Robert H. Rex Securities Law Blog on Lawyers.com

Hilliard Lyons Ordered to Pay Investor $184k by FINRA

Monday, December 17, 2012 by Robert H. Rex

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An arbitration
panel in Columbus, Ohio, of the Financial Regulatory Authority (FINRA)
ruled in November 2012, that J.J.B. Hilliard, W.L. Lyons LLC (Hilliard-Lyons)
must pay an investor over $184,000 in losses and attorneys fees &
costs. In addition, the panel ruled that Hilliard was also liable for
FINRA hearing session fees of $9,000. 
The
customer in this case claimed that the investment strategy employed by
Hilliard was unsuitable and out of line for her investment objectives. 
Stock
brokers have a duty to make suitable recommendations to investors,
after taking into account the age, health, level of financial
sophistication and liquid net worth of the individual.
If
you have suffered losses in your brokerage account you may be able to
recover some or all of those losses through FINRA arbitration, a process
that is much more expeditious and less costly than court litigation. 
Please
do not hesitate to contact us if you have questions about the way your
brokerage account has been handled. We have been helping investors
recover stock market losses for 25 years. 
Nationwide representation. Free consultation.
Visit our webpage for more information or call us.
561 391 1900 
 
Posted at 16:06 PM
Topic: Securities
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