Securities
Fraud
Unspecified Equities
Clara M. Hickle v. Wells Fargo Advisors, LLC f/k/a Wachovia Securities Inc.
Published: Jan. 19, 2013 | Result Date: Dec. 31, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-05726 Arbitration – Dismissal
Facts
Claimaint, the owner of an account, brought an action against Respondent related to its use of an "Envision Report" and its investment in unspecified equities rather than fixed income products. Claimant alleged failure to supervise, breach of contract, fraud, negligence, misrepresentation, and breach of fiduciary duty claims.
Damages
Claimant sought damages of $200,000, plus punitive damages.
Result
Dismissed, with the recommended expungement from the records of all references to Kent Robert Elliott.
Other Information
ARBITRATORS: Herb Schwartz, Terry M. Lloyd, Joseph Berzok.
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