Zabala Farms Group LLC Managers Hit with $3.8 Million Judgment Zabala Farms Group, LLC managers Anthony Johnson and Jeremy Johnson were found liable to an investor, and ordered to pay him $3.8 million in damages for selling unqualified securities in the form of membership interests in GPA Enterprises, LLC and…
Carlos Isaac ordered to pay investor million dollar judgment. On January 27, 2020 a Clark County Nevada District Court Judge issued a judgment in the amount of $1,054,309 against Carlos Isaac III, the manager of two Nevada limited liability companies; Mackiernan, LLC and C13 Holding, LLC. Mr. Isaac used those…
Allegis Investment Advisors ordered to pay investors $911,000. On January 8, 2018 an American Arbitration Association panel issued a $911,000 binding arbitration award to clients of the Law Office of David Liebrader. The award stems from options trading losses losses suffered by the clients in 2015. The award of $911,000…
Hilliard Lyons ordered to pay $560,000 FINRA arbitration award In September, 2017, a FINRA arbitrator panel sitting in St. Louis, Missouri issued a $550,000 binding arbitration award against brokerage firm Hilliard Lyons, a FINRA registered broker dealer. The award included $100,000 in punitive damages pursuant to State Farm v. Campbell,…
Jacqueline Georgio, Paul Howard, Bryan Perderson and RBC Capital Markets hit with large FINRA Award In August, 2017, a FINRA arbitration panel sitting in Cheyenne, Wyoming issued a $569,000 binding arbitration award against Jacqueline Georgio (aka Jacqueline Westover) Paul Howard, Bryan Pederson and RBC Capital Markets. The award also provided…
In July, 2017, a FINRA arbitrator panel sitting in New York, NY issued a $2.6 million binding arbitration award against Northeast Securities a FINRA registered broker dealer. The award was joint and several against Northeast Securities and registered reps Stephen Perrone, Diane Hawkins and Jonathan Zucker. The award includes nearly…
In July, 2017, a FINRA arbitrator panel sitting in Los Angeles, CA issued a $1,797,100 binding arbitration award against Wedbush Securities a FINRA registered broker dealer. The award included nearly $1.2 million in punitive damages pursuant to the California Elder Abuse and Dependent Adult Act. The panel also added nearly…
In May, 2017, a FINRA arbitrator panel sitting in Los Angeles issued a $1,378,800 binding arbitration award against Charles Laverty in a case involving personal loans that the clients made to Laverty. The underlying matter involved allegations that Charles Laverty breached his fiduciary duty by soliciting a loan in violation…
LPL Financial hit with $160,000 FINRA arbitration award. In June, 2017, a FINRA arbitrator panel sitting in San Francisco issued a $160,000 binding arbitration award against LPL Financial in a case involving VIX derivative securities. The VIX is a measure of the expected volatility in the stock market, specifically the…
Award against Network 1 Financial broker Shane Melito In May, 2017, a FINRA arbitrator sitting in Los Angeles, CA issued a $51,000 binding arbitration award against Shane Melito, a registered representative with Network 1 Financial Securities. The underlying matter involved allegations that Shane Melito made unsuitable investments and breached his…