Facts

Claimant filed a statement of claim against respondents relating to her investment portfolio.

CLAIMANT'S CONTENTIONS: Claimant contended that respondent Harvey made unsuitable recommendations, resulting in her portfolio being comprised of junk bonds.

She asserted causes of action for negligence, negligent misrepresentation, breach of fiduciary duty, breach of contract, unsuitability, equitable rescission, failure to supervise, control person liability, statutory fraud, respondeat superior and violations of Texas law.

RESPONDENTS’ CONTENTIONS: Respondents denied claimants’ allegations and asserted various affirmative defenses.

Result

The arbitration panel denied claimant’s claims in their entirety and recommended expungement of all references to the arbitration from Harvey’s registration records.

Other Information

ARBITRATORS: David A. Schuler, presiding chairperson; James D. Haigh; Robert C. Denenberg.