fees; Expert fees; Attorneys’ fees; Unspecified punitive damages Andrew J. Gerber (P) Walter M. Schackman (P); Jeffrey P. Bachmann (NP) Mixed
09-06930 12/8/2009 11/8/2011 Claims denied Patsy L. Potter Mutual Service Corporation; SagePoint Financial, Inc.; Brent Allen McCune; Randall Scott Coble Kansas City, Missouri John J. Miller David J. Freniere, Esq.; Greg Curley, Esq. Violations of the Kansas Securities Act; Misrepresentations and omissions; Negligence; Breach of contract; Breach of fiduciary duty Unspecified securities $145,000.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees ($25,000.00); Other costs; Other monetary relief Walter N. Vernon, III (P) M. W. Gear (P); Lonnie L. Cunningham (NP) Mixed
10-00168 1/12/2010 11/10/2011 Claims settled Class Action Watch, a non-profit foundation; Jerry L. Davidson, individually and as Trustee of the Davidson Family Trust; Kathleen M. Davidson, individually and as Trustee of the Davidson Family Trust; Chris K. Williams, individually and as Trustee of the Williams Family Trust; Deborah J. Williams, individually and as Trustee of the Williams Family Trust; David Beecham, individually and on behalf of the David Beecham IRA; Jessie Beecham, individually and on behalf of the Jessie Beecham IRA Charles Schwab & Co., Inc.; The Charles Schwab Corporation; Charles Schwab Investment Management, Inc. San Francisco, California Brian D. Miller, Esq. Stephen Young, Esq. Violation of the Securities Exchange Act of 1934 §10(b), §20, and Rule 10b-5; Securities Exchange Act of 1933 §12 and §15; Breach of fiduciary duty and constructive fraud; Common law fraud and deceit; Violation of State Securities Statutes; Negligence and negligent misrepresentation; Breach of fiduciary duty; Breach of contract; Violation of Section 11 of the 1933 Securities Act Schwab YieldPlus Fund $500,000.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Prejudgment and post-judgment interest; Attorneys’ fees; Costs Michael Lancaster Garcia (P) Helen Marinak Blohm (P); Gary A. Hooker (NP) Mixed
10-00434 1/28/2010 11/16/2011 Claims denied Southwire Company First Tennessee Brokerage, Inc. Atlanta, Georgia Robert Palmersheim, Esq. Mark D. Griffin, Esq. Violation of FINRA Rule 2010; Violation of FINRA Rule 2310; Violation of FINRA Rule 3010; Violation of the Georgia Uniform Securities Act of 2008 O.C.G.A. §10-5-1, et. seq. Auction rate securities $4,250,000.00 (Rescission) n/a Disgorgement; Punitive damages; Costs; Attorneys’ fees; Statutory interest ($924,740.00) Donald M. Macdonald (P) Mohr Ernest Hill, III (P); David Blair Sinyard (NP) Mixed
10-00603 2/5/2010 11/26/2011 In favor of Claimants Jane Ellison Usher, both individually and as trustee for the Jane Ellison Usher Trust of October 20, 2000, and as custodian for Samuel T. Usher and Jackson A. Usher under the Uniform Gifts to Minors Act; Samuel T. Usher Todd A. Brooks; Scott S. Brooks; Bambi I. Holzer; Wedbush Securities Inc. Los Angeles, California Mark T. Drooks, Esq. Pro se (Todd A. Brooks); Pro se (Scott S. Brooks); H Thomas Fehn, Esq.; Charles LaChaussee, Esq.; John L. Erikson, Jr., Esq. Fraudulent misrepresentation and omissions; Intentional and negligent breach of fiduciary duty; Securities fraud; Negligence; Failure to supervise Commonwealth Income and Growth II and III; Behringer-Harvard REIT I; Behringer-Harvard Strategic Opportunity Fund; Highland Floating Rate Advisors Fund; Provident Shale Royalties 8 $1,657,996.00 (compensatory damages) $1,405,393.00 (compensatory damages); Specific performance, in return for the full amounts of the Award paid to them, Claimants shall assign and transfer to Respondents Holzer and Wedbush all rights, title and interest in and to the securities Interest (calculated at 5%, 7% or 10%) Kirtley M. Thiesmeyer (P) Holly Banafsheh (P); Anna Marie Turco (NP) Mixed
10-00860 2/23/2010 11/17/2011 In favor of Claimant Christopher Puglisi Citigroup Global Markets, Inc. Newark, New Jersey Philip M. Aidikoff, Esq.; Ryan Bakhtiari, Esq.; Steven B. Caruso, Esq. Hugo A. Hilgendorff, IV, Esq.; Matthew Plant, Esq.; Richard Szuch, Esq. Breach of fiduciary duty; Breach of contract; Fraud; Violations of FINRA, NASD and NYSE Rules; Unsuitability; Failure to supervise; Respondeat superior MAT Five bond fund $1,000,000.00 (compensatory damages) $706,759.00 (compensatory damages); Pre-judgment, simple interest accruing from January 1, 2009 to December 31, 2009 (4% per annum); Simple interest accruing from January 1, 2010 to December 31, 2010 (1.5% per annum); Simple interest accruing from January 1, 2011 until the Award is paid (.50% per annum); $375.00 (costs) Unspecified lost opportunity damages; Fees; Commissions; Costs; Unspecified punitive damages; Interest; Attorneys’ fees; Rescission Margaret Leggett Tarver (P) Edith M. Novack (P); Neal D. Baker (P) Public
10-00973 3/1/2010 11/30/2011 Claims settled Michael S. Fletcher; Linda Fletcher; Ronald Reifler, on behalf of Ronald Reifler Revocable Trust DTD 10/23/2007; John Speros, individually and as managing member of John Speros, LLC J.P. Turner & Company, L.L.C. Atlanta, Georgia Jeffrey B. Kaplan, Esq.; Brian Levin, Esq. Scott N. Sherman Breach of fiduciary duty; Misrepresentations and omissions; Negligence; Violation of federal securities laws, violation of the Georgia Blue Sky Act, and violation of the Maryland Blue Sky Act; Failure to supervise; Breach of contract Unspecified securities $510,000.00 (compensatory damages) n/a Damages based on fairness and equity; Full rescission of the Provident and DBSI investments, plus prejudgment interest on all such damages (statutory rate); Prejudgment interest on all such compensatory damages (statutory rate); Punitive damages; Attorneys’ fees; Costs Mollie Wagner Neal (P) William P. McCorkle (P); John H. Beach (NP) Mixed
10-01154 3/8/2010 11/1/2011 Claims settled Ernest Perea; Rita M. Perea Ameriprise Financial Services, Inc.; Ryan C. Surber; Michael Franke Des Moines, Iowa Thomas S. Reavely, Esq. Howard Klausmeier, Esq. Breach of contract; Exchanges; Failure to supervise; Breach of fiduciary duty; Negligence; Misrepresentations; Omission of facts; Suitability; Unauthorized trading; Transfers Term life insurance policies; Variable life insurance policies; Pension fund; Rollover individual retirement account $505,970.57 (compensatory damages); $200,000.00 (exemplary/punitive damages) n/a Attorneys’ fees; Other costs; Other monetary relief Andrew R. Dick (P) Herbert S. Bratt (P); Daniel W. Wright (NP) Mixed
10-01317 3/15/2010 11/3/2011 Claims settled Jose G. Flores; Gladys Aponte Jeffrey Lopez; Carlos Pou; UBS Financial Services Incorporated of Puerto Rico; UBS Financial Services, Inc. San Juan, Puerto Rico Rafael E. Lugo-Sotomayor, Esq. Roberto C. Quinones-Rivera, Esq.; Anibal Lugo-Miranda, Esq.; Robert J. Harvey, Esq. Suitability; Breach of fiduciary duty; Gross negligence; Failure to supervise Securities: Popular Inc.; Doral Financial; R&G Financial Corp.; Western Holding; UBS Proprietary Close-End Puerto Rico Bond Funds $2,700,000.00 (compensatory damages); $2,100,000.00 (punitive damages) n/a Interest ($150,000.00); Rescission; Costs and forum fees; Attorneys’ fees Nancy J. Cliff (P) Todd M. Saunders (P); Robert H. Hagan (NP) Mixed
10-01403 3/23/2010 11/7/2011 Claims denied Alliance Semiconductor Corp. J.P. Morgan Securities Inc. (as successor in interest to Bear, Stearns & Co.) San Francisco, California Robert S. Chapman, Esq. Jonathan K. Youngwood, Esq. Breached fiduciary obligations; Misrepresented and/or omitted critical facts, including the liquidity risks; Negligently failed to properly supervise its brokers; Intentionally and/or negligently recommended grossly unsuitable investments; Breached the New York Agreement to which Claimant is a third-party beneficiary Ambac Auction Rate Securities $56,000,000.00 (compensatory damages) n/a Unspecified punitive damages; Recission; Interest; Fees Jeffrey M. Allen (P) Gary H. Kahn (P); Herbert L. Brown (NP) Mixed
10-01545 3/31/2010 10/31/2011 In favor of Claimant Glenna L. Maguire, individually and as trustee of the UTD 7/26/07 FBO Glenna L. Maguire Trust George Jeffrey Dahl; Wedbush Securities Inc. Los Angeles, California Peter B. Dolan, Esq. Charles LaChaussee, Esq. Breach of fiduciary duty-suitability; Breach of fiduciary duty-failure to supervise; Negligence; Common law fraud; Violation of California Corporations Code §25401; Violation of Welfare & Institutions Code §15600 et seq. and Civil Code §3345 Unspecified securities In excess of $300,000.00 (compensatory damages) $12,500.00 (compensatory damages) Consequential damages (in excess of $100,000.00); Damages for emotional distress; Costs and expenses, including attorneys’ fees and arbitration fees; Unspecified punitive/exemplary damages; Pre Award interest on amounts sought (10% per annum) Robert E. Jenks (P) Robert E. Lawson, Sr. (P); John Alen DeRosa (NP) Mixed
