Our firm is pleased to announce the settlement of a claim on behalf of our client whose broker placed her in an unsuitable portfolio of securities featuring overconcentration in preferred stocks in the financial and mortgage markets. Based on allegations made in our firm's Statement of Claim to the Financial Industry Regulatory Authority (FINRA), the brokerage firm settled the case for without answering for 50% of our client's losses (the norm is 25-30%).
The Green Firm, in a case spearheaded by Mr. Daniel Lipson, successfully negotiated settlement against a national brokerage firm after being retained by our client only one week prior to the scheduled date of FINRA arbitration. Our client had been previously represented by a non-attorney recovery service. Hoping to increase the settlement offer before his final arbitration hearing, our client engaged The Green Firm. After only 4 days on the case, Mr. Lipson persuaded the defendant brokerage firm to increase its offer by more than 8 times the original amount. Settlement was concluded directly.