Punitive Damage Awards are Increasing in FINRA Arbitrations

Posted on March 14th, 2014 at 10:00 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

FINRA arbitration panel awards for punitive damages against broker-dealers and reps have been increasing steadily since the credit crisis, Punitive damages awarded in customer claimant cases increased from $10 million in 2009, to $28 million in 2013.

Although compensatory damages are common, punitive damages are awarded in extraordinary cases, and only when the respondent’s conduct is deemed egregious by FINRA arbitrators.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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