Recent News

IAVARONE LAW FIRM FILES SERIES OF ARBITRATIONS TO RECOVER DEFERRED COMPENSATION AND FOR ABUSIVE LOAN REPAYMENT DEDUCTIONS

The Iavarone Law Firm has filed a series of FINRA arbitrations to recover damages for abusive deductions of loan re-payments from broker's monthly compensation leaving them will little or no take home pay. The firm has also filed a series of related arbitrations seeking to recover deferred compensation for brokers who were either terminated or forced to leave their firms. The claims have been filed against UBS, Morgan Stanley Smith Barney.

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THE IAVARONE FILES LEHMAN BROTHERS STRUCTURED NOTE ARBITRATION AGAINST UBS

The Iavarone Law Firm, after having obtained a record recovery of over $ 4million in a Lehman Brothers structured note arbitration against Neuberger Berman earlier this month has filed another FINRA arbitration involving Lehman Brothers structured notes. This latest arbitration is against UBS and involves the sale of a series of Lehman Brothers structured notes sold during 2007 and 2008. The claim alleges that the customer was misled into investing in the structured notes by the "principally protected" feature touted by UBS. The arbitration seeks recovery of the amount invested, interest, punitive damages, and attorney's fees.

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THE IAVARONE LAW FIRM OBTAINS $5 MILLION ARBITRATION AWARD IN LEHMAN BROTHERS STRUCTURED NOTE CASE AGAINST NEUBERGER BERMAN

The $5 million arbitration award against Neuberger Berman and Brian Hahn for the sale of Lehman Brothers Structured Notes to three customers who were sold Lehman Brothers Structured Notes (comBATS and XLF) in the summer of 2008. The FINRA arbitration panel granted the customers rescission of their $4 million in purchases of the structured notes. The arbitration award also included $1 million for one the customer's investment in LibertyView Credit Select, a proprietary Neuberger Berman fund that hypothecated assets to Lehman Brothers, Neuberger Berman's then parent company. The Panel also award approximately $450,000 in interest. The Illinois customer was ...

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THE IAVARONE LAW FIRM SEEKS INJUNCTION AGAINST FINRA ON BEHALF Of BROKERS TO CEASE ENFORCEMENT OF TAPING RULE

The Iavarone Law Firm has filed a class action suit in federal court in Chicago to enjoin the Financial Industry Regulatory Authority (FINRA) from enforcing its “taping rule” involving brokers who had been associated with what FINRA designates as a “Disciplined Firm.” The “taping rule” requires broker/dealers to institute taping of broker telephone conversations and instituting heightened supervision procedures when the number of “tainted” brokers employed by the firm reaches certain levels. The lawsuit alleges that, by not providing brokers who were previously registered with a “Disciplined firm” a means to establish that they did not participate in the ...

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THE IAVARONE LAW FIRM FILES SUIT ON BEHALF OF MERRILL LYNCH BROKERS WHO WERE VICTIMS OF DEFAMATORY U-5

The Iavarone Law Firm has filed a FINRA arbitration on behalf of three former Merrill Lynch brokers who were subject to a campaign of false statements to discourage their customers from continuing to do business with the brokers at the new firm. The campaign included the filing of inaccurate U-5 information. The Iavarone has prosecuted similar cases, most of which have been settled. But, in a recent case that went to hearing, The Iavarone Law Firm represented a three-broker team were terminated by their brokerage firm.  The firm then filed U-5s accusing the brokers of violating firm policies and industry standards.  The ...

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THE IAVARONE LAW FIRM FILES SUIT ON BEHALF OF STARTING NEW ORLEANS SAINTS DEFENSIVE END ALEX BROWN

The Iavarone Law Firm has filed two lawsuits on behalf of New Orleans Saints Starting Defense End Alex Brown to recover losses suffered from investments in various private placements. The cases were filed in the Circuit Court in Lake County, Illinois. The suits allege that Alex, like many investors, put his trust in the wrong individuals. Trusting his advisors, Alex invested in various complicated investments that he did not understand. The risks were not adequately disclosed. (Click here to read story) Alex Brown is one of several players that Nick is helping recover funds invested in private placements and ...

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THE IAVARONE LAW FIRM RECOVERS PUNITIVE DAMAGES ON CLAIM FOR SEXUAL HARASSMENT

The Iavarone Law Firm successfully prosecuted a claim on behalf of a broker who was denied compensation on her large sale of a private placement. The broker was subjected to a pervasive campaign of sexual harassment to force her to resign from the firm in order to avoid paying her the substantial back-end compensation owed for her sale of one of the firms private placements. The sexual harassment, as frequently happens, grew out of jealously at the broker's success and was countenanced by management who wanted the broker to "quit" so that she would forfeit the back-end payout that ...

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THE IAVARONE LAW FIRM PROSECUTES CASES INVOLVING MILLIONS OF DOLLARS WORTH OF LEHMAN BROTHERS STRUCTURED NOTES

The Iavarone Law Firm currently is prosecution claims on behalf of five investor who purchased millions of dollars of Lehman Brothers structured notes unaware that they were purchasing Lehman brothers debt obligations. The structured notes became virtually worthless when Lehman Brothers filed bankruptcy in September of 2008. The Lehman Brothers structured products are just one more misconceived product that has been foisted on the investment public by firms that look at their customer accounts as piggy banks that they get to raid on a reoccurring basis. Auction rate securities, private placements, hedge funds, and other such products have ...

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