{"id":19708,"date":"2021-04-23T13:49:15","date_gmt":"2021-04-23T18:49:15","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19708"},"modified":"2021-04-26T13:49:23","modified_gmt":"2021-04-26T18:49:23","slug":"purshe-kaplan-1-6m-settlement","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-1-6m-settlement\/","title":{"rendered":"Purshe Kaplan Pays $1.6M Settlement To 50 Investors"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Boutique Broker-Dealer Pays Another 7-Figures to Resolve Customer Disputes<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Independent brokerage firm Purshe Kaplan Sterling Investments, Inc. has agreed to settle another Financial Industry Regulatory Authority (FINRA) arbitration claim with investors.\u00a0 This time, 50 customers had pursued financial recovery from the firm.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the broker-dealer\u2019s yearly audited financial statement that it recently submitted with the Securities and Exchange Commission (SEC), the settlement amount is $1.6M. Wentworth Management Services, which owns the firm, will pay $1.2M while its insurer will cover the rest.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-1-6m-settlement\/\"  title=\"Continue Reading Purshe Kaplan Pays $1.6M Settlement To 50 Investors\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Boutique Broker-Dealer Pays Another 7-Figures to Resolve Customer Disputes\u00a0 Independent brokerage firm Purshe Kaplan Sterling Investments, Inc. has agreed to settle another Financial Industry Regulatory Authority (FINRA) arbitration claim with investors.\u00a0 This time, 50 customers had pursued financial recovery from the firm.\u00a0 According to the broker-dealer\u2019s yearly audited financial statement that it recently submitted with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102,4545],"tags":[4066,4071],"class_list":["post-19708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","category-purshe-kaplan","tag-gpb-private-placements","tag-purshe-kaplan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purshe Kaplan Pays $1.6M Settlement to Investors | Securities Fraud Lawyers<\/title>\n<meta name=\"description\" content=\"Broker-dealer Purshe Kaplan pays a $1.6 million settlement to over 50 investors who suffered significant losses due to negligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/purshe-kaplan-1-6m-settlement\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Purshe Kaplan Pays $1.6M Settlement to Investors | Securities Fraud Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Broker-dealer Purshe Kaplan pays a $1.6 million settlement to over 50 investors who suffered significant losses due to negligence.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/04\/pexels-christina-morillo-1181541-2-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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