Soreide Law Group's client won an $86,000 award in a FINRA arbitration representing 100% of the client's investment losses against NSM Securities of West Palm Beach, Florida.
The alleged charges against NSM were; negligence, breach of fiduciary duty, negligent supervision, breach of contract, and fraud. The causes of this action related to the purchase of securities and margin calls in the Claimants' account. The Claimants requested compensatory damages in the amount of $86,000.
According to the FINRA award, NSM was liable for claims of negligent supervision and breach of fiduciary duty (in the form of churning) and was ordered to pay damages in the amount of $86,0000 plus fees.
Ft. Lauderdale-based, Soreide Law Group, will represents clients nationwide in arbitrations before FINRA. For a free consultation on how to potentially recover your investment losses call: 888-760-6552.
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