AFinancial Industry Regulatory Authority (FINRA) arbitration panel awarded the client of CHRISTOPHER DUKE BENNETT (CRD#: 2510231), a broker with J.J.B. Hilliard, W.L. Lyons of Louisville, Kentucky, $445,000 in compensatory damages.
The FINRA award was an additional $195,000 than what the client had sought in compensatory damages, but less than the final damage request for a total in excess of $900,000. The client alleged that CHRISTOPHER DUKE BENNETT, executed transactions in her accounts without authorizations; allocated her assets in an unsuitable manner for someone her age and with her investment objectives, without discussing the risks associated with such re-allocation, and engaged in excessive trading in her accounts related to the loss in her qualified and non-qualified retirement accounts.
The allegations that the client made against the broker were, breach of fiduciary duty, unauthorized trading, suitability, churning, misrepresentation, omission of facts, common law negligence, fraud, failure to supervise, common law negligent supervision and violation of Kentucky statutes, regulations and FINRA rules.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CHRISTOPHER DUKE BENNETT has 6 Disclosures on his report, all 6 Disclosures are Customer Disputes. Three of these Customer Disputes are “Pending.” Some of the allegations in the pending disputes are: breach of fiduciary duty, the misrepresentation and suitability of certain securities, and registered representative failed to properly diversify and invested in products that exposed the client's portfolio to significant risk.
CHRISTOPHER DUKE BENNETT has been in the securities industry for 22 years and has only been listed with the following firm since 12/13/1995
J.J.B. HILLIARD, W.L. LYONS, LLC
10200 FOREST GREEN BLVD. SUITE 500
LOUISVILLE, KY 40223
If you experienced losses due to Hilliard Lyons of Louisville, Kentucky broker, CHRISTOPHER DUKE BENNETT, recommendations or actions call Soreide Law Group and speak to a lawyer at no-cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationally before FINRA. We operate on a contingency fee basis, no fee if no recovery. Let our years of experience work for you.
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