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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

Court

FINRA


Attorneys

Claimant

Richard Sacks


Respondent

Kevin K. Fitzgerald
(Jones Bell LLP)


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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