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Reuters
NEW YORK (Reuters) – An NASD panel awarded $1 million of damages to a Prudential Securities Inc. client because the firm did not properly discipline a broker despite customer complaints, the client’s law firm said. Under the arbitration ruling made last Friday by the market regulator, Prudential Securities. which is jointly owned by Prudential Financial […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, March 18, 2004 /PRNewswire/ – The following was released today: A National Association of Securities Dealers (NASD) arbitration panel found Salomon Smith Barney, Inc. (n/k/a Citigroup Global Markets, Inc.) the brokerage firm unit of Citigroup, Inc. (NYSE: C) liable and ordered the firm to pay investor Judy Moran a total of $274,000 […]
PR Newswire
A National Association of Securities Dealers (NASD) arbitration panel found Wachovia Securities Corp. (NYSE: WB) (formerly know as First Union Securities), liable and ordered Wachovia to pay investors Pro-Guard International, Inc. and Pro-Guard’s pension plan a total of $391,516. The arbitrators awarded compensatory damages totaling $334,240, interest at 5 percent from April 9, 2001 to […]
Los Angeles Times
Investors who are thinking about suing their brokers over losses suffered during the recent bear market might take heart from the case of John and Patricia Murray. The Los Angeles retirees, who filed an arbitration claim in 2002 against Prudential Securities alleging they’d gotten bad investment advice two years earlier, recently won their case, receiving […]
Los Angeles Times
A retired couple, who charged that their broker made inappropriate investments with their money, has won a $239,670 arbitration judgment against Prudential Securities Inc. The award, handed down by a National Assn. of Securities Dealers arbitration panel in Los Angeles and made public Thursday, allowed John and Patricia Murray of Los Angeles to recover all […]