10-01664 4/6/2010 11/5/2011 In favor of Claimants Bruce Ballinger; Susan Ballinger; Michelle Caforio; Charles Davis; Sandra Davis; Sandra Foster; Susan Friede; Susan Hammond; Doug Hammond; Robyn Hendershot; Joan Lerner; Sanford Lerner; Steven Ruby; Lola Stanley; Stephen Vail; Judy Vincent; Michael Wei Evolve Securities, Inc.; QA3 Financial Corp.; Jeremy M. Hart Denver, Colorado Steven M. Feder, Esq. Scot Lenior; Victoria H. Buter, Esq. Suitability; Negligence and negligent supervision; Breach of fiduciary duties; Common law fraud; Negligent misrepresentation; Violation of the Colorado Securities Act; Violation of the Federal Securities Laws; Violation of the Colorado Organized Crime Control Act C.R.S. §18-17-1010, et seq.; Violation of the Colorado Consumer Protection Act Promissory notes $1,894,114.00 (compensatory damages) $2,168,379.00 (compensatory damages) Prejudgment interest (8% per annum from the date of the investment in the amount of $448,861.84); Treble damages ($7,028,927.52); Attorneys’ fees ($2,342,945.84) Arthur E. Otten, Jr (P) David L. Erickson (P); Lawrence Douglas Brookes (NP) Mixed
10-02080 5/3/2010 11/18/2011 Claims settled Bernard W. Rothschild, individually and on behalf of the Bernard Rothschild Revocable Living Trust U/A/D 12/01/94, as amended and restated on March 18, 2008, and as president of The Bernard W. Rothschild Foundation, Inc. Citigroup Global Markets, Inc. d/b/a Smith Barney Tampa, Florida W. Andrew Clayton, Jr., Esq.; Jessica Lively Clayton, Esq. Jon A. Jacobson, Esq. Violation of the Florida Securities and Investor Protection Act with respect to Respondent’s unsuitable recommendations and negligent investment advice; Equitable rescission; Breach of fiduciary duty; Negligence; Breach of contract; Fraud; Negligent misrepresentation Legg Mason Growth; Legg Mason Opportunity; GNMA PL 07/78 8.5%; Merger Aim Aggressive Growth Fund; Merger Aim Constellation Fund; Alpine Global Premier; Advent/Claymore Global Convertible Securities; Ivy Asset Strategy Fund; Legg Mason Opporunity Trust; Capital Wolrd Growth & Income $382,000.00 (compensatory damages) n/a Statutory interest; Rescission; Attorneys’ fees; Costs Kenneth R. Starr (P) Manuel Schultz (P); Ronald W. Lasday (NP) Mixed
10-02249 5/10/2010 11/21/2011 In favor of Claimants Robert Trumper; Karen Trumper CapWest Securities, Inc.; Ronald Lee Ellis; Dale Keith Hall; Kathleen Louise Heshelow; Timothy James Kenkel; Lawrence William Lambert; Edward Lowry Price; Jeffrey Jon Pridey; Kent Waldene Pridey Denver, Colorado Dave Neuman, Esq. H Thomas Fehn, Esq.; Pro se (Ronald Lee Ellis); Pro se (Timothy James Kenkel); Pro se (Edward Lowry Price) Violation of Colorado Securities Act (“CSA”); Violation of the Colorado Consumer Protection Act; Common law fraud and misrepresentation; Violations of Section 2110 Conduct Rules of the NASD; Violation of Section 2120 Conduct Rules of the NASD; Violation of Section 2310 Conduct Rules of the NASD; Violation of Section 3010 Conduct Rules of the NASD; Breach of fiduciary duty; Negligence and negligent supervision; Respondeat superior Striker Petroleum; Medical Capital Corporation (“Med Cap”), including Med Cap IV and Med Cap V $2,250,000.00 (compensatory damages) $550,000.00 (compensatory damages); Interest, attorneys’ fees and direct costs ($7,500.00 against each Respondent) Unspecified punitive damages; Interest on the foregoing amount; Attorneys’ fees; Costs Donald N. Tolin (P) Bruce J. Pederson (P); Helen P. Love (NP) Mixed
10-02299 5/12/2010 11/10/2011 Claims settled Dramm, Inc. UBS Financial Services Inc. Miami, Florida Jeffrey Erez, Esq. Wes Holston, Esq. Breach of fiduciary duty; Negligence; Negligent supervision; Fraud; Breach of contract; Violation of the Florida Securities and Investor Protection Action; Violation of the New Jersey Uniform Securities Law Lehman Brothers preferred stock $3,840,000.00 (compensatory damages) n/a Unspecified punitive damages; Rescission; Interest; Costs; Attorneys’ fees Lewis J. Levey (P) Jeffrey R. Roth (P); John H. Claudy (NP) Mixed
10-02339 6/9/2010 11/10/2011 Claims denied Madhok Family Trust dated 1/13/1997 Charles Schwab & Co., Inc. San Francisco, California Thomas D. Mauriello, Esq. Gordon C. Young, Esq. Negligence; Breach of fiduciary duty; Breach of contract; Negligent misrepresentation; Fraud and deceit (California Civil Code §§1572, 1709, and 1710); Business & Professions Code sec. 17200 (Unfair Business Practices); California Corporations Code §§25401 and 25501 Schwab California Tax-Free YieldPlus Fund $831,000.00 (compensatory damages) n/a Rescission; Pre-judgment interest; Post-award interest; Filing and hearing fees; Abritration costs and reasonable attorneys’ fees; Exemplary or punitive damages Michael Lancaster Garcia (P) Ronald J. Vernall (P); James D. Murray (NP) Mixed
10-02646 6/4/2010 11/14/2011 Claims denied Robert B. West UBS Financial Services, Inc. New York, New York Kevin Galbraith, Esq. Mark D. Knoll, Esq.; A. Inge Seldon III, Esq. Securities fraud; Common law fraud and misrepresentation; Unsuitability; Breach of fiduciary duty; Breach of contract; Failure to disclose a material conflict of interest; Negligence; Respondeat superior; Control person liability; Failure to supervise in violation of federal securities laws and FINRA rules Lehman Brothers issued notes $86,050.00 (compensatory damages) n/a Rescission; Pre and post-award interest; Costs; Attorneys’ fees; Punitive damages Dwight Wassong (P) n/a Public
10-02669 6/3/2010 11/9/2011 In favor of Claimant Steve Stolaruk Pershing, LLC; Equitas America, LLC; Kenneth David Warnick; Paul Leo Stanley Detroit, Michigan Charles M. Penzien, Esq.; Benjamin J. Aloia, Esq. Melvin G. Moseley, Jr., Esq.; Gregory M. Kilby, Esq.; Brian Hemker; Mark L. Kowalsky, Esq.; David M. Saperstein, Esq. Breach of fiduciary duty; Fraud; Breach of duty to know the customer; Breach of duty to supervise; Breach of contract; Negligence Unspecified securities $1,227,142.99 (compensatory damages); $2,000,000.00 (punitive damages) $200,000.00 (compensatory damages) Interest; Attorneys’ fees (in excess of $144,294.11) Jeffry M. Bauer (P) Peter Christ Rageas, J.D. (P); Kenneth Rochlen (NP) Mixed
10-02770 6/11/2010 11/8/2011 Claims denied Lois W. Reed, individually and as Trustee of the Lois W. Reed Trust, dated 3/2/97 Robert W. Baird & Co., Incorporated Columbus, Ohio Andrew M. Holford, Esq. Gregory G. Wille, Esq. Breach of fiduciary duty; Negligence; Respondeat superior; Breach of contract; Violation of NASD rules Unspecified securities $153,377.00 (compensatory damages) n/a Interest; Attorneys’ fees; Other costs Thomas R. Skulina (P) Benjamin B. Segel (P); Mary Ten Eyck Taylor (NP) Mixed
10-02869 6/18/2010 11/10/2011 Claims settled Paula Fives-Taylor AXA Advisors, LLC; LPL Financial LLC; Charles Nelson Dinklage Montpelier, Vermont Chad N. Cagan, Esq. Eilott R. Good, Esq.; Brian J. Palmeri, Esq. Unsuitability; Breach of fiduciary duty; Fraud and misrepresentations; Negligence; Breach of contract; Respondeat superior; Violations of securities law and self regulatory organization rules; Aiding and abetting; Failure to supervise Unspecified securities $212,000.00 (compensatory damages) n/a Market adjusted damages; Punitive damages; Pre- and post-judgment interest; Attorneys’ fees; Costs Elizabeth K. Norsworthy (P) Albert J. Cirone, Jr. (P); Jack B. Golden (NP) Mixed
10-02944 6/24/2010 11/7/2011 Claims dismissed John M. Trani B.C. Ziegler and Company; Michael Alan Kramer; Brad Elliot Zeisse Hartford, Connecticut Jeremy A. Mellitz, Esq. Matthew J. Flynn, Esq.; Jonathan W. Hackbarth, Esq. Breach of contract; Breach of fiduciary duty; Suitability; Misrepresentation; Omission of facts; Negligence; Failure to supervise; Failure to disclose material facts Bonds $417,000.00 (compensatory damages) n/a Unspecified punitive damages; Pre-award interest; Attorneys’ fees; Forum fees; Costs Thomas J. Donoghue (P) Lawrence S. Brick (P); Richard Slavin (NP) Mixed
10-02950 6/22/2010 11/1/2011 Claims settled Richard Guido Citigroup Global Markets, Inc. New York, New York Mitchell Markowitz Adam Kauff, Esq. Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; False and misleading statements; Negligent supervision; Violation of various FINRA rules; Respondeat superior Unspecified securities $250,000.00 (compensatory damages) n/a Costs Dora M. Lassinger (P) Ernesto V. Luzzatto (P); David Jeremy Mattana (NP) Mixed
10-02979 7/13/2010 11/16/2011 Claims denied Robert Stafford, Sr.; Cynthia Stafford; Robert Stafford, Jr. Morgan Stanely Smith Barney Los Angeles, California Paul S. Chan, Esq.; Roger H. Foster, Esq. Cassandra Knight, Esq.; Melissa Muehlfeld, Esq. Sale of unsuitable annuities; Allocation to accounts for the sole purpose of generating broker fees and commissions; Sale of unsuitable investments; Breach of fiduciary duty; Failure to supervise Variable rate annuities; International securities; Auction rate securities $1,274,759.00 (compensatory damages); at least $500,000.00 (punitive damages) n/a Disgorgement of brokerage commissions and fees; Attorneys’ fees ($229,000.00); Annuity commissions ($20,000.00); Costs, including the costs of arbitration Elliot Zachary Seff (P) Willard H. Altman, Jr. (P); Chuba B. Abaelu (P) Public
