There have been three judgements that have been settled by way of payment(one company was ousted by Finra).But hey,i guess one should not believe in the courts decisions right?
CLAIMANT ALLEGED THAT HIS INVESTMENT OBJECTIVE WAS MARKED GROWTH AND CERTAIN I NVESTMENTS WERE UNSUITABLE. ALSO, CLIAMED THAT RR FAILED TO DISCLOSE MATERIAL FACTS WITH RESPECT TO CERTAIN INVESTMENTS. FURTHER CLAIMS INCLUDE EXCESSIVE TRADING,SALES BY UNLICENSED REPRESENTATIVE,SELLING AT A PRICE LOWER THATN THE REPORTED LOW PRICE FOR DAY AND UNAUTHORIZED TRADING. Damage Amount Requested $22,653.00 Damages Granted $10,462.10 Broker Comment RESPONDENTS LOWMAN & COHIG & ASSOC. JOINTLY AND SEVERALLY LIABLE FOR THE SUM O F $10,462.10 Not Provided
Arbitration Details 94-04483 N.A.S.D. AWARD NATIONAL ASSOCIATION OF SECURITIES DEALERS In the Matter of the Arbitrat:ion Between Name n^ Claimant: Francis Crotty 94-04483 Cohig & Associates Inc. Joseph M. Wolonowski Troy Lowman Claimant Francis Crotty represented himself. For Respondents Cohig & Associates, Inc. (... Award NASD 12/12/1995
3/24/1993 Customer Dispute Award / Judgment Allegations MR. LIFKA CHARGED THAT HE WAS NOT SERVICED PROPERLY BY J.W. GANT & BROKER. UNAUTHORIZED TRADING. ALLEGED DAMAGES OF $3,700. Damage Amount Requested $3,700.00 Damages Granted $3,275.00 Broker Comment CLAIMANT WAS AWARDED $3,275.00 Not Provided
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