Facts

Elizabeth Bondoc filed a complaint against Wachovia Securities and Stephen Wilson. Her complaint involved an Equitable Accumulator Core 2004 variable annuity and unspecified mutual funds. The dispute was submitted to NASD arbitration.

CLAIMANT'S CONTENTIONS:
The claimant alleged breach of fiduciary duty.

RESPONDENT'S CONTENTIONS:
The respondents denied the allegations of wrongdoing and asserted various affirmative defenses.

Damages

Claimant sought $32,851 in compensatory damages, unspecified punitive damages, prejudgment interest, costs and attorney fees. Respondent requested dismissal of claimant's claims and costs.

Result

The respondents were held jointly and severally liable to claimant for $13,713.36 in compensatory damages. The parties each bore their respective costs.

Other Information

ARBITRATORS: William Winfield, chair, public arbitrator; Anita Shapiro, public arbitrator; Troy Sumrall, non-public arbitrator.