Multiple investor complaints against Louisville, Kentucky financial advisor Jonathan Upton (CRD# 4559794) allege that he recommended unsuitable investments. Financial Industry...
Read MoreCarlson Law Wins Punitive Damages Against Joseph Gunnar & Co.
Last week, a FINRA arbitration Panel in New York awarded a Carlson Law client compensatory damages and more than $100,000 in punitive damages against Joseph Gunnar & Co., a FINRA-registered broker-dealer. The client’s former financial advisor was Anthony Sica, who is based in New York City.
The Claimant, a woman in her 60s, alleged that she was a conservative investor who was sold three risky and unsuitable private placement securities. The claim sought damages for negligence, negligent supervision, negligent misrepresentations, fraud, fraudulent misrepresentations, breach of fiduciary duty, breach of contract, and violations of FINRA rules, including the suitability rule.
After a six days of hearings, the arbitration Panel ruled in the Claimant’s favor, awarding her compensatory damages, punitive damages, and costs.
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.
