KSR Forces Withdrawal of Securities Arbitration Claims

August 2020 – KSR successfully defended a securities broker-dealer / investment adviser, and its associated financial adviser, against a former account holder whose accounts lost value in the wake of the market volatility surrounding the COVID-19 pandemic. The account holder claimed the respondents invested her funds in a manner that improperly exposed her to excessive risk. She asserted claims for violations of FINRA rules, failure to supervise, and breach of fiduciary duty. KSR hit back hard, arguing that there was no factual or legal basis to the claims. Shortly after KSR filed its response, the claimant’s attorney withdrew the claims. Jim Kopecky and Howard Rosenburg handled the matter on behalf of the firm.