Newsroom - April 2010
Following a three day evidentiary hearing in Oklahoma City, Oklahoma, Nancy Baughan and Bob Brennan prevailed upon a FINRA Arbitration panel to dismiss, with prejudice, all claims against their broker-dealer client. The arbitrators rejected claims that Nancy and Bob's client committed securities fraud in underwriting and marketing four closed-end mutual funds that suffered losses in the 2007 credit crisis. In addition, the arbitrators assessed 80% of the arbitration forum fees against the individual who brought the claims.
