Home

Couple Awarded Full Recovery for Investment Losses; Sister Victimized by Stockbroker Brother
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Following a claim filed by the law firm of securities fraud attorney Mark A. Tepper, a former school teacher and her husband, who had been victimized over a 3-4 month period by her brother, stockbroker Kenneth Popek, have been awarded full recovery of all losses plus interest, attorney fees, forum fees and costs by a FINRA arbitration panel.

The couple suffered a nearly 80 percent investment loss while their portfolio was under management by Popek and Tampa based brokerage firm Calton & Associates, Inc.

Punitive damages against the brokerage firm were also awarded by the arbitration panel. “Calton’s failure to detect Respondent Popek’s wrongful conduct and failure to supervise the investments in Claimants’ accounts rose to the level of gross negligence pursuant to Florida Statute 768.72,” the arbitration panel noted.

  
What
Where


“Brokerage firms are the last line of defense against stock broker misconduct and when that protection fails, investors can be the victimized. We’re very pleased with the finding by FINRA’s arbitration panel in favor of our clients,” Tepper said.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney with motions experience

USA-WA-Seattle

Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience

USA-FL-Jacksonville

Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Junior to Mid-level Trademark Attorney with counseling experience

USA-WA-Seattle

Seattle office of our client seeks junior to mid-level trademark attorney with preferably 2+ years o...

Apply Now

RELEVANT JOBS

Managing Director, Litigation Finance Investments

USA-FL-Tampa

Title                ...

Apply now

Contract Associate

USA-CA-Sausalito

Seeking lawyer with at least 2 yrs experience in complex real estate transactional matters, with wil...

Apply now

Associate

USA-NY-Syracuse

Our Syracuse, NY office seeks an Associate with 3-5 years experience defending general liabilit...

Apply now

Experienced Insurance Defense Attorney Needed

USA-NY-Bohemia

Insurance Defense firm (with 15 attorneys in Suffolk and Mineola location), seeks attorneys with 5+ ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top