Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Monday, January 4, 2010

FINRA Arbitration Panel Awards Punitive Damages Based on Elder Abuse

Arbitration awards against online discount brokerage firms are rare, as are punitive damages in general and punitive damages based on elder abuse.  Yet Investment News reports that a FINRA arbitration panel in California awarded $320,000 in compensatory damages and $960,000 in punitive damages, citing elder abuse.  The claimant was a 95-year old investor who alleged that brokers coerced him into unsuitable trades.  InvNews, Discount broker slapped with triple damages in rare elder abuse award

http://lawprofessors.typepad.com/securities/2010/01/finra-arbitration-panel-awards-punitive-damages-based-on-elder-abuse.html

Securities Arbitration | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef012876a77dbf970c

Listed below are links to weblogs that reference FINRA Arbitration Panel Awards Punitive Damages Based on Elder Abuse:

Comments

Post a comment