Securities
Breach of Fiduciary Duty
Failure to Supervise and Control
Ellen Baron v. Banc of America Investment Services Inc., Mark Holland
Published: Feb. 20, 2010 | Result Date: Jan. 14, 2010 | Filing Date: Jan. 1, 1900 |Case number: 09-01931 Arbitration – $13,500
Facts
Claimant Ellen Baron and respondent Banc of America Investment Services Inc. entered into arbitration to resolve disputes related to Freddie Mac preferred stock.
Contentions
CLAIMANT'S CONTENTIONS:
Baron alleged breach of fiduciary duty, failure to supervise and control, as well as violations of state and federal securities law, FINRA Rules of Fair Practice and NYSE Rules.
Damages
Baron sought damages of $24,450.
Result
The arbitrator awarded Baron compensatory damages.
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