FINRA ARBITRATORS HOLD INTERACTIVE BROKERS, LLC
LIABLE TO CUSTOMER 

The Law Offices of David Harrison, P.C. are pleased to announce a FINRA Arbitration Award against Interactive Brokers LLC. The Award granted the return of the customer’s investment, attorney’s fees, interest, FINRA filing fee, and assessed forum costs to Interactive Brokers.

“The Award is a major win for investment protection,” said David Harrison, Esq., the attorney representing the customer. The issue in the case was whether a brokerage firm had a duty to warn a customer about a security in a self-directed account prior to purchase.

The customer purchased long-term options (“LEAPS”) in an ETF when the brokerage firm knew the ETF would be closed out soon, and the option accelerated.  In essence, the customer purchased securities that were worthless from the inception.

“In holding the firm liable, the panel made clear that discount brokerage firms have the same duties and responsibilities as full-service firms,” stated David Harrison.

The Law Offices of David Harrison, P.C. is located in Beverly Hills, California, and represents customers nationwide in FINRA securities arbitration.

If you believe you are a victim of stockbroker fraud, contact us at:

David Harrison, Esq.
9454 Wilshire Blvd., Suite 820
Beverly Hills, CA 90212
(310) 499-4732
www.finra-arb.com