Securities
Breach of Fiduciary Duty
Simco Company v. E-Trade Securities LLC
Published: Sep. 1, 2017 | Result Date: Jun. 23, 2017 |Case number: FINRA - 17-00273 Arbitration – Respondent
Facts
Simco Company sued E-Trade Securities LLC in connection with various unspecified corporate bonds.
Contentions
CLAIMANT’S CONTENTIONS: Simco asserted causes of action for breach of fiduciary duty, margin calls, and negligence.
RESPONDENT’S CONTENTIONS: Respondent denied the allegations.
Damages
Claimant sought $48,467 in compensatory damages.
Result
Claimant’s claims were denied in their entirety.
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