This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.

Securities
Negligence
Breach of Fiduciary Duty

Kelly Martinsen v. E*Trade Securities LLC

Published: Jan. 28, 2012 | Result Date: Dec. 30, 2011 | Filing Date: Jan. 1, 1900 |

Case number: 11 -02100 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Lars K. Soreide
(Soreide Law Group)


Respondent

John E. Bersin
(E-Trade Securities)


Facts

Kelly Martinsen filed a complaint against E*Trade Securities LLC alleging negligence, breach of fiduciary duty, negligent supervision, breach of contract and fraud relating to auction rate securities.

Damages

Martinsen sought $650,000 in compensatory damages as well as punitive damages, rescission, interest, costs and other relief.

Result

The parties entered into a settlement and the FINRA Panel recommended the expungement of a non-party.


#106215

For reprint rights or to order a copy of your photo:

Email jeremy@reprintpros.com for prices.
Direct dial: 949-702-5390