In a FINRA Arbitration Statement of Claim filed in July 2009, former UBS employee Jeffrey Kane Bischoff sought damages of not less than $1.9 million against his former firm for breach of contract, additional damages arising from the employer's unjust receipt and retention of Claimant's services as provided under quantum meruit, and other costs/expenses. In the Matter of the Arbitration Between: Jeffrey Kane Bischoff,Claimant vs. UBS Financial Services, Inc.,Respondent (FINRA Arbitration 09-04107, December 29, 2010)
The FINRA Arbitration Panel found Respondent UBS liable for and ordered it to pay to Claimant compensatory damages in the amount of $2,796,168.00 plus interest at a rate of 9% per annum from January 1, 2011 until payment of the Award. Further, the Panel awarded $600.00 for the arbitration filing fees and additional costs related to the court reporter.
The 2015 Flash Crash is the Wall Street gift that keeps on giving. In today's blog we got a FINRA arbitration and two federal lawsuits. Then we got sp... Read On
Schwab Intelligent Portfolios ("SIP") was advertised as a robo-adviser that didn't charge advisory fees; however, from March 2015 through November 201... Read On
GUEST BLOG [In]Securities: Highwaymen: The SEC Pulls Off a Brinks Heist by Aegis Frumento Esq (BrokeAndBroker.com Blog)https://www.brokeandbroker.com/... Read On
[In]Securities a Guest Blog byAegis J. Frumento, Partner, Stern Tannenbaum & BellHighwaymen: The SEC Pulls Off a Brinks HeistAside from pirat... Read On
The Report of the Independent Review of FINRA's Dispute Resolution Services -- Arbitrator Selection Process (June 28, 2022) https://www.finra.org... Read On