Israels & Neuman Obtains $50,000 for Albuquerque, NM Client
Israels & Neuman Obtains FINRA Award for Albuquerque, New Mexico Resident
Israels & Neuman has just recently obtained a default FINRA (Financial Industry Regulatory Authority) Award on behalf an Albuquerque, New Mexico resident against former brokerage firm, Legend Securities, Inc. The Albuquerque investor alleged that a former representative of Legend Securities recommended that he invest in American BioCare preferred stock. The investment in American BioCare resulted in a full loss.
After Legend Securities failed to respond to the complaint (which was filed in Albuquerque, New Mexico), the investor asked the arbitrator to enter a default award against Legend. As such, the arbitrator awarded $33,000 in compensatory damages, as well as $15,266 in interest. However, it is unlikely that Legend will ever pay the award.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We are also in the process of opening an office in the Phoenix, Arizona area. Our securities fraud firm represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout with Southwest and New Mexico, including New Albuquerque, Las Cruces, Santa Fe, Rio Rancho, and others. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Award
If you have lost money from bad advice from a stockbroker, financial advisor, or securities brokerage firm, please CONTACT ISRAELS & NEUMAN at 720-599-3505 for a free case evaluation.