{"id":24719,"date":"2022-03-18T13:26:20","date_gmt":"2022-03-18T18:26:20","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=24719"},"modified":"2022-03-18T13:26:20","modified_gmt":"2022-03-18T18:26:20","slug":"first-allied-securities-finra-award","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/first-allied-securities-finra-award\/","title":{"rendered":"Arizona Retirees Win $2.6M FINRA Arbitration Award Against First Allied Securities"},"content":{"rendered":"

Cetera Broker-Dealer Unsuitably Recommended Non-Traded REITs to Retired Couple<\/span><\/h2>\n

Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm at investorlawyers.com) and Menzer & Hill, PA, are pleased to announce that a Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded our clients a $2.6M award against First Allied Securities<\/a>. This includes $1.1M in compensatory damages, $818K in market-adjusted damages, more than $660K in legal fees, and $40K in other expenses.<\/span><\/p>\n

This was a unanimous decision by the three-person panel of arbitrators, which awarded the retired couple the total amount they requested. The arbitration panel was just as troubled as our knowledgeable broker misconduct attorneys were about the actions of First Allied Securities and its financial advisors. First Allied is a <\/span>Cetera Financial Group<\/span><\/a> broker-dealer.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Cetera Broker-Dealer Unsuitably Recommended Non-Traded REITs to Retired Couple Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm at investorlawyers.com) and Menzer & Hill, PA, are pleased to announce that a Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded our clients a $2.6M award against First Allied Securities. This includes $1.1M in compensatory damages, […]<\/p>\n","protected":false},"author":2,"featured_media":24720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4663,3794],"tags":[4061,2945,2639],"class_list":["post-24719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-first-allied-securities","category-real-estate-investment-fraud","tag-cetera-financial-group","tag-first-allied-securities","tag-non-traded-reits"],"yoast_head":"\nEx-First Allied Securities Customers Win $2.6M FINRA Arbitration Award<\/title>\n<meta name=\"description\" content=\"Former First Allied Securities win a $2.6M FINRA arbitration award in the latest arbitration case against the broker-dealer. 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