Anthony Ostlund successfully defended an independent broker/dealer against claims made by an individual investor before a Financial Industry Regulatory Authority (FINRA) arbitration panel.
The investor purchased an interest in a tenant-in-common private placement. The investor alleged damages exceeding $1 million for claims of unsuitability, breach of fiduciary duty, common law fraud, breach of contract, and negligent supervision. After a three day hearing led by Anthony Ostlund attorney Vincent D. Louwagie, the FINRA Panel unanimously denied all of the investor’s claims and did not award any damages. Attorneys Cory D. Olson and Peter J. McElligott assisted in obtaining this victory for Anthony Ostlund’s client.
