An arbitration panel of the Financial Industry Regulatory Authority (FINRA) has ruled in favor of the investor in an arbitration case against Wells Fargo Advisors LLC, and E*Trade Securities LLC. The FINRA arbitration panel found Wells Fargo Advisors liable to the investor for $50,253 in compensatory damages, and E*Trade Securities liable for an additional $33,502 […]

Moshar v. Wells Fargo, FINRA ID # 11-00556 (Los Angeles, CA, 1/9/2013) A couple was recently awarded $1,333,300 in compensatory damages through a FINRA arbitration. The claimants charged Wells Fargo with the following: breach of fiduciary duty, breach of written contract, fraud by misrepresentation and omission, failure to supervise and control, and violation of federal […]