Wedbush Morgan Securities Customer Awarded $106,800 In Securities Arbitration Over Option Trading In Apple, Jetblue Airways, Boeing, Intel, Amazon Com, and PHLX Gold & Silver.
A FINRA securities arbitration panel issued an award in a securities arbitration brought against Wedbush Morgan Securities, Inc. in Baltimore, Maryland (styled Nakano v. Wedbush Morgan Securities, Inc., Case No. 09-03657) alleging that Wedbush Morgan Securities engaged in misrepresentation, breach of fiduciary duty, unauthorized trading, churning, manipulation, gross negligence and failure to supervise in connection with option trading in the customer’s account in Apple, Jetblue Airways, Boeing, Intel, Amazon Com, and PHLX Gold & Silver.
The Wedbush Morgan securities arbitration award reportedly provides, among other things, that Wedbush Morgan Securities pay the investor claimant $106,800 in compensatory damages.
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