Securities Fraud Lawyers
Decades of Experience Fighting for Investors
AAA Arbitration Award against Virginia Registered Investment Advisor
In March of 2024 a AAA arbitration panel awarded Greco & Greco’s elderly retiree client an award of $118,036.09 against a Virginia-based Registered Investment Advisor (RIA). The award included damages, a return of advisory fees, attorneys fees, and expert witness fees. The panel found that the RIA breached its duty of care and loyalty, and thus breached its fiduciary duty, to the customer by failing to disclose material facts, failing to rebalance the accounts on a timely basis, and failing to timely meet with the customer. The claim also involved a request for rescission of a high risk illiquid alternative investment fund sold to the customer, but this issue was resolved prior to the final hearing.