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FORT LAUDERDALE, Fla., May 13, — The law firm of Securities Fraud Attorney Mark A. Tepper announced today that an arbitration panel of the Financial Industry Regulatory Authority (FINRA) has upheld a claim for damages against AmTrust Investment Services on behalf of a retired auto mechanic. The Award fully recovers all investment losses the retiree incurred, plus interest.
“Protecting investors including retirees from predatory investment practices is a top priority for our practice and we’re very pleased with the finding by FINRA’s arbitration panel in favor of the statement of claim we presented,” Tepper, a former New York Assistant Attorney General and Chief Trial Counsel at the Bureau of Investor Protection and Securities, said.
The FINRA panel awarded damages based upon “Breach of Fiduciary Duty” and a “Failure of Adequate Supervision” in its Dispute Resolution Award to the retiree.
“Far too often the elderly are being placed in risky investments and suffering losses needlessly. We hope that the full recovery obtained in this case will send a positive message to victims of securities fraud – make sure you understand your rights and always evaluate whether you have legal recourse,” Tepper added.
About Mark A. Tepper, P.A. (www.MarkTepper.com) A former New York Assistant Attorney General and Chief Trial Counsel at the Bureau of Investor Protection and Securities, Mr. Tepper has also investigated and prosecuted ponzi schemes. A member of the Speaker’s Bureau of the Florida Bar, he has lectured before the North American Securities Administrators Association (NASAA) which presented him with an “Outstanding Service Award.” Since establishing his law practice in Fort Lauderdale representing the victims of broker fraud, he addresses professional associations, local clubs and financial organizations in a continuing effort to educate the public on securities fraud. A member of the Florida, New York and California Bars, Mr.
Tepper is AV(R)-rated, the highest rating of lawyers in the Martindale-Hubbell Law Directory.
FINRA, the Financial Industry Regulatory Authority, is the largest independent regulator for all securities firms doing business in the United States.
Mark Hopkinson, NewsMark Public Relations