Fred S. Beaton and Fred S. Beaton Revocable Trust dated March 30, 1987 v. Mission Wealth Management LLC, National Planning Corp. and Brad Warren Stark
Published: Aug. 17, 2013 | Result Date: Aug. 2, 2013 | Filing Date: Jan. 1, 1900 |Case number: 12-00934 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
Brian D. Miller
(Miller & Milove)
Respondent
Chad E. Weaver
(Freeman, Mathis & Gary LLP)
Facts
Fred Beaton filed an arbitration claim against National Planning Corporation and others, asserting causes of action for violation of securities laws, breach of fiduciary duty and constructive fraud, fraud and deceit, California securities fraud, unfair sales practices, negligence and negligent misrepresentation, and elder abuse. The causes of action related to seven Tenant in Common real estate investments.
Damages
Beaton sought $4,011,772 in damages.
Result
The arbitration panel denied Beaton's claims in their entirety and recommended the expungement of all references to the arbitration from Brad Stark's registration records.
Other Information
ARBITRATORS: Milton N. Gross, Martin Olinick and Robert C. Forst.
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