A Financial Industry Regulatory Authority arbitration panel has ruled in favor of James Zeigon, a former executive for Deutsche Bank AG, in an investment loss case. First Republic Securities Company, LLC (“First Republic”) was ordered to pay Zeigon $870,000 for losses in collateralized bond obligations and the TW Tax Advantaged Fund LP.
The arbitration claim requested damages of $2.1 million but the arbitration panel dismissed the claims concerning two other investments because of FINRA’s six-year eligibility rule. The claim alleged that First Republic failed to perform an adequate suitability analysis before recommending the complicated investments to Zeigon.
The Florida securities lawyers at McCabe Rabin, P.A. represent investors nationwide in FINRA arbitration matters. Investors nationwide who have incurred recoverable investment losses due to specific failures by stockbrokers and brokerage firms, and who may have a FINRA arbitration claim, may contact the Florida securities lawyers at McCabe Rabin, P.A. for a free and confidential consultation by calling toll free at 877.915.4040 or by e-mail to email@example.com