{"id":627,"date":"2010-01-07T20:58:41","date_gmt":"2010-01-07T20:58:41","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2010\/01\/suntrust_robinson_humphrey_ord"},"modified":"2022-01-13T12:18:51","modified_gmt":"2022-01-13T18:18:51","slug":"suntrust-robinson-humphrey-ord","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/suntrust-robinson-humphrey-ord\/","title":{"rendered":"SunTrust Robinson Humphrey Ordered to Pay $4.1 Million to Former Institutional Salesperson for Alleged Defamation and Wrongful Termination"},"content":{"rendered":"

\t\t\t\tA FINRA arbitration panel is ordering SunTrust Robinson Humphrey, Inc. to pay $4.1 million to a former institutional salesperson who claims he was defamed in a regulatory filing and wrongfully terminated. SunTrust Robinson Humphrey is the corporate and investment bank services unit of SunTrust Banks, Inc. <\/p>\n

Lance B. Beck, who worked for the company 19 years and sold debt securities, claims he was slated to gross more than $3 million when, following the auction-rate securities market collapse, he was let go. According to a regulatory filing for the former institutional salesman, his case against his former employer involves a $2.9 million ARS transaction with a institutional customer. SunTrust later decided to repurchase the securities. <\/p>\n

Beck is accusing SunTrust of making disclosures on his Form U5 that were “devastating,” and prevented him from getting hired by other companies or take his book of business with him. Beck wanted certain language in the form, which brokerage firms have to submit to regulators when a broker leaves the company, expunged.<\/p>\n

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

A FINRA arbitration panel is ordering SunTrust Robinson Humphrey, Inc. to pay $4.1 million to a former institutional salesperson who claims he was defamed in a regulatory filing and wrongfully terminated. SunTrust Robinson Humphrey is the corporate and investment bank services unit of SunTrust Banks, Inc. Lance B. Beck, who worked for the company 19 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3798,3752,3739,3878],"tags":[],"class_list":["post-627","post","type-post","status-publish","format-standard","hentry","category-arbitration","category-financial-firms","category-finra","category-suntrust-investment-services-inc"],"yoast_head":"\nSunTrust Robinson Humphrey Ordered to Pay $4.1 Million to Former Institutional Salesperson for Alleged Defamation and Wrongful Termination — Investor Lawyers Blog — January 7, 2010<\/title>\n<meta name=\"description\" content=\"A FINRA arbitration panel is ordering SunTrust Robinson Humphrey, Inc. to pay $4.1 million to a former institutional salesperson who claims he was defamed — January 7, 2010\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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