Securities Fraud Lawyer Blog
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 for 10% interest on the award until paid in full.
The underlying matter involved claims that Respondents negligently caused the Claimant to lose his retirement benefits by transferring money out of a qualified retirement plan. As a result of the transfer, Claimant lost a guaranteed income benefit of $3200 a month for life from the Wyoming state pension system.
After a three day arbitration hearing in July, 2017, the arbitrators rendered their decision and awarded the Claimant $559,612 in compensatory damages, and 10% interest from the date of the award until paid in full.
As a result of this award The Law Office of David Liebrader has opened an investigation into Jacqueline Georgio and RBC Capital Markets’ practices in regards to advising retirees to transfer lump sums out of guaranteed state pension benefits systems.
Jacqueline Georgio’s broker check lists one customer complaint over 19 years in the brokerage industry, all with RBC Capital Markets
FINRA Code of Arbitration Procedure section 12904 governs the issuance and payments of awards. Key provisions of the rule are that the award may be entered as a judgment in any court of competent jurisdiction, after a motion to confirm the award is filed pursuant to state or federal law. Furthermore, unless the applicable law directs otherwise, all awards rendered under the Code of Arbitration Procedure are final, and are not subject to review or appeal. Grounds for overturning binding FINRA arbitration awards are extremely limited. Jacqueline Georgio and RBC Capital Markets have thirty days to pay the award, or to seek to have the award vacated.
If you are the victim of investment fraud, or if you have lost money investing with Jacqueline Georgio and RBC Capital Markets please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.