The securities arbitration lawyers at Colling Gilbert Wright & Carter are pleased to announce an award on behalf of their client against SII Investments, Inc. in the amount of $19,634.34 plus interest and arbitration fees. The complaint was filed with The Financial Industry Regulatory Authority (FINRA) and alleged unsuitability; misrepresentations and omissions; violation of NASD/FINRA conduct rules; breach of contract; negligence; breach of fiduciary duty; failure of supervision; and vicarious liability. The causes of action relate to the purchase of the Cole Credit Property Trust II, Inc. and Behringer Harvard REIT I non-traded real estate investment trusts in our client's accounts. She is semi-retired and resides in The Villages, Lady Lake, Florida.
The FINRA Chairman and sole arbitrator found SII Investments, Inc. liable for negligence, unsuitability and breach of fiduciary duty and ordered the brokerage firm to pay our client compensatory damages in the amount of $19,634.34, plus interest at the rate of 4.75% per annum from October 4, 2011, until the date of this Award plus fees associated with the arbitration.
The full award can be found here.
The investment fraud attorneys at Colling Gilbert Wright & Carter represent investors who have suffered securities losses due to the mishandling of their accounts. Our stock market attorneys at have decades of combined experience helping victims of dishonest stock brokers get justice. If you would like a free consultation on your case, please contact us online or by calling (407) 712-7300 today. Our FINRA attorneys represent victims of fraud throughout the United States.