10-03084 6/29/2010 11/9/2011 In favor of Claimants John Edward Smith, Jr., individually and as owner of John Edward Smith, Sr. IRA and the John Edward Smith, Sr. Annuity; Carolyn K. Smith, individually, and as owner of the Carolyn K. Smith IRA Wells Fargo Advisors, LLC Tampa, Florida Eric E. Ludin, Esq. Peter B. King; Robert K. Jamieson, Esq. Suitability (negligence); Negligent supervision; Misrepresentation; Breach of fiduciary duty; Common law fraud Mutual funds; Unspecified securities; Variable annuities $540,495.00 (compensatory damages) $55,485.70 (compensatory damages); Post judgment interest (Florida statutory rate); Costs ($375.00) Pre-judgment interest; Punitive damages; Costs; Attorneys’ fees Muriel Desloovere (P) Jacquelyn M. Shannon P.A. (P); Alison Hardage (NP) Mixed
10-03186 7/9/2010 11/18/2011 Claims settled Earl I. Duhon; Lillie H. Duhon Merrill Lynch, Pierce, Fenner & Smith, Inc.; Merrill Lynch Life Agency, Inc.; Robert T. Shriver Houston, Texas Thomas Kiehnoff, Esq. Martha F. McDugald, Esq. Breach of fiduciary duty; Misrepresentations/omissions; Churning; Breach of contract; Promissory estoppel; Violation of state securities/fraud statutes; Vicarious liability under theory of respondeat superior Unspecified securities, including two Prudential Annuity contracts $250,000.00 (compensatory damages); $500,000.00 (exemplary/punitive damages) n/a Interest; Attorneys’ fees; Other monetary relief Richard F. Dole, Jr. (P) Robert Alan Meyer (P); Mobley E. Cox, Jr. (NP) Mixed
10-03328 7/22/2010 11/17/2011 Claims settled Vincent Bellino Wachovia Securities, LLC n/k/a Wells Fargo, LLC Newark, New Jersey Marc D. Ramundo, Esq. Megan Marmion Christensen, Esq. Breach of fiduciary duty; Churning; Misrepresentation/non-disclosure; Unauthorized trading; Failure to supervise; Margin calls; Negligence Nationwide annuity $290,000.00 (compensatory damages) n/a Unspecified punitive damages; Attorneys’ fees; Costs; Interest Fred S. Pieroni (P) Jonathan Christian Byron (P); Ronald R. Niclas (NP) Mixed
10-03431 7/27/2010 11/14/2011 In favor of Claimants David Pessel IRA; David Pessel Roth IRA; Eric Pessel IRA; Eric Pessel Trust Account; Jason Pessel IRA; Jason Pessel Roth IRA; Jason Pessel; Cara Pessel; Eric Pessel; Rhona Pessel IRA; Rhona Pessel Roth IRA; Sylvia Stiftel Trust Morgan Keegan & Company, Inc. Denver, Colorado Howard B. Prossnitz, Esq. George C. Freeman, III, Esq.; Jamie L. Berger, Esq. Violation of Rule 10(b)5 of the Securities Act of 1934; Violation of Colorado Securities Act RMK Advantage Income Fund $237,156.86 (compensatory damages); $41,855.00 (compensatory damages); Post-judgment interest (8% per annum) Pre-judgment statutory interest; Costs; Attorneys’ fees; Hearing fees Charles G. Michaels (P) Thomas L. Dueber (P); Melissa Dawn Hubbard (NP) Mixed
10-03472 7/26/2010 11/14/2011 Claims settled Estate of Daniel Thomas Hardy, III; Estate of Susan Hardy Killgore; Daniel Thomas Hardy, IV; Mary H. Spivey Stifel, Nicolaus & Co., Inc. New Orleans, Louisiana Jessica M. Vasquez, Esq.; James F. Willeford, Esq. James C. Browning, Jr. Breach of fiduciary duty; Breach of contract; Violation of federal and state securities laws; Violation of NASD and FINRA Rules Unspecified securities $200,000.00 (compensatory damages) n/a Interest; Punitive damages; Disgorgement; Attorneys’ fees Leonard E. Benade (P) Simeon B. Reimonenq, Jr. (P); Dale A. Kaliszeksi (NP) Mixed
10-03642 8/12/2010 11/16/2011 In favor of Claimants Frank M. Taylor; Taylor Affiliates, LLC Securian Financial Services, Inc.; Salvatore Joseph Durso Detroit, Michigan Adam J. Brody, Esq. Larry King, Esq. Misrepresentations; Failure to supervise; Respondeat superior; Unauthorized transactions; Suitability Unspecified real estate transactions $4,200,000.00 (compensatory damages) $2,375,000.00 (compensatory damages); Post-award interest (rates set forth under MCLA 600.6013) Punitive damages; Interest; Attorneys’ fees; Other costs Jeffry M. Bauer (P) Michael J. Meeusen (P); Dana Ray Darnell (NP) Mixed
10-03672 8/11/2010 11/2/2011 Claims settled Dale J. Scholl Ameriprise Financial Services, Inc. Milwaukee, Wisconsin Richard B. Fosher, Esq. Howard Klausmeier, Esq. Breach of fiduciary duty; Breach of contract; Negligence; Negligent misrepresentations; Omissions; Common law fraud; Violation of Wisconsin’s Securities Act Variable annuities $500,000.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Other Costs; Other monetary relief James P. O’Donnell (P) Richard H. Porter (P); Gregory G. Wille (NP) Mixed
10-03719 8/17/2010 11/3/2011 In favor of Claimant Jack R. Beattie, individually and on behalf of any IRA, Trust or other Custodial Accounts Merrill Lynch, Pierce, Fenner & Smith Inc. Orlando, Florida Philip J. Snyderburn, Esq. Neil S. Baritz, Esq.; Robert C. Harris, Esq. Fraudulent inducement; Misrepresentations and omissions; Breach of fiduciary duty; Negligence; Breach of contract MetLife annuity; Prudential annuity $600,000.00 (compensatory damages) $230,000.00 (compensatory damages); Post-judgment interest (6% per annum) Interest; Costs; Future lost income; Death benefit step-ups; Punitive damages Diana A. Weiner (P) Marc T. Danon (P); Marc S. Piven (NP) Mixed
10-03776 8/23/2010 11/28/2011 In favor of Claimants Larry Friedman; Barbara Friedman Oppenheimer & Co., Inc. Philadelphia, Pennsylvania David E. Robbins, Esq. Michael McAllister, Esq.; Michael Gibbons, Esq. Misrepresentations and omissions; Unsuitability; Breach of fiduciary duty; Violations of FINRA’s conduct rules; Violations of the Pennsylvania Securities Act; Negligent supervision Auction rate securities $625,000.00 (compensatory damages) $625,000.00 (compensatory damages in exchange for a return of the securities) Recission; Interest; Attorneys’ fees; Costs Michael E. Scullin (P) David F. Griesing (P); Catherine S. Kopley (NP) Mixed
10-03779 8/17/2010 11/22/2011 Claims denied Cynthia A. Osofsky; R. Sidney Osofsky; JTWROS Morgan Stanley Smith Barney; Bridget Shaw Columbia, South Carolina Pro se (Cynthia A. Osofsky; R. Sidney Osofsky; JTWROS) Gregg P. Garneau Misrepresentations; Omissions; Misleading LEH Bros. Hold Dtd 10/25/04 Series G R/MD; LEH Bros. Hold Dtd 1/22/08 R/MD $42,197.96 (compensatory damages) n/a Costs; Interest; Loss on the sale of securities ($3,840.00) John F. Allgood (P) n/a Public
10-03824 8/26/2010 11/16/2011 Claims settled Mary V. Daige Wells Fargo Advisors, LLC Albuquerque, New Mexico Christopher J. Gray, Esq. Judy Louie, Esq. Mismanagement of Claimant’s account in violation of applicable standards including FINRA Rule 2310 and New York Stock Exchange Rule 405; Breach of fiduciary duty; Professional negligence; Breach of contract under common law; Failure to supervise Mutual funds $95,000.00 (compensatory damages); n/a Lost profits and income; Pre-judgment interest; Fees; Costs Susan M. Thevenet (P) n/a Public
10-03879 8/30/2010 11/7/2011 In favor of Claimants Martin Kupferberg; Dora Kupferberg Alternative Wealth Strategies, Inc.; Edward Scro; Seniors Resource; Workman Securities Corporation New York, New York Timothy Feil, Esq. James C. Gaul; Edward Scro; Luigi Spadafora, Esq. Rule 10B-5 fraud; Common law fraud; Negligence; Negligent misrepresentation; Breach of fiduciary duty; Breach of contract; Failure to supervise Unspecified securities $330,000.00 (compensatory damages) $70,000.00 (compensatory damages); Costs ($300.00) Interest (at legal rate from March 2008); Costs; Fees; Attorneys’ fees; Unspecified punitive damages Martin Mushkin (P) John Michael Richardson (P); Mark Hammaren (NP) Mixed
10-03922 8/30/2010 11/11/2011 Claims denied Rosemary Intagliata Royal Alliance Associates, Inc. St. Louis, Missouri Michael M. Steinmetz, Esq. Justin I. Sacca, Esq. Fraud; Negligence misrepresentation; Breach of fiduciary duty and breach of the covenants of good faith and fair dealing; Negligent supervision; Breach of conduct; Respondeat superior Mutual funds $33,945.42 (compensatory damages) n/a Attorneys’ fees; Other costs Albert J. Haller (P) n/a Public
10-03937 8/31/2010 11/17/2011 In favor of Claimant Annette M. Burton Advent Securities, Inc.; Community Bankers Securities, LLC; Richard Edward Landi; William Clarke Scott; Waterford Investor Services, Inc. Richmond, Virginia Andrew R. Park, Esq.; David J. Sensenig, Esq. Steven S. Biss, Esq.; Richard Landi; Henry Willett, Esq.; Frank J. Wainscott Violations of the Virginia Securites Act and other Blue Sky statutes; Violations of the federal securities laws; Common law fraud; Breach of fiduciary duty; Negligence; Breach of contract; Failure to supervise and negligent hiring; Violations of state, federal, FINRA, NASD and NYSE rules and regulations; Principles of agency, vicarious liability, respondeat superior and control person liability; General equitable principles that apply in FINRA arbitrations Private placement notes $100,000.00 (compensatory damages) $35,000.00 (compensatory damages) Rescission; Lost opportunities incurred; Punitive or exemplary damages; Return of all commissions, markups, markdowns, fees; Pre-award interest ($24,000.00); Post-award interest (6% per annum); Costs of arbitration; Attorneys’ fees and costs ($44,814.00); Other costs; Disgorgement of commissions ($6,500.00) Henry G. Plaster (P) n/a Public
