Securities
Negligence
Failure to Disclose
Steve R. Fraser v. Wachovia Securities LLC
Published: Mar. 12, 2011 | Result Date: Feb. 11, 2011 | Filing Date: Jan. 1, 1900 |Case number: 09-03471 Arbitration – $25,000
Court
FINRA
Attorneys
Claimant
John Joseph Gulino
(Gulino Law Office)
Respondent
Judy Louie
(Wells Fargo Advisors LLC)
Facts
Steve Fraser filed a complaint against Wachovia Securities LLC relating to the tax liability created due to the transfer of his IRA. He alleged negligence and failure to disclose.
Damages
Fraser sought damages for overpayment of taxes of $39,247.
Result
Wachovia was found liable for compensatory damages in the amount of $25,000. All other relief was denied.
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