Wall Street Journal Online
WASHINGTON — A tech start-up employee who claimed that Sands Brothers & Co. failed to arrange a hedge against a concentrated stock position and engaged in unauthorized trading in his account has won $3.1 million in arbitration against the firm, including $1 million in punitive damages. The investor, Jay Hoge, claimed in a New York […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, July 20, 2004 /PRNewswire/ – The following was released today by Aidikoff & Uhl: A New York Stock Exchange (NYSE) arbitration panel awarded investor Jay Hoge damages of $3.1 million against Sands Brothers & Co., LTD. (Sands Brothers) for making unauthorized trades and failing to properly hedge a concentrated stock position in […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, April 5, 2004 /PRNewswire/ – The following was released today by Aidikoff & Uhl: A National Association of Securities Dealers (NASD) arbitration panel awarded damages of $1 million against Prudential Securities, Inc., the jointly owned brokerage unit of Wachovia Securities Corp. (NYSE: WB) and Prudential Financial (NYSE: PRU), for failing to properly […]
Reuters
NEW YORK (Reuters) – An NASD panel awarded $1 million of damages to a Prudential Securities Inc. client because the firm did not properly discipline a broker despite customer complaints, the client’s law firm said. Under the arbitration ruling made last Friday by the market regulator, Prudential Securities. which is jointly owned by Prudential Financial […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, March 18, 2004 /PRNewswire/ – The following was released today by Aidikoff & Uhl: A National Association of Securities Dealers (NASD) arbitration panel found Salomon Smith Barney, Inc. (n/k/a Citigroup Global Markets, Inc.) the brokerage firm unit of Citigroup, Inc. (NYSE: C) liable and ordered the firm to pay investor Judy Moran […]