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Securities
Breach of Contract
Managed Account

Harvest & Rowe Inc. Retirement Plan v. Charles Schwab & Co. Inc.

Published: Jun. 1, 2013 | Result Date: May 17, 2013 | Filing Date: Jan. 1, 1900 |

Case number: 12-01383 Arbitration –  $17,384

Court

FINRA


Attorneys

Claimant

Brett A. Alcala
(Alcala Law Firm)


Respondent

Anthony L. Valenzuela
(Charles Schwab & Co.)


Facts

Harvest & Rowe filed suit against Charles Schawb & Co. Inc., asserting causes of action for breach of contract, breach of fiduciary duty, fraud and negligent misrepresentation, failure to supervise and respondeat superior, and violation of state and federal securities laws. The causes of action related to Harvest & Rowe's investment in the Janus Opportunistic Core managed account and Charles Schwab's handling of the account.

Damages

Harvest & Rowe requested $98,039 in net losses suffered.

Result

The arbitration panel found that Charles Schwab was liable to Harvest & Rowe for $17,384.


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