{"id":7618,"date":"2019-01-23T10:57:34","date_gmt":"2019-01-23T15:57:34","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7618"},"modified":"2019-01-24T10:39:53","modified_gmt":"2019-01-24T15:39:53","slug":"finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/","title":{"rendered":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim"},"content":{"rendered":"

\"Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning-300x232\"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 in punitive damages. The client, Herbert W. Voss, was awarded $1.075 million by FINRA.<\/p>\n

Mr. Voss\u2019 attorney was quoted as saying that “It was like the Wild, Wild West in terms of lack of controls at the firm. It was unconscionable.”<\/em><\/p>\n

Legend Securities, expelled by FINRA<\/a> in April of 2017, was also known as Marlin Trading, Inc. and SPC Securities, Inc. The company\u2019s record lists 32 disclosures. Many of these are similar to Mr. Voss as well as multiple fines and censures.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 in punitive damages. The client, Herbert W. Voss, was awarded $1.075 million by FINRA. Mr. Voss\u2019 attorney was quoted as saying that “It was like the Wild, Wild West in terms […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,599,580],"tags":[301,1453,1456,1359,1454,1455,215],"class_list":["post-7618","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-securities-arbitration","category-stockbroker-misconduct","tag-churning","tag-danard-brown","tag-danard-brown-legend-securities","tag-finra-arbitration-lawyer","tag-frank-fusco","tag-frank-fusco-legend-securities","tag-legend-securities"],"yoast_head":"\nFINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim — Securities Arbitration Lawyers Blog — January 23, 2019<\/title>\n<meta name=\"description\" content=\"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 — January 23, 2019\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim — Securities Arbitration Lawyers Blog — January 23, 2019\" \/>\n<meta name=\"twitter:description\" content=\"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 — January 23, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim — Securities Arbitration Lawyers Blog — January 23, 2019","description":"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 — January 23, 2019","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/","twitter_card":"summary_large_image","twitter_title":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim — Securities Arbitration Lawyers Blog — January 23, 2019","twitter_description":"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 — January 23, 2019","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim","datePublished":"2019-01-23T15:57:34+00:00","dateModified":"2019-01-24T15:39:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/"},"wordCount":358,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning-300x232.jpg","keywords":["churning","Danard Brown","Danard Brown Legend Securities","finra arbitration lawyer","Frank Fusco","Frank Fusco Legend Securities","Legend Securities"],"articleSection":["Churning","Securities Arbitration","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/","name":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim — Securities Arbitration Lawyers Blog — January 23, 2019","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning-300x232.jpg","datePublished":"2019-01-23T15:57:34+00:00","dateModified":"2019-01-24T15:39:53+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"A man whose account was churned down to $10,000 was awarded both compensatory damages of $375,000 for his original investment plus an additional $700,000 — January 23, 2019","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Zachary-Bader-Suspended-After-Multiple-Allegations-of-Churning.jpg","width":1577,"height":1218},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/finra-awards-1m-to-client-in-legend-securities-churning-arbitration-claim\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FINRA Awards $1M To Client In Legend Securities Churning Arbitration Claim"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=7618"}],"version-history":[{"count":5,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7618\/revisions"}],"predecessor-version":[{"id":7631,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7618\/revisions\/7631"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=7618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=7618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=7618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}