TRADER LOSES $120,000 but TD Ameritrade refuses to honor their policy of making customers whole ….

TD Ameritrade Loses $228,000.00 Arbitration – In Christopher and Angela Allen Vs Think or Swim/TD Ameritrade


See Actual Finra Award Document here http://finraawardsonline.finra.org/viewdocument.aspx?DocNB=51092

In the Statement of Claim, Claimants requested: (1) compensatory damages in the 
amount of $576,000.00; (2) accrued interest; (3) costs; (4) such other further relief as 
deemed appropriate by the Panel; and, (5) a finding in their favor on their Chapter 517 
claims so as to allow them to seek an award of attorneys' fees from a court of 
competent jurisdiction
AWARD 
After considering the pleadings, the testimony and evidence presented at the hearing, 
and the post-hearing submissions (if any), the Panel has decided in full and final 
resolution of the issues submitted for determination as follows; 
Respondent is liable for negligence and shall pay to Claimants Christopher M. Allen and 
Angela Allen compensatory damages in the amount of $228,000.00 plus interest 
accruing at the rate of 6.0% per annum from April 26, 2010 until paid in full. 
Any and all requests for relief not specifically addressed herein, including Claimants' 
request for a finding in their favor on their Chapter 517 claims so as to allow them to 
seek an award of attorneys' fees from a court of competent jurisdiction, is denied. 
--------------------------------------------------------------------------------------------------
Claimants Christopