In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in March 2012, Claimant Gillman Family Trust alleged negligence; breach of fiduciary duty; negligent supervision; breach of contract; and, fraud in connection with the trust’s investment in Fannie Mae preferred stock: FNMA PFD PERP SER S 8.25%. Claimant sought about $50,000 in compensatory damages, punitive damages, interest, costs, and rescission. In the Matter of the FINRA Arbitration Between Gillman Family Trust, Claimant vs. Wachovia Securities. LLC d/b/a Wells Fargo Advisors, LLC and Shirley Polidori, Respondents (FINRA Arbitration 12-00996, February 6, 2013).
In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in March 2012, Claimant Gillman Family Trust alleged negligence; breach of fiduciary duty; negligent supervision; breach of contract; and, fraud in connection with the trust’s investment in Fannie Mae preferred stock: FNMA PFD PERP SER S 8.25%. Claimant sought about $50,000 in compensatory damages, punitive damages, interest, costs, and rescission. In the Matter of the FINRA Arbitration Between Gillman Family Trust, Claimant vs. Wachovia Securities. LLC d/b/a Wells Fargo Advisors, LLC and Shirley Polidori, Respondents (FINRA Arbitration 12-00996, February 6, 2013).