Securities
Breach of Fiduciary Duty
Annuity Investments
Richman Bry Jr. v. Kevin James Caputo, Citigroup Global Markets Inc.
Published: Nov. 3, 2012 | Result Date: Oct. 4, 2012 | Filing Date: Jan. 1, 1900 |Case number: 09-06268 Arbitration – Expungement
Facts
Richman Bry filed a complaint against Kevin Caputo and Citigroup Global Markets Inc. asserting claims for breach of fiduciary duty, misrepresentation/non-disclosures, unauthorized trading, omission of facts, and suitability related to Bry's investments in annuities and bond funds.
Damages
Claimant sought damages for losses incurred from unauthorized trades, plus interest, costs, and attorney's fees.
Result
The parties agreed to settle the matter. The FINRA Panel thereafter recommended the expungement of Caputo's records.
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