Facts

Claimant Ruth Forester filed an arbitration dispute against respondents Randall Scott Karl and Lucia Securities LLC, alleging negligence and gross negligence in relation to claimant's securities and investments.

CLAIMANT'S CONTENTIONS: Claimant contended she was entitled to $70,000 in compensatory damages after she invested in several unsuitable investments with respondent.

RESPONDENT'S CONTENTIONS: Respondent Karl denied Claimant's contentions and requested to have the complaint expunged from his records. Respondent Karl contended contended he had previously informed claimant of the risks associated with the investments, and that claimant acknowledged receipt of the information both verbally and in written form.

Result

The arbitrator denied claimant's claims and recommended expungement of these occurrences from respondent's records.

Other Information

ARBITRATOR: Benjamin F. Breslauer.