Securities
Breach of Fiduciary Duty
Negligent Supervision
Laura J. Bogolin, Roy Lee Harvey v. E*Trade Securities LLC
Published: Jan. 14, 2012 | Result Date: Dec. 13, 2011 | Filing Date: Jan. 1, 1900 |Case number: 11-01339 Arbitration – Expungement
Facts
Laura Bogolin and Roy Harvey filed a claim against E*Trade Securities LLC in connection with their purchase of Eaton Vance, Pimco, and Alliance AGIC Convertible & Income Fund auction rate securities in their account.
Contentions
CLAIMANT'S CONTENTIONS:
Claimants alleged negligence, breach of fiduciary duty, negligence supervision, breach of contract, and fraud.
RESPONDENT'S CONTENTIONS:
Respondents denied wrongdoing.
Damages
Claimants sought $200,000 in compensatory damages.
Result
The arbitration panel recommended expungement.
Other Information
ARBITRATORS: Michael J. Ahlstrom, Helen E. Huyler, Joe E. Manuel.
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