(PRLEAP.COM) July 25, 2017 – Los Angeles, California, July 24, 2017 – Hailed as a success in the battle versus monetary senior abuse, Girard Bengali, APC got an FINRA arbitration award for over $1,800,000 versus Wedbush Securities, Inc. In releasing among the biggest FINRA awards of the year, the three-member arbitration panel particularly discovered that Wedbush took part in the older abuse and unapproved trading, evaluating over $1,000,000 in compensatory damages.
” This was a timeless case of older monetary abuse– a growing pattern throughout the market,” states starting partner Robert Girard. He included, “justice was served by the FINRA investigation panel for these extremely senior financier victims who were made the most of by a broker they relied on and a company that benefited from their lost trust.”.
On behalf of the plaintiffs, Girard Bengali, APC, asserted the following reasons for action: offenses of state and federal securities laws and FINRA/SEC Rules; unapproved trading; breach of the fiduciary task; inappropriate suggestions; failure to monitor; scams; senior monetary abuse; and other reasons for action.
Claimants looked for the following relief: general and offsetting damages in the quantity of $247,000.00; lost chance expenses; disgorgement of all commissions and charges paid to Wedbush and its broker, Mark Augusta; expenses of procedures; compensatory damages; interest at the legal rate on all amounts recuperated; and repayment of all lawyers’ charges and expenses.
After 7 days of hearing and extra post-hearing submissions, the Panel discovered that Wedbush and Augusta participated in inappropriate conduct by subjecting the plaintiffs to senior abuse and permitting unapproved trading in their account. The Panel discovered Wedbush entirely accountable and granted complainants the list below quantities:
1. $250,000.00 in countervailing damages;
2. $110,000.00 in commission disgorgement;
3. Interest in the quantities of $35,069.00 for countervailing damages and $15,430.00 for commission disgorgement;
4. $1,080,000.00 in compensatory damages pursuant to the California Elder Abuse and Adult Civil Protective Act and the California Welfare and Institutions Code Sections 15600, et seq.;
5. $277,691.00 in lawyers’ costs pursuant to the California Welfare and Institutions Code Section 15657.1; and
6. $28,864.00 in expenses.
Girard Bengali, APC, is a law practice focusing on securities, work and business litigation and arbitration. Girard Bengali, APC, represents institutional and individual financiers, in addition to individual monetary experts, in securities litigation in both state and federal courts and in securities arbitrations before FINRA and other online forums. The company has a growing practice representing victims of older monetary abuse and examines and pursues claims including a broad variety of monetary and financial investment items. In addition, the company represents people and little- to mid-size business in work and business conflicts.
Girard Bengali, APC, is dedicated to acquiring justice for its customers and pursuing the settlement mistreated financiers and staff members should have.
About Robert Girard Ii
Robert J. Girard II, a founding partner of Girard Bengali, APC, has more than 15 years of experience in the locations of securities litigation, securities arbitration, and work conflicts. He represents customers in Los Angeles, California, and throughout the state.
Mr. Girard supporters for institutional and individual financiers and has recuperated countless dollars on behalf of his customers from the greatest Wall Street brokerages. He likewise represents securities experts in their work conflicts with broker-dealer companies. His representative matters have consisted of wrongful termination cases, unreasonable business practices, and FINRA regulative matters. In one case, Mr. Girard protected a $3.7 million arbitration award versus an FINRA member company on behalf of individual brokers. His ability and decision have enabled him to construct a credibility as a devoted and strong agent of his customers’ interests.
Mr. Girard finished his undergraduate education at the University of Maryland, College Park. He went on to participate in the Seton Hall University School of Law, where he finished orgasm laude. He has been confessed to practicing law in California since 2001. Following law school, Mr. Girard operated at 2 widely known law practice in Los Angeles, focusing on securities arbitration and litigation.
From 2015 through 2017, Mr. Girard has been called to the Southern California Super Lawyers list, and for 3 successive years (2012-2014), he was picked to the Southern California Rising Stars list by Super Lawyers Magazine, a classification made by less than 2.5% of lawyers under the age of forty.
Committed to his occupation, Mr. Girard is actively associated with several legal companies. His subscriptions consist of the Los Angeles County Bar Association, the Public Investors Arbitration Bar Association (PIABA), the Italian American Lawyers Association of Los Angeles and the Beverly Hills Bar Association.
About Omar Bengali
Omar H. Bengali is a Founding Partner of Girard Bengali, APC. Mr. Bengali’s main practice consists of labor and works litigation and securities arbitration. Mr. Bengali started his profession representing a large variety of business in state and federal court. Having established Girard Bengali, he now concentrates on representing executives, staff members and little to mid-size business in all elements of work law.
Both within and beyond the securities market, Mr. Bengali prosecutes all kinds of employment-related claims and routinely represents workers and executives with claims including wrongful termination, wage and hour infractions, retaliation and discrimination. Mr. Bengali especially concentrates on claims brought by female staff members and executives who have been victimized based on pregnancy, unwanted sexual advances or rejection of equal pay. He has likewise represented companies before federal firms on I-9 audits and examinations. In one such audit, Mr. Bengali effectively protected a company versus an Immigration and Customs Enforcement audit, preventing charges more than a number of million dollars.
Mr. Bengali’s work practice extends into the securities arena, consisting of the representation of monetary specialists versus broker-dealer companies in FINRA arbitrations, along with effectively counseling customers through FINRA regulative and enforcement questions.
In 2016 and 2017, Mr. Bengali was picked to the Southern California Rising Stars list by Super Lawyers Magazine, a classification made by less than 2.5% of lawyers under the age of forty.