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Securities
Negligence
Breach of Fiduciary Duty

Brad A. Baggarly, SEP-IRA v. Charles Schwab & Co. Inc.

Published: Jul. 2, 2011 | Result Date: May 9, 2011 | Filing Date: Jan. 1, 1900 |

Case number: 10-02919 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Thomas D. Mauriello
(Mauriello Law Firm APC)


Respondent

Garrett R. Wynne
(Charles Schwab & Co. Inc.)


Facts

Brad Baggarly, SEP-IRA filed a complaint against Charles Schwab & Co. Inc. related to Baggarly's investment in the Schwab YieldPlus Fund.

Damages

Claimant sought $34,478 in compensatory damages and/or a rescission of his investments as well as interests, fees, attorney fees and costs, punitive damages, and other relief.

Injuries

Claimant asserted the following causes of action: negligence; breach of fiduciary duty; breach of contract; negligent misrepresentation; fraud and deceit; violation of the California Business & Professions Code; and violations of the California Corporations Code.

Result

The parties settled the matter on or about Jan. 14, 2011, and the Panel recommended expungement of a non-party's records.


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