Securities
Securities Fraud
Conversion, Breach of Fiduciary Duty
Belinda E. Bullock v. Wedbush Securities Inc., Edward W. Wedbush
Published: Mar. 19, 2011 | Result Date: Jan. 27, 2011 | Filing Date: Jan. 1, 1900 |Case number: 10-00957 Arbitration – $36,105
Court
FINRA
Attorneys
Claimant
H. Thomas Fehn
(Fields Fehn & Sherwin)
Respondent
Charles B. LaChaussee
(Wedbush Securities Inc.)
Facts
Belinda Bullock entered into arbitration with Wedbush Securities Inc. and Edward Wedbush regarding her investment in the Wedbush Stock Gifting Program.
Contentions
CLAIMANT'S CONTENTIONS:
Bullock alleged securities fraud, conversion, and breach of fiduciary duty.
RESPONDENT'S CONTENTIONS:
Wedbush denied the allegations, asserting various affirmative defenses.
Damages
Bullock sought damages for $100,000, the value of her shares, as well as interest, costs, attorney fees, and punitive damages.
Result
The arbitrator found Wedbush liable, awarding Bullock $36,105 in compensatory damages.
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