In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in 2008, and as amended thereafter, Claimants asserted causes of action among which were breaches of contract and fiduciary duty; negligence; and fraud in connection with investments in, among other securities, E*Trade Financial, Blackstone Group, and Countrywide Financial. Claimants sought at least $1 million in compensatory damages, punitive damages, interest, costs, and attorneys’ fees. In the Matter of the FINRA Arbitration Between Yizhak Toledano, individually and as Trustee of the Yizhak Toledano Trust and Liat Toledano, Claimants, vs. Merrill Lynch, Pierce, Fenner & Smith Inc., Respondent (FINRA Arbitration 08-04804, March 22, 2013). …read more
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