10-03972 8/27/2010 11/14/2011 Claims denied Aviva Apel Brian Gold; Merrill Lynch, Pierce, Fenner & Smith Inc.; Izhar Shefer Miami, Florida David J. Shea, Esq.; Frank T. Aiello, Esq. Julie Wilson Portera, Esq.; Joel M. Everest, Esq. Common law negligence; Breach of contract; Breach of fiduciary duty; Federal securities fraud; Violations of the Florida Securities and Investor Protection Act; Violations of the Florida Deceptive and Unfair Trade Practices Act; Negligent supervision; Respondeat superior Riversource Precious Metals and Mining Fund shares $445,585.00 (compensatory damages) n/a Loss of profits; Attorneys’ fees; Costs; Pre-judgment interest; Post-judgment interest; Punitive damages Daniel P. Lund (P) Gary W. Pollack (P); Robert Charles Stamm (NP) Mixed
10-04009 9/7/2010 11/22/2011 Claims settled David Campbell; Lu Ann Davis Scott William Baker; James R. Holdman; John Harvey Jessum; Scott D. Johnson; David Eric Niederkrome; NWT Financial Group, LLC; Penson Financial Services, Inc.; Stephen Rudolph Rodgers New Orleans, Louisiana Joseph C. Peiffer, Esq.; Lance C. McCardle, Esq. David Gaba, Esq.; James K. Barbee, Esq.; Pro se (James R. Holdman); Anne Richey Myles, Esq.; Pro se (NWT Financial Group); Mark G. Hanchet, Esq. Breach of fiduciary duty; Breach of contractual duty; Breach of delictual duty Private placement hedge funds Unspecified amount (compensatory damages) n/a Rescission; Disgorgement; Severe mental anguish and anxiety; Attorneys’ fees; Costs; Pre- and post-judgment interest; Punitive damages Mark C. Watler (P) James E. Bolin, Jr. (P); Eric M. Schorr (NP) Mixed
10-04030 9/8/2010 11/18/2011 In favor of Claimant Jeanne B. Smiley Morgan Keegan & Company, Inc. Atlanta, Georgia Richard S. Frankowski, Esq. Curt R. Soefker Breach of fiduciary duty; Breach of contract; Unsuitability; Violations of the Georgia Securities Act RMK Strategic Income Fund Unspecified amount (compensatory damages) $10,366.14 (compensatory damages); Pre- and post-judgment interest (10% per annum to accrue from June 15, 2008 until the date of payment) Rescissonary damages; Attorneys’ fees; All net out of pocket losses; All charges to the account; Lost earnings; Pre-judgment interest; Post-judgment interest; Punitive damages Mary Margaret Bush (P) n/a Public
10-04227 9/20/2010 11/23/2011 Claims dismissed Illuminated Solutions, Inc.; Robert Zveibil Banc of America Investment Services, Inc.; National Financial Services LLC Miami, Florida David M. Shenkman, Esq.; Christopher J. Lynch, Esq.; Gerald J. Tobin, Esq.; Howard Brodsky, Esq. Martin B. Woods, Esq.; Julie Wilson Portera, Esq. Breach of contract; Failure to supervise; Negligence; Breach of fiduciary duty; Clearing dispute Unspecified bond $38,480,000.00 (compensatory damages) n/a Costs and forum fees; Interest; Attorneys’ fees Gerald Silverman (P) Seth L. Finkel (P); Jonathan H. Parker (NP) Mixed
10-04264 9/22/2010 11/28/2011 Claims settled Mark Oslick Stephen Cordasco; RBC Capital Markets Corporation; David Zane Philadelphia, Pennsylvania Daniel M. Hanifin, Esq. Joseph F. Keenan, Esq. Failure to follow instructions; Unauthorized trading; Failure to supervise; Violation of Pennsylvania’s Unfair Trade Practices and Consumer Protection law Variable annuities $25,000.00 (compensatory damages) n/a Punitive damages; Attorneys’ fees; Costs Thomas Benjamin Salzer (P) n/a Public
10-04272 9/22/2010 11/1/2011 Claims denied Michele Perillo Citigroup Global Markets, Inc.; Morgan Stanley Smith Barney Phoenix, Arizona Lawrence J. Felder, Esq.; William Fisher, IV, Esq. Raul Sanchez, Esq. Execution of an unauthorized transaction; Breach of contract; Breach of convenant of good faith and fair dealing; Employment of a device, scheme or artifice to defraud; Making an untrue statement of material fact; Engaging in a transaction, practice, or course of business which operates as a fraud or deceit; Violation of the Arizona Securities Act, A.R.S. §44-1801 et seq.; Failure to assess Claimant’s financial situation or goals ; False representation Sequenom, Inc. stock $111,934.25 (compensatory damages) n/a Punitive damages; Attorneys’ fees; Costs; Interest (10% per annum) Jay Lawrence Witkin (P) Amy W. Fellner, J.D. (P); Lanny M. Leff (NP) Mixed
10-04362 9/28/2010 11/3/2011 Claims settled Emil Jean Royers; Mary C. Royers Edward Jones; Anthony W. Pitstick; TradeKing Cincinnati, Ohio Richard P. Royers, POA Dennis J. Capriglione, Esq.; James M. Moriarty, Esq. Breach of fiduciary duty; Unauthorized trading; Negligence Unspecified securities, including bonds, mutual funds, and options Unspecified amount (compensatory damages) n/a Treble damages; Interest; Attorneys’ fees; Other costs; Other non-monetary relief Harlita H. Robinson-Tomlinson, CPA (P) Stephen John Schaller (P); Bert S. Cliff (NP) Mixed
10-04374 9/24/2010 11/22/2011 Claims denied Jerry W. Wiley and Grisel M. Wiley, Individually and as Trustees and Owners of the Grisel Wiley Living Trust, Jerry W. Wiley Irrevocable Life Insurance Trust, and Grisel Wiley Irrevocable Life Insurance Trust Ameriprise Financial Services, Inc. Kansas City, Missouri John J. Miller, Esq. Ronald P. Kane, Esq. Violations of the Kansas Securities Act; Misrepresentation and omission; Negligence; Breach of contract; Breach of fiduciary duty Ameriprise-affiliated variable life “second to die” policies $400,000.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Other costs; Other monetary relief John R. Loss (P) Sherry L. Robinson (P); Michael J. Hunter (NP) Mixed
10-04406 9/30/2010 11/18/2011 Claims settled Matthew Borden Janney Montgomery Scott LLC Philadelphia, Pennsylvania Adam Green, Esq. Joshua Dutill, Esq. Common law fraud; Breach of contract; Breach of fiduciary duty; Negligence; Misrepresentations; Omission of facts; Suitability; Violations of the securities laws and regulations of the Commonwealth of Pennsylvania Pro Share Ultra Short Funds $100,000.00 (compensatory damages) n/a Attorneys’ fees; Costs; Interest Michael P. Marryshow (P) n/a Public
10-04661 10/15/2010 11/1/2011 In favor of Claimant Claire F. Cicalese Alternative Wealth Strategies, Inc.; James Carl Gaul; Gregory Thomas Kwasnicki; Jeffrey Rachlin Newark, New Jersey Alan Gilmore, Esq. James C. Gaul; Pro se (James Carl Gaul); Pro se (Jeffrey Rachlin) Misrepresentation; Unsuitability; Sale of unregistered securities; Violation of state and federal securities laws; Violation of FINRA conduct rules; Failure to supervise; Breach of contract; Breach of fiduciary duty; Fraud; Common law fraud Promissory notes $157,000.00 (compensatory damages) $97,000.00 (compensatory damages) Interest; Punitive damages; Costs; Attorneys’ fees Robert E. Anderson (P) Barbara Weisman (P); Joan Marie Chiusano (NP) Mixed
10-04961 11/2/2010 11/18/2011 Claims denied Douglas R. Mack and Dianne W. Mack, as Joint Tenants; Douglas R. Mack, on behalf of the IRA FBO Douglas R. Mack, Pershing LLC as Custodian Roth Account, SEP FBO Douglas R. Mack Pershing LLC as Custodian, Douglas R. Mack Simple IRA-Pershing LLC Cust, and the IRA FBO Douglas R. Mack Pershing LLC as Custodian; Dianne W. Mack on behalf of the IRA FBO Dianne W. Mack, Pershing LLC as Custodian Roth Account, and the IRA FBO Dianne W. Mack Pershing LLC as Custodian Money Concepts Capital Corp. Columbus, Ohio Marnie C. Lambert, Esq. Robert N. Rapp, Esq. Breach of fiduciary duty; Negligence; Suitability; Failure to supervise; Breach of contract; Respondeat superior; Violation of NASD and NYSE Conduct Rules Unspecified securities $1,090,355.00 (compensatory damages) n/a Unspecified exemplary/punitive damages; Interest; Attorneys’ fees; Expert fees ($11,120.00); Costs ($5,996.00); Other monetary relief Gregory P. Szuter (P) W. Sean Kelleher (P); Robert P. Fogarty (NP) Mixed
10-05040 11/2/2010 11/16/2011 Claims settled Florian P. Wisniewski; Marilyn A. Wisniewski Wells Fargo Advisors, LLC Chicago, Illinois Benjamin Lapin Alan S. Rafterman, Esq. Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; Negligent supervision; Respondeat superior Russell Mutual funds $100,000.00 (compensatory damages) n/a Other costs Stephen C. Esposito (P) n/a Public
10-05310 11/18/2010 11/21/2011 In favor of Claimant Linda L. Elsner; Gerald G. Elsner Roger Clement; Clement Financial Services, Inc.; Proequities, Inc.; Jeffrey W. Reeves Little Rock, Arkansas John Ogles, Esq Thomas Vays, Esq. Suitability; Misrepresentation; Negligence Variable annuities and REIT’s $245,000.00 (compensatory damages); $48,500.00 (punitive damages) $62,899.24 (compensatory damages); Costs ($300.00) Pre-judgment interest at 6% ($59,055.00); Costs and forum fees; Attorneys’ fees Eric Spencer Buchanan (P) Frances S. Fendler (P); Matthew R. Salamon (NP) Mixed
10-05371 11/22/2010 11/5/2011 Claims denied Judith A. Schmitt Wells Fargo Advisors, LLC f/k/a Wachovia Securities, LLC Boston, Massachusettes Christopher McHallam, Esq. Christopher P. Litterio, Esq. Unsuitability; Failure to follow instructions; Overconcentration; Omitting material facts from Claimant pertaining to risks; Breach of fiduciary duty Mutual funds $216,911.00 (compensatory damages) n/a Unspecified punitive damages; Interest; Attorneys’ fees; Costs; Other damages Arthur J. Giacomarra (P) William I. Carmen (P); Susan Largay (P) Public
10-05661 12/16/2010 11/11/2011 Claims denied Mark Feldberg Separate Property Trust GBS Financial Corp. San Francisco, California Mark Feldberg Donald G. Gloisten Respondent failed to transfer Claimant’s assets to Claimant’s account upon Claimant’s request. Securities purchased on margin $2,438.88 (compensatory damages); $20,000.00 (punitive damages) n/a Interest ($17.60); Immediate release and transfer of all funds; Compensation for fees, expenses, and a percentage of money “tied up” ($20,000.00) James N. D’Orso (P) n/a Public
