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In Focus
January 31, 2002
nvestors filed 24% more arbitration claims last year to recover their investment losses. That amounts to nearly 7,000 claims filed, alleging breach of fiduciary duty, negligence, failure to supervise, unsuitability and/or misrepresentations.
Of course, the increase in arbitration claims has resulted from investment losses. The two go hand in hand. But brokers simply cannot blame the market as a defense to arbitration claims.
Overall, in 2001 investors received an award 53% of the time. Over the last six years, investors have received an award in their favor 53% to 61% of the time.
— James J. Eccleston
FinancialCounsel.com
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Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
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