Dow Jones Newswires
A National Association of Securities Dealers arbitration panel ordered Morgan Stanley (MWD) to pay investor Joacy Silva $452,034 for alleged breach of fiduciary duty and allegedly failing to supervise one of its employees. In a press release Thursday, Aidikoff & Uhl, a law firm representing Silva said the self-regulating brokers’ guild charged Morgan Stanley for […]
PR Newswire
BEVERLY HILLS, CALIFORNIA, November 18, 2004 /PRNewswire/ – The following was released today by Aidikoff & Uhl: A National Association of Securities Dealers (NASD) arbitration panel found liable and ordered Morgan Stanley DW, Inc. (NYSE: MWD) to pay Joacy Silva a total of $452,034 for the company’s breach of fiduciary duty and failure to supervise […]
New York Post
The National Association of Securities Dealers is probing Sands Brothers, a New York brokerage firm, for dodging payments to clients who have successfully sued them, sources told The Post. Regulators also are investigating practices that landed the firm and its brokers in investors’ suits to begin with, sources said. The firm and its principals, Martin […]
New York Post
A New York Stock Exchange arbitration panel awarded a California investor $3.1 million after finding a New York-based investment company made unauthorized trades and failed to protect a large stock position. The investor, Jay Hoge, won $2.1 million in compensatory damages and another $1 million in punitive damages from Sands Brothers. Hoge, a technology services […]
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 […]