10-05677 12/20/2010 11/23/2011 Claims denied Cynthia L. Stirling; Cynthia L. Stirling Living Trust, Cynthia L. Stirling, Trustee U/A DTD 2/21/1997; Cynthia L. Stirling SEP IRA; Cynthia L. Stirling IRA Rollover James Firth Dowley; Wells Fargo Advisors, LLC San Francisco, California James R. Walsh, Esq. Philip A. McLeod, Esq. Unsuitability; Breach of contract Municipal funds; Bonds; Retirement accounts; Unspecified equities $339,950.00 (compensatory damages) n/a Interest; Hearing fees; Attorneys’ fees Ferdinand Schoch (P) Helen Marinak Blohm (P); Mary Ellen Curran (NP) Mixed
11-00649 2/10/2011 11/1/2011 In favor of Claimant James Coffey GunnAllen Financial, Inc.; David H. Noe New York, New York Daniel A. Bakondi, Esq. n/a Breach of duty of care; Negligence; Failure to do due diligence; Unsuitability; Breach of contract; Misrepresentations and omissions; Violations of Section 10 of the Securities Exchange Act, Rule 10b-5, and state securities laws; Fraud; Breach of fiduciary duty; Lack of reasonable supervision Private placement in a Tenant in Common commercial real estate project $76,040.00 (compensatory damages) $76,040.00 (compensatory damages); Post-judgment interest (9% per annum) Interest (10% per annum); Costs; Attorneys’ fees; Forum fees; Expert Fees; Punitive damages; Rescission Diane Getzler (P) n/a Public
11-00773 2/23/2011 11/30/2011 In favor of Claimant Gerard Bianco; Gabriella Bianco GunnAllen Financial, Inc.; James Rapuano Hartford, Connecticut Pro se (Gerard Bianco and Gabriella Bianco) n/a Unauthorized trading; Conversion; Negligence; Fraud; Manipulation; Misrepresentation/non-disclosures; Omissions of facts Unspecified securities $87,000.00 (compensatory damages) $31,696.00 (compensatory damages) Interest; Attorneys’ fees; Costs; Release of funds invested Mary C. Kelleher (P) n/a Public
11-00936 2/24/2011 11/9/2011 Claims denied Eureal A. Gardner Smith Barney, Inc. n/a Pro se (Eureal A. Gardner) Tracey L. Gerber, Esq. Unauthorized sale of stock Various securities, including General Electric shares $20,000.00 (compensatory damages); $2,500.00 (punitive damages) n/a Costs ($425.00); Penalty for not providing transcripts ($2,000.00); Request for copies of transcripts Peter P. Skomorowsky (P) n/a Public
11-01004 3/2/2011 11/8/2011 Claims denied Joan Benedict, individually and as Executrix of the Estate of George A. Benedict Centaurus Financial, Inc.; Patrick Hobert n/a Robert Talbot Dave Lenny, Esq. Breach of contract; Breach of fiduciary duty; Suitability; Misrepresentation; Negligence; Failure to supervise Unspecified securities $20,327.15 (compensatory damages); $4,672.85 (punitive damages) n/a Interest; Attorneys’ fees; Costs Janice L. Sperow (P) n/a Public
11-01076 3/15/2011 11/10/2011 In favor of Claimant Estate of Lois E. Walker Wells Fargo Advisors, LLC n/a Peter F. Walker Deidre Wolff, Esq. Improper sale of securities Unspecified securities $23,993.00 (compensatory damages) $20,394.30 (compensatory damages); Costs ($425.00) n/a Frances Johnson Wright, J.D. (P) n/a Public
11-01291 3/24/2011 10/26/2011 Claims denied Joseph Trudel ShareBuilder Securities Corporation n/a Pro se (Joseph Trudel) Curtin Martin Unauthorized transfer of funds; Violation of securities law Unspecified securities $100 (compensatory damages); $4,900.00 (punitive damages) n/a Costs W. Michael Kelley (P) n/a Public
11-01360 3/29/2011 11/19/2011 Claims denied Cheryl Horrigan-Happy Morgan Stanley Smith Barney; Joseph Girardin n/a Fred H. Freeman, Esq. Gregory B. Simon, Esq. Negligently providing erroneous tax information which Claimant relied on Unspecified securities $6,673.00 (compensatory damages) Costs ($162.50) Costs Edward M. Olson (P) n/a Public
11-01444 4/5/2011 11/17/2011 Claims denied Coleman John Burns Steven Perillo; Wells Fargo Advisors, LLC n/a Pro se (Coleman John Burns) Brent J. Burtin, Esq. Negligence; Omission of facts Unspecified securities $11,500.00 (compensatory damages) Costs ($283.32) n/a S. Charles Tabak (P) n/a Public
11-01551 4/12/2011 11/9/2011 In favor of Claimant Eileen B. Cohen and Allen A. Cohen JTWROS E*Trade Securities LLC Reno, Nevada Marvin T. Bornstein, Esq. Meredith Felde, Esq. Claimants alleged they suffered losses due to Respondent supplying them with incorrect information, resulting in the liquidation of their stock position Shares of Orexigen Therapeutics, Inc. $11,000.00 (compensatory damages); $5,000.00 (punitive damages) $12,617.00 (compensatory damages) Specific performance in the form of telephone conversation transcripts between the option department and customer service; Costs Mary Margaret Bush (P) n/a Public
11-01828 5/9/2011 11/15/2011 Claims denied Alejandro Velez E*Trade Securities, LLC n/a Pro se (Alejandro Velez) Meredith A. Felde, Esq. Unauthorized trading; Wrongful taking of property Gran Columbia Gold Stock $7,823.25 (compensatory damages) Costs ($162.50) n/a Sheldon I. Saitlin (P) n/a Public
11-01886 5/9/2011 11/22/2011 Claims denied Norma D. Guest Morgan Keegan & Company, Inc. n/a Richard S. Frankowski, Esq. Shea O’Brien Hicks, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violation of Securities Regulatory Rules; Violation of Alabama Securities Act; Intentional and negligent misrepresentation of material facts; Breach of duty of good faith and fair dealing; Gross negligence Morgan Keegan Select Intermediate Bond Fund $25,000.00 (compensatory damages) n/a Unspecified punitive damages; Pre-judgment interest on all losses sustained from the date of transactions until the date of the award (maximum statutory rate); Post-judgment interest (maximum statutory interest rate); Costs; All charges to the accounts; Lost earnings; Rescission Jeffrey M. Allen (P) n/a Public
09-06175 10/27/2009 12/16/2011 Claims denied William Gangi; Estelle Gangi; William and Estelle Gangi Irrevocable Family Trust J.P. Morgan Clearing Corp.; J.P. Morgan Securities, LLC; Brian M. Purpura; Scott Evan Siegel Newark, NJ Peter S. Pearlman, Esq., Timothy E. Di Domenico, Esq., Breach of fiduciary duty; Misrepresentation; Omission of material facts; Suitability; Respondeat superior; Failure to supervise GMAC and Ford Motor credit notes; Fannie Mae and Freddie Mac secuirties Unspecified damages N/A N/A Dwight Wassong (P) Linda T. Pellegrino (P); Scott M. Pellegrino (NP) Mixed
09-06924 12/10/2009 12/15/2011 Claims settled Marie C. Mirch Morgan Stanley Smith Barney Reno, NV Kevin J. Mirch, Esq., James J. Fontanilla, Esq., Negligence; Breach of fiduciary duty; Misrepresentation; Omissions; Failure to supervise; Unauthorized trades; Unsuitability; Violation of FINRA rules and regulations; Violation of California state securities statutes LIPID stock $450,000.00 (compensatory) N/A Exemplary damages; Attorneys’ fees; Arbitration costs Joseph C. Roberts (P) Joseph M. O’Connor, PE (P); Gregory Jay Gursey (NP) Mixed
09-06958 12/9/2009 12/28/2011 Claims settled Tall Trees, LLC Cole Partners, LLC Chicago, IL Thomas F. Burke, Esq., Daniel D. White, Esq., Breach of fiduciary duty; Negligent misrepresentation; Violation of Illinois Securities Law of 1953; Fraud; Violation of Illinois Consumer Fraud and Deceptive Practices Act; Breach of contract MKA Real Estate Opportunity Fund I, LLC $200,000.00 (compensatory); $200,000.00 (punitive) N/A Interest; Attorneys’ fees Robert S. Sugarman (P) Champ W. Davis (P); Abe J. Goldsmith (NP) Mixed
10-00502 1/27/2010 12/13/2011 Claims settled Carmela Di Gregorio Oppenheimer & Co., Inc.; Ronald Kunze Los Angeles, CA Thomas R. Catanese, Esq., Diana H. Sur, Esq.; Robert J. Girard, II, Esq., Negligence; Breach of fiduciary duty; Constructive fraud; Fraud and deceit; Failure to supervise; Violation of the California Corporate Securities Act; Violation of Federal Securities Laws; Violation of NASD Rules of Fair Practice and NYSE Rules; Breach of contract Mishandling of Claimant’s account Unspecified damages N/A Consequential damages; Disgorgement; Recission; Lost opportunity costs; Costs; Attorneys’ fees; Pre and post judgment interest; Punitive damages Elizabeth A. Copley (P) John E. Ohashi (P); Andrew Corell Wahrenbrock (NP) Mixed
10-00922 2/25/2010 12/19/2011 Claims denied Nanik Panjwani PNC Investments; Scott T. Wetherby Newark, NJ James C. Jones, Esq., Brian A. Carlis, Esq., Misrepresentation; Failure to disclose material information; Breach of contract; Failure to supervise; Negligence Unspecified securities $51,500.00 (compensatory) N/A $15,000 (interest); Punitive damages; Attorneys’ fees; Costs Kenneth J. Horowitz (P) N/A Public
10-01114 3/4/2010 12/2/2011 In favor of claimant Bill Manuel Foster Dove; Ellis Grey Dove; Bill Manuel Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq., Bradley B. Rounsaville, Esq.; W. Preston Martin, Esq., Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violation of securities regulatory rules; Violation of the Alabama Securities Act; Intentional and negligent misrepresentation; Breach of duty of good faith and fair dealing; Gross negligence RMK High Incoe Fund; the RMK Advantage Fund; the RMK Strategic Income Fund $25,000.00 (compensatory) $25,000.00 (compensatory) Punitive damages; Interest; Attorneys’ fees; Costs; Recission W. Alex King (P) N/A Public
