Firm Wins Wrongful Liquidation Claim

November 2021 – KSR secured a complete defense victory for its client, a registered securities broker-dealer. The claimant brought a FINRA arbitration against the broker-dealer, alleging that it unlawfully and without notice liquidated the claimant’s short position. The claimant asserted claims for fraud, breach of contract, and breach of fiduciary duty, and sought approximately two million dollars in damages. The FINRA arbitration panel ruled in favor of KSR’s client and awarded nothing to the claimant. Jim Kopecky and Ashley Fawver handled the case for the firm.