First Allied Securities, Inc.
First Allied Securities Ordered to Pay Customers $120,000
A FINRA arbitration panel ordered First Allied Securities to pay two investors $120,000 to compensate them for damages that they suffered as a result of First Allied’s and its broker’s improper conduct. The investors accused First Allied and its broker of negligence, failure to execute transfers, and violations of NASD rules. Claimants’ claims involved common stock, corporate bonds, mutual funds, and government securities.
First Allied Securities Ordered to Pay Former Employee $75,000
A FINRA arbitration panel ordered Capital Financial to pay an investor $75,000 to compensate him for damages that he suffered as a result of First Allied’s improper conduct. The claimant accused First Allied of breach of employment contract, unjust enrichment, tortuous interference, civil conspiracy, intentional interference with contractual relations, promissory estoppel and misrepresentations related to the former employee’s termination.