10-01674 4/6/2010 12/27/2011 Claims denied Harry Dines & Esther Dines TRS FBO; Harry Dines Revocable Living Trust TD Ameritrade, Inc.; Warren John Castor Detroit, MI James R. Anderson, Esq., Jonathan M. Sterling, Esq., Churning; Misrepresentations; Omissions; Suitability; Breach of fiduciary Unspecified securities $300,000.00 (compensatory); $300,000.00 (Punitive) N/A $28,877.00 (interest); $108,529.00 (Attorneys’ fees); $1,425.00 (Costs) Matthew W. Schlegel (P) Terrance J. Dorcy (P); Patrick A. Guentner (NP) Mixed
10-01923 4/22/2010 12/14/2011 Claims settled Karen Kramer; Richard Kramer IRA Morgan Stanley Smith Barney Philadelphia, PA Joel D. Feldman, Esq., John L. Castelly, Esq., Common law fraud; Violations of the securities laws and regulations of the Commonwealth of Pennsylvania; Violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law, 72 P.S. Sections 201-1 et seq.; Breach of contract; Breach of fiduciary duty; Negligence; Failure to supervise Variable annuities $100,000.00 (compensatory) N/A Treble damages; Attorneys’ fees; Interest; Costs Guillermo L. Boach (P) Margaret Mary Crumley (P); L. Martin Miller (NP) Mixed
10-02215 5/7/2010 12/12/2011 Claims settled Frederick M. Horn Margaret Hatfield Carey; James Edward Carey; UBS Financial Services, Inc. New York, NY Janice L. Malecki, Esq., Angela A. Turiano, Esq., Breach of contract; Over concentration; Misrepresentation; Fraud; Negligence; Failure to supervise; Respondeat superior; Breach of fiduciary duty; Constructive trust Unspecified securities $1,023,972.00 (compensatory) N/A Commissions; Punitive damages; Interest at 9%; Attorneys’ fees; Costs Eugene G. P. Byrne (P) Abigail J. Pessen (P); Scott W. Mulford (NP) Mixed
10-02267 5/13/2010 12/19/2011 Claims settled Jennifer A. Cross UBS Financial Services Inc. Memphis, TN Benjamin Lapin, Esq., Randi Perry Spallina, Esq., Fraud; Negligent misrepresentation; Breach of fiduciary duty and breach of the covenant of good faith and fair dealing; Negligent supervision; breach of conduct; Section 20 violations; Respondeat superior Class A In-house mutual funds, including Henderson Global International, Nuveen International, Delaware International Fund, Units, Claymore Ultilities, UBS Large Cap, Blackrock Enhanced, Hartford Capital, Units Strategic, Units Infrastructure, and Mainstay Map Fund $100,000.00 (compensatory) N/A Costs; Forum fees J. Maxwell Williams (P) N/A Public
10-02737 6/10/2010 12/8/2011 Claims denied Estate of Dr. Paul Tanner Oppenheimer & Co., Inc.; Kedrick Peter Sackey Newark, NJ Mitchell H. Cobert, Esq., Ellen Sheridan-Cona, Esq., Irwin Weltz, Esq., Breach of contract; Breach of fiduciary duty; Common law fraud; Securities fraud; Inappropriate recommendation; Negligence; Consumer fraud Shares of T&S Machinery LLC $282,351.56 (compensatory) N/A Consequential damages; punitive damages; Interest; Costs Daniel P. Lund (P) Martin R. Cramer (P); Ronald Citron (NP) Mixed
10-02769 6/9/2010 12/5/2011 Claims denied Diane M. Deiss as Trustee of the Diane M. Deiss Living Trust dated 6/10/1999 Merrill Lynch; Pierce, Fenner & Smith, Inc.; William Schellenberg; Daniel Czapla Chicago, IL John J. Muldoon, III, Esq., Eric J. Glassman, Esq., Failure to supervise; Churning; Manipulations; Breach of fiduciary duty Naked puts $200,000.00 (compensatory); $400,000.00 (punitive) N/A Interest; Attorneys’ fees; Costs Rody P. Biggert (P) Edward L. Koven (P); John M. Kramer (NP) Mixed
10-02840 6/14/2010 12/5/2011 Claims denied Winston S. Evans, Personal Representative for the Estate of Jeanne Smith Morgan Keegan & Company, Inc. Nashville, TN Richard S. Frankowski, Esq., Bradley B. Rounsaville, Esq.; Kathryn R. Eldridge, Esq., Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violations of securities regulatory rules; Violation of the Tennessee Securities Act; Tennessee Consumer Protection Act violations; Common law claims; Misrepresentation RMK Select High Income C; RMK High Income Fund; RMK Multi-Sector High Income Fund $55,000.00 (compensatory) N/A Out of pocket losses; Charges to the accounts; Lost earnings; Pre- and Post- judgment interest; Recission; Costs; Attorneys’ fees; Punitive damages Dean J. Dietrich (P) W. Alex King (P); Richard Roger Brewer (NP) Mixed
10-02943 6/22/2010 12/5/2011 In favor of claimant Grayce Franks Stewart Morgan Keegan & Company, Inc.; William B. Shamburger Louisville, KY James P. McCrocklin, Esq., Christie A. Moore, Esq., Unsuitable recommendations; Misrepresentations and omissions; Breach of common law duty; Principal/agent liability; Control person liability Various Morgan Keegan proprietary products, including hedge funds $170,383.00 (compensatory) $98,000.00 (compensatory) Interest; Attorneys’ fees; Costs Jeffrey M. Bain (P) Michael E. Martin (P); Cheryl Renee Cravens (NP) Mixed
10-03212 7/12/2010 12/27/2011 Claims denied Lawrence J. O’Brien Revocable Trust; Lawrence J. O’Brien, Jr. Morgan Stanley Smith Barney Boca Raton, FL D. Daxton White, Esq., Doreen S. Young, Esq., Common law fraud; Fraudulent misrepresentation; Breach of fiduciary duty; Negligent failure to supervise; Unsuitable investments; Negligence Unspecified securities $200,000.00 (compensatory) N/A Interest; Attorneys’ fees; Costs Linda M. Granata (P) Milton Thurm (P); Gary King (NP) Mixed
10-03384 7/23/2010 12/9/2011 In favor of claimant Carroll L. Joachimi; Susan S. Chandler; Danny H. Northcutt, Sr.; Daniel M. Dean; Donna K. McEniry; Patricia A. Hendricks; Judy J. Joachimi; Julian T. Trotter; Sheila A. Trotter; Norman Marik; Patti Stuart Reed; Julia Ann Sexton; Thomas R. Dew; Walter L. Reed, Jr. Morgan Keegan & Company, Inc. Nashville, TN Richard S. Frankowski, Esq.; Robert E. Norton, Esq., Carl S. Burkhalter, Esq., Joshua D. Jones, Esq.; W. Preston Martin, Esq., Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violation of securities regulatory rules; Violation of the Tennessee Securities Act; Violation of the Tennessee Consumer Protection Act; Intentional and negligent misrepresentation; Breach of duty of good faith and fair dealing; Gross negligence Various bond funds, including, but not limited to, the RMK Select High Income Fund, the RMK Advantage Income Fund, the RMK Strategic Income Fund, the Morgan Keegan Multi-Sector High Income Fund, and the Morgan Keegan Select Intermediate Bond Fund $584,412.00 (compensatory) $48,010 (compensatory) interest at the rate of 10%; $250 (filing fee) N/A Nicholas Jason Enoch (P) Michael G. Clark (P); Marvin J. Klein (NP) Mixed
10-03405 7/27/2010 12/2/2011 Claims settled Karen B. Roberts Citigroup Global Markets, Inc. f/k/a Smith Barney, Inc.; Deutsche Bank Securities, Inc. f/k/a Deutsche Bank Alex Brown, Inc. Boca Raton, FL Tiffany J. Brown, Esq; Mark David Hunter, Esq., Raul Sanchez; Elizabeth E. Moum, Esq., Negligence; Breach of fiduciary duty; Negligent supervision; Respondeat superior Common stock and mutual funds including, but not limited to, Metlife, Inc.; Alpine Global Premier Properties; Capital Income Builder; Income Fund of America; Aegon; Goldman Sachs Group; ADC Telecommunications Inc.; Intel Corp.; General Electric Co.; American Science and Engineering Inc.; Airtran Holdings Inc.; Devcon International Corp.; Patriot Coal Corp.; Allied Waste. $160,000.00 (compensatory) N/A Interest; Commissions; unspecified punitive damages; Costs Steven Gerard Goerke (P) Barth Satuloff (P); Bernard A. Taub (NP) Mixed
10-03471 8/2/2010 12/22/2011 Claims settled The Circle Trust UAD, Joan Lane TTEE Donna Marie Leone; Neuberger Berman LLC; Laura Joy Sloate; Sloate, Weisman, Murray & Company, Inc.; SWM Securities, Inc. New York, NY Hartley T. Bernstein, Esq. Victor A. Machcinski, Jr., Esq. Unsuitability; Misrepresentation; Negligence; Overconcentration, Recklessness; Failure to supervise Buckeye Partners; Eagle Rock Energy Partners LP; FPL Group; Genesis Energy LP; Kinder Morgan Energy Partners; K-Sea Transportation LP; Magellan Midsream Partners LP; Nustar Energy LP; Plains All American Pipeline LP; Oneok Partners LP; Ship Finance International Ltd.; TC Pipelines LP; Teekay Lng Partners LP; Genesis LEase Limited ADR; Vornado Realty Trust; Istar Financial; Alliance Bernstein HOlding LP; Merrill Lynch & Co.; Schering Plough Convertible Preferred; General Electric $300,000 (compensatory) N/A Interest; Punitive damages; Costs Harvey Barrison (P) Robert S. Clemente (P); Lisa Catalano (NP) Mixed
10-03698 8/17/2010 12/14/2011 Claims denied James K. Heiser; Joan E. Heiser; Kendra B. Heiser; Kenneth E. Heiser Newbridge Securities Corp. Baltimore, MD James H. West, Esq., Gregg Breitbart, Esq., Arnold Levine, General Counsel Unsuitability; Misrepresentation; Negligence; Overconcentration, Recklessness; Failure to supervise Buckeye Partners; Eagle Rock Energy Partners LP; FPL Group;
Genesis Energy LP, Kinder Morgan Energy Partners; K-Sea Transportation LP;
Magellan Midstream Partners LP; Nustar Energy LP; Plains All American Pipeline LP;
Oneok Partners LP; Ship Finance International Ltd.; TC Pipelines LP; Teekay Lng
Partners LP; Genesis Lease Limited ADR; Vornado Realty Trust; Istar Financial;
Alliance Bernstein Holding LP; Merrill Lynch & Co., Schering Plough Convertible
Preferred, and General Electric.
$300,000.00 (compensatory) N/A interest; unspecified punitive; costs June White Dillard (P) Brenda J. Stovali (P); Donald R. Giacomelli (NP) Mixed
10-04062 9/10/2010 12/6/2011 Claims settled Mary Ann Landiorio; Mary Ann Landiorio Trust Wells Fargo Advisors, LLC San Francisco, CA Brett Alcala, Esq. G. Thomas Fleming, III, Esq., Breach of contract; Breach of fiduciary duty; Fraud and negligent misrepresentation; Failure to supervise and respondeat superior; Violation of state and federal laws and FINRA Rules of Fair Practice Class B mutual funds; Unspecified variable annuity contracts; Non-traditional exchange traded funds $400,000.00 (compensatory); $100,000.00 (Punitive) N/A Interest; Attorneys’ fees; Expenses; Costs Frank R. Weaver (P) Linda M. McCoy (P); Martin Joel Fassler (P) Public
10-04068 9/8/2010 12/13/2011 In favor of claimant Charmaine W. Kaltrider Merrill Lynch Pierce Fenner & Smith, Inc.; Stephen Mark Nosek; Timothy William McNamara; McNamara-Nosek Group Buffalo, NY R. Scott Atwater, Esq. Angela A. Turiano, Esq., Breach of fiduciary duty; Professional malpractice; Negligence; Negligent misrepresentation; Fraud; Failure to supervise Unspecified securities $425,000.00 (compensatory); $750,000.00 (punitive) $707,661.00 (compensatory); $21,300.00 (costs) $1,000,000 (Loss of investment); $60,000 (Costs) Christopher C. Willett (P) John William Comstock (P); David E. McNabb (NP) Mixed
10-04224 9/15/2010 12/22/2011 In favor of claimant George Reech; Joann Reech Citigroup Global Markets, Inc. New Orleans, LA Jessica M. Vasquez, Esq; James F. Willeford, Esq. Raul Sanchez; Elizabeth E. Moum, Esq. Breach of fiduciary duty; Common law fraud; Negligence; Breach of contract; Failure to supervise; Control person liability; Unsuitability; Misrepresentation and omissions; Violations of the Louisiana Securities Act; Violation of FINRA Rules Unspecified equity mutual funds; High yield bond funds $129,000.00 (compensatory) $12,500; Interest Recission; FINRA fees and costs; Expert fees; Attorneys’ fees; Legal interest; Punitive damages; Disgorgement of commissions; $95,106.00 (loss of principal); $4,427.39 (margin expenses); filing fee; $10,200.00 (expert witness fees) Donald K. Eckhardt (P) Ron C. Christner (P); John J. Meyer (NP) Mixed
10-04326 9/22/2010 12/14/2011 In favor of claimant Janet Goodstein; Laurie Martorano; Daniel Martorano Lawrence J. Bedard; Steven L. Falk and Associates Boca Raton, FL Adolfo J. Anzola, Esq; Janine Garlitz, Esq., Jeffrey L. Cox, Esq; Steven L. Falk Unsuitability and strategy; Breach of regulatory requirements; Negligence; Gross negligence; Breach of fiduciary duty; Failure to supervise; Violations of industry rules; Violations of Florida Statutes sec. 517.011 Preferred shares of Warren Resources; Affirmative Equities Affordable Affordable Housing Fund II LLC promissory notes; Trans-Fund Investments, LLC promissory note $500,000.00 (compensatory) $170,415.54 (compensatory to Goldstein) plus Interest at the rate of 3.5%; $316,486 (compensatory to Martorano) plus interest at the rate of 3.5%. Interest; Recission, Punitive damages; Attorneys’ fees; Costs Steven Gerard Goerke (P) Marie Paulette Levine (P); Mark T. Burnam (NP) Mixed
10-04531 8/8/2010 12/5/2011 Claim settled Barry E. Jones Edward Jones Raleigh, NC Jacob H. Zamansky, Esq., Dennis J. Capriglione Securities fraud; Common law fraud; Fraudulent Misrepresentatio and omission; Unsuitability; Negligence; Breach of fiduciary duty; Breach of contract; Failure to supervise Various stocks and funds including, but not limited to, the Royal Bank of Scotland, the Enerplus Resources Fund and the Blackrock Muniassets Fund $150,000.00 (compensatory) N/A Interest; Costs; Attorneys’ fees; Expert witness fees; FINRA fees; Punitive damages Patricia Ann Tracey (P) Wayne Parker (P); Michael F. Pearl (NP) Mixed
10-04649 10/13/2010 12/22/2011 Claims denied The Estate of Theodore M. Krizman by its Co-Executors, James F. Krizman and Joseph M. Krizman CFD Investments, Inc. Indianapolis, IN Bruce D. Oakes, Esq. Andrew J. Dorman, Esq., Violation of Indiana’s Securities Act; Breach of fiduciary duty; Breach of contract; Negligence/negligent misrepresentation/omission; Common law fraud; Negligent supervision Variable annuities $125,000.00 (compensatory) N/A Punitive damages; Interest; Attorneys’ fees; Costs Leonard A. Nelson (P) Judith Ann Estabrook Shepard (P); G. Donald Steel (NP) Mixed
10-04783 10/25/2010 12/19/2011 In favor of claimant Gregory Gaetner as Executor fo the Estate of Percival H. E. Leach E. Paul Du Pont, III; Morgan Stanley Smith Barney Newark, NJ Christopher E. Torkelson, Esq., Alissa Pyrich, Esq; Joseph L. Calabrese, Esq. Breach of fiduciary duty; Securities violation-unsuitable investments; Breach of contract; Negligence; Unjust enrichment; Disgorgement; Respondeat superior Unspecified mutual funds $122,235.01 (compensatory) $48,000.00 (compensatory) $5,098.00 (lost income opportunity); $623.00 (interest); Costs; Attorneys’ fees; Commissions Linda T. Pellegrino (P) S. Charles Tabak (P); Philip Rachmelowitz (NP) Mixed
10-04964 11/4/2010 12/27/2011 Claims denied Howard J. Robinson, as Trustee of the Rita Lois Robinson Trust Wells Fargo Advisors, LLC, f/k/a Wachovia Securities, LLC; John P. Hodson Columbia, SC Andrew D. Gowdown, Esq; Elizabeth J. Palmer, Esq., Todd Ratner, Esq. Unsuitability; Failure to supervise; Breach of contract; Breach of fiduciary duty; Negligence; Misrepresentation South Carolina State Public Service Authority AAA-rated municipal bonds; Citigroup, Inc. preferred stock; South Carolina Transportation Infrastructure Bank AAA-rated municipal bonds; Lehman Brothers Holdings Non-cumulative Perpetual Preferred stock; Richland County South Carolina School District No. 001 AAA-rated bonds; Fannie Mae non-cumulative perpetual preferred stock $500,000.00 (compensatory); $100,000.00 (punitive) N/A Forum fees; Attorneys’ fees; Expert witness fees; Witness and producation fees; Costs; Interest J. Kirkland Grant (P) Robert P. Porter (P); Susan J. Buckley (NP) Mixed
10-05061 11/4/2010 12/27/2011 Claims settled Estate of Nancy S. Nethercutt Charles Schwab & Co., Inc.; Craig Stephen Wessels Seattle, WA Ryan M. Beaudoin, Esq., Richard A. Karoly, Esq., Respondeat superior; Negligence; Negligent misrepresentation; Breach of fiduciary duty; Failure to supervise Unspecified equity investments Unspecified compensatory damages N/A Costs; Attorneys’ fees Pre- and post-judgment interest; FINRA fees Elwood C. Avery (P) Imants J. Leskinovitch (P) Public
10-05206 11/15/2010 12/29/2011 Claims denied William P. Johnson, IRA; Priscilla D. Johnson, IRA; William P. Johnson; Priscilla D. Johnson RBC Capital Markets Corp. Boston, MA Kirk G. Smith, Esq. Joseph F. Keenan, Esq., Breach of contract and warranties; Promissory estoppel; Violation of state securities statutes; Negligent misrepresentations of material facts; Breach of fiduciary duty; Breach of good faith and fair dealings; Negligence; Unjust enrichment Unspecified securities $100,000.00 to $500,000.00 (compensatory) N/A Sums lost in their accounts; lost opportunities; recission; unspecified punitive damages; pre-award and pre-judgment interest; costs Michael P. Anciello (P) Gene M. Bauer (P); Barry Joseph Fiske (P) Public
10-05212 11/17/2010 12/8/2011 In favor of claimant William Jeff Brooks Lawrence Spaulding Rule, Jr.; Wells Fargo Advisors, LLC Atlanta, GA Cary Ichter, Esq., Glenn A. Delk, Esq; Keith J. Barnett, Esq., Avital Stadler, Esq; Michael K. Freedman, Esq., Breach of fiduciary duty; Misrepresentations; Unauthorized trading; Churning Unspecified stocks $1,762,016.00 (compensatory); $2,000,000.00 (punitive) $213,725 (compensatory); $375.00 (filing fee) $30,000 (attorneys’ fees) Harry G. Mason (P) Bruce W. Bennett (P); James Roland Brumbelow (NP) Mixed
10-05238 11/16/2010 12/6/2011 Claims denied William P. Hunter; Susan S. Hunter Wells Fargo Advisors, LLC Raleigh, NC Marlon J. Howard, Esq. Timothy S. Baird, Esq. Violation of Section 10(b) of the Securities Exchange Act and Rule 10b-5; Virginia Securities Act; Negligence; Breach of IM-2310-2, fair dealing with customers SPX stock $122,384.43 (compensatory) N/A Prejudgment interest; Costs; Attorneys’ fees Janice L. Burnham (P) Theresa Joan Rosenberg (P); John D. Robb (NP) Mixed
10-05264 11/16/2010 12/16/2011 Claims denied Mario Conforti FSC Securities Corp.; Anthony E. Locascio Newark, NJ Mark J. Brancato, Esq., Justin I. Sacca, Esq; Dianna D. McCarthy, Esq., Misrepresenttions; Omissions; Unsuitability Variable annuities $131,813.33 (compensatory) N/A Forum fees; $1,725.00 (expenses); $45,792 (Attorneys’ fees) Kenneth J. Horowitz (P) Alan Shaw (P); Jerry P. DeNigris (NP) Mixed
10-05276 11/19/2010 12/23/2011 Claims settled John Puglisi Wells Fargo Advisors, LLC New York, NY Benjamin Lapin Sandra D. Grannum, Esq., Fraud; Negligent misrepresentation; Breach of fiduciary duty; Breach of the covenants of good faith and fair dealing; Negligent supervision; Breach of contract; Respondeat superior Highland Capital Floating mutual funds; Oppenheimer Strategic mutual funds $100,000.00 (compensatory) N/A Costs Lori H. Carena (P) N/A Public
10-05343 11/24/2010 12/19/2011 In favor of claimant M.E. Johnson Morgan Stanley & Co., Inc.; Morgan Stanley Smith Barney Phoenix, AZ J. Noland Franz, Esq; Benjamin L. Gottlieb, Esq., Braden O. Wilhelm Breach of cotnract; Breach of fiduciary duty; Strict liability; Violation of FINRA’s suitability rule; Fraud Unspecified securities in IRAs Unspecified compensatory damages $94,395.42 (compensatory); interest at the prime rate + 1%; $54,343.90 (attorneys fees & expert witness costs); $250.00 (filing fee) Attorneys’ fees; Costs; Interest Katherine M. Harmeyer (P) Amy W. Fellner (P); Aryka Steele Radke (P) Public
10-05501 12/6/2010 12/2/2011 Claims denied Elizabeth A. Blankenship and Jonathan Scott Blankenship co-guardians on behalf of Mercer J. Blankenship Wells Fargo Advisors, LLC Charlotte, NC Elizabeth A. Blankenship and Jonathan Scott Blankenship (Pro se) Timothy S. Baird, Esq., Theft; Exploitation; Unsuitability; Failure to protect Claimant’s assets; Breach of fiduciary duty; Violation of North Carolina General Statute Sec. 35A-1251, Sec. 32-71 and Sec. 35A-1253; Negligent hiring, retention and supervision Unspecified securities $450,000.00 (compensatory) N/A Interest; Attorneys’ fees; Punitive damages; Costs Lynne Townsend Albert (P) Robert T. Allen, Jr. (P); Richard E. Miley (P) Public
10-05548 12/8/2010 12/19/2011 Claims settled Jack F. Immel, individually and as trustee for the Jack F. Immel IRA; Valerie R. Immel, individually and as trustee for the Valerie R. Immel IRA Citigroup Global Markets, Inc. Los Angeles, CA David Harrison, Esq. Karl L. Marquardt, Esq., Wrongful conduct; Breach of fiduciary duty; Constructive fraud; Fraud by mispresentation and omission; Breach of written contract; Failure to supervise and control; Elder abuse; Violation of state and federal securities laws, FINRA Rules of Fair Practice, and NYSE Rules Barret Business Services; Ishares; Growth Fund of America $43,831.27 (compensatory) N/A Costs; Rescission; Punitive damages; Interest; Attorneys’ fees Robert B. Hansohn (P) N/A Public
10-05826 12/30/2010 12/1/2011 In favor of claimant Debbie Houston; Laura Lett Wells Fargo Advisors, LLC Atlanta, GA Brian N. Smiley, Esq., and J. Michael Bishop, Esq. Keith J. Barnett, Esq., Suzanne Bertolett, Esq; Yvonne Williams, Esq. Breach of fiduciary duty; Violation of FINRA and NYSE Rules including suitability and duty to supervise; Breach of contract; Negligence; Fraud Claymore Securities Strategic Income Portfolio Series 17; Calamos Global Dynamic Income Fund; Evergreen Global Dividend Opportunity Fund; Capital World Growth & Income Fund; New World Fund $154,000.00 (compensatory) $130,000.00 (compensatory); $300.00 (filing fee) Interest; Costs; Legal fees; Expenses; Punitive damages Mollie Wagner Neal (P) Robert H. Putnam, Jr. (P); Bruce W. Bennett (P) Public
11-00118 1/3/2011 12/7/2011 In favor of claimant John A. Warnken; Gene P. Andersen; Joyce A. Andersen QA3 Financial Corp.; Darrel Amiot; Lisa Greely Minneapolis, MN Robert B. Bauer, Esq; Jessica Sanborn, Esq., Victoria H. Butler, Esq; Darrel Amiot (Pro Se) Breach of fiduciary duty; Negligence IMH Secured Loan Fund, LLC; Various real estate investments; Various unspecified annuities Warken $450,000.00 (compensatory); Andersens $230,012.29 (compensatory) $100,000.00 (compensatory) Warken Interest; Attorneys’ fees; Costs Brett W. Olander (P) Steven M. Bialick (P); Mary Louise Hilfiker (P) Public
11-00127 1/11/2011 12/14/2011 Claims denied Norbert E. Simpson; Darleen A. Simpson Michael Anthony Abraham Denver, CO Thomas J. Wolf, Esq; Benjamin J. Larson, Esq., David A. Zisser, Esq; Sharon Sung, Esq., Violation of the Colorado Securities Act; Common law fraud; Breach of fiduciary duty MKA Real Estate Qualified Fund I, LLC $400,000.00 (compensatory) N/A $188,000 (payments not received); $1,200 (FINRA filing fee); $97,662.50 (attorney’s fees) James B. Eichberg (P) Ronald G. Guida (P); Hazel E. Hanley (P) Public
11-00508 1/27/2010 12/30/2011 Claims denied Michael Rocco; Christiane Rocco Paul Robert Beck; Seidler Holdings, Inc.; The Seidler Companies Incorporated; Crowell, Weedon & Co.; Debra Marcy Reda-Cappos; Western International Securities, Inc. Los Angeles, CA Jonathan W. Evans, Esq., Peter Brown Dolan, Esq; G. Thomas Fleming, III, Esq; Jeffrey K. Compton, Esq., Negligence; Fraud, Deceit and Omission of material fact; Suitability; Breach of fiduciary duty and breach of trust; Violation of CA Corporations Code Section 25401, et seq.; Unauthorized trading; Failure to supervise; Churning; Violation of FINRA rules and regulations; Breach of contract and breach of implied covenant of good faith and fair dealing Divident Reinvestment Programs (DRIPS) $82,376.00 (compensatory) N/A Disgorgement of any commissions, fees, and compensation; Disgorgement of commissions wrongfully “earned” in amount of $31,835.00; Lost opportunity; Recission; Interest; Punitive damages; Costs; Attorneys’ fees Daniel David Kopman (P) Norman Michael Garland (P); Terry Lynn Chambless (NP) Mixed
11-00521 2/7/2011 12/23/2011 Claims denied Ghaleb Azroui E*Trade Securities, LLC Chicago, IL Ghaleb Azroui (Pro se) Meredith Felde, Esq., Negligence; Violations of FINRA and brokerage rules Unspecified securities $75,000.00 (compensatory); $90,000.00 (punitive) N/A N/A Robert S. Sugarman (P) Theodore L. Leeb (P); Robert B. Schmidt (NP) Mixed
11-00560 2/8/2011 12/22/2011 Claims denied John T. Golle Charles Schwab & Co., Inc. Minneapolis, MN John T. Golle (Pro se) Richard A. Karoly, Esq., Breach of fiduciary duty; Breach of contract; Negligence IRA Account $805,000.00 (compensatory) N/A Costs Arlen G. Restad (P) Douglas G. Plank (P); Debra Jean Griebel (P) Public
11-00575 2/8/2011 12/8/2011 Claims denied Rose Marie Gannon Charles Schwab & Co., Inc. Denver, CO Robert W. Hutchinson, Esq., Holly Stein Sollod, Esq; Brooke H. McCarthy, Esq., Negligence; Breach of fiduciary duty Two accounts opened in Claimant’s name alledgedly without her knowledge or authorization $459,580.00 (compensatory) N/A Pre-judgment interest; Costs James B. Eichberg (P) Leonard M. Goldstein (P); Richard M. Reider (NP) Mixed
11-01162 3/17/2011 12/5/2011 Claims denied Ethelene C. Hayes; Earl E. Hayes ING Financial Partners, Inc. N/A Ethelene C. Hayes Brian J. Palmeri, Esq. Unsuitability; Breach of fiduciary duty; Negligence; Fraud; Misrepresentation; Failure to supervise Inland Western Retail Real Estate Trust $15,750.00 (compensatory) N/A Costs; Attorneys’ fees Robert S. Mautner (P) N/A Public
11-01164 3/23/2011 12/23/2011 Claims denied Michael Weiss Nationwide Planning Associates Inc.; Keith Joseph Steidle Newark, NJ Michael Weiss (Pro se) Brian A. Carlis, Esq. Breach of contract; Unsuitability; Fraud; Misrepresentations and omissions; Breach of fiduciary obligations; Negligence; Negligent misrepresentations; Failure to supervise; Breach of the duty of loyalty Annuities $75,000.00 (compensatory) N/A Rescissionary damages; Disgorgement; Interest; Punitive damages; Costs; expert and witness fees; administrative expenses Margaret Leggett Tarver (P) B. David Jarashow (P); David Marcus (NP) Mixed
11-01339 3/31/2011 12/15/2011 Claims denied Laura J. Bogolin; Roy Lee Harvey E*Trade Securities, LLC Atlanta, GA Lars K. Soreide, Esq. Meredith A. Felde Negligence; Breach of fiduciary duty; Negligent supervision; Breach of contract; Fraud Eaton Vance, Pimco and Alliance AGIC Convertible & Income Fund auction rate securities $200,000.00 (compensatory) N/A Punitive damages; Rescission; Interest; Costs Michael J. Ahlstrom (P) Helen E. Huyler (P); Joe E. Manuel (P) Public
11-01740 4/28/2011 12/1/2011 In favor of claimant Becky T. Phillips Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq. Curt R. Soefker, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violations of securities regulatory rules; Violations of Alabama Securities Act RMK Multi-Sector High Income Fund $25,000.00 (compensatory) $16,691.50 (compensatory); Post-judgment interest at 10% per annum; $425.00 (costs) Punitive damages; Pre judgment and post judgment Interest; Attorneys’ fees; Costs Barbara M. Zak (P) N/A Public
11-01782 5/5/2011 12/2/2011 In favor of claimant Richard N. Oldham Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq., Curt R. Soefker, Esq. Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violations of Securities Regulatory Rules; Violations of Alabama Securities Act; Intentional and negligent misrepresentation of material facts; unjust enrichment; Breach of duty of good faith and fair dealing; Gross negligence; Failure to properly execute duties RMK Multi-Sector High Income Fund $25,000.00 (compensatory) $0.01 (compensatory); $11,419.33 (out of pocket losses) pre and post judgment Interest; Rescission; Punitive damages; Attorneys’ fees; Costs Paul F. Faberman (P) N/A Public
11-01863 5/9/2011 12/20/2011 In favor of claimant Susan Brown; Henry Erlich; Madeline Erlich Trident Partners Ltd. N/A Curtis E. Pew, Esq., Gene Small, Esq. Breach of contract unspecified investments $3,874.67 (compensatory) $3,874.67 (compensatory); Interest at 9% per annum; $87.50 (costs) interest; Attorneys’ fees; Costs Ira S. Cure (P) N/A Public
11-01866 5/10/2011 12/21/2011 In favor of claimant Zhenzhou Wang; Min Cao Interactive Brokers LLC N/A Zhenzhou Wang; Min Cao (Pro se) Juli Aylesworth, Esq., Negligence; Breach of contract unspecified investments $18444.60 (compensatory) $18,444.60 (compensatory); $425 (costs) $425 (costs) John F. Duane (P) N/A Public
11-02027 5/18/2011 12/27/2011 Claims denied Jyotsna Varma Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq. Shea O’Brien Hicks, Esq., Breach of fiduciary duty; Breach of contract; Unsuitability; Failure to supervise; Violations of Securities Regulatory Rules; Violations of Alabama Securities Act Morgan Keegan Select Intermediate Bond Fund $25,000.00 (compensatory) N/A Punitive damages; Interest; Attorneys’ fees; Costs Jeffrey M. Allen (P) N/A Public
11-02028 5/18/2011 12/21/2011 In favor of claimant John J. Pocreva, Jr. Morgan Keegan & Company, Inc. N/A Richard S. Frankowski, Esq., Curt R. Soefker, Esq. Breach of contract; Breach of fiduciary duty; Suitability; Misrepresentations; Omissions of facts; Negligence; Failure to supervise; Violation of SEC and FINRA rules; Violation of the Alabama Securities Act unspecified investments $25,000.00 (compensatory) $21,500.00 (compensatory); Post-judgment interest at 10% per annum; $425 costs Pre and Post judgment Interest; Rescission; Punitive damages; Attorneys’ fees; Costs Barbara M. Zak (P) N/A Public
11-02100 5/25/2011 12/30/2011 Claims denied Kelly Martinsen E*Trade Securities, LLC New York, NY Lars K. Soreide, Esq. John Bersin Negligence; Breach of fiduciary duty; Negligent supervision; Breach of contract; Fraud Auction rates securities $650,000.00 (compensatory) N/A punitive damages; Rescission; Interest; Costs Robert M. Goldstein (P) Joseph F. Kelley (P); Ilene Barbara Zatkin-Butler (NP) Mixed
11-02112 5/19/2011 12/7/2011 Claims denied Michael J. Riniker; Patricia A. Riniker Locust Street Securities, Inc. Chicago, IL Michael J. Riniker; Patricia A. Riniker (Pro se) Jim Garvey, Esq. Wrongful conduct Mid-America Foundation, Inc. $1,200,000.00 (compensatory) N/A Punitive damages Leon Fox (P) James F. Carlson (P); Ruth Ann Kubancek (NP) Mixed
11-02556 6/29/2011 12/30/2011 Claims denied Jose Zardoya Charles Schwab & Co., Inc. N/A (Jose Zardoya) Pro se Sean B. Meehan, Esq., Breach of fiduciary duty; Breach of contract; Misrepresentation; Non-disclosure Put options on a stock (Symbol CCME) $2,451.00 (compensatory) N/A $75.00 (fees) Daniel J. McCarthy (P) N/A Public
11-04236 10/27/2010 12/28/2011 Claims denied David McAllister; Trust A- McAllister Family Trust; Trust B – McAllister Family Trust Mercer Capital, Ltd.; Anthony John Salino; Lynn Gordon Schultz Chicago, IL Diane A. Nygaard, Esq., Brian H. Reis, Esq. Negligence; Fraud; Misrepresentations; Violation of the Illinois Securities Law Promissory notes; Private placements $600,000.00 (compensatory) N/A Punitive damages; Interest; Attorneys’ fees; Costs Gregory G. Gocek (P) N/A Public