Barbara Quick, Gary Quick, The Quick Family Trust v. Dennis Rodney Dieb, Wedbush Securities Inc.
Published: Nov. 8, 2014 | Result Date: Oct. 14, 2014 | Filing Date: Jan. 1, 1900 |Case number: 10-02578 Arbitration – Respondent
Facts
Barbara Quick, Gary Quick, and The Quick Family Trust filed a complaint against Dennis Dieb and Wedbush Securities Inc., concerning the Trust's investments in Blackrock Ecosolutions.
Contentions
COMPLAINANTS' CONTENTIONS:
Claimants asserted claims for misrepresentations and omissions, breach of fiduciary duty, fraud, violation of NASD Rules, violation of 10(b)-5 of the Securities Act of 1934, and violation of California Corporations Code Sections 25400 and 25401.
RESPONDENTS' CONTENTIONS:
Respondents denied the allegations, and asserted various affirmative defenses. Respondents also requested the expungement of Dieb's Central Registration Depository record.
Damages
Claimants sought approximately $110,000 in compensatory damages, $440,000 in punitive damages, interest, attorney fees and costs, and other relief.
Result
The FINRA Panel denied claimants' claims in their entirety.
Other Information
ARBITRATORS: Roberta Haft, Kirtley M. Thiesmeyer, Robert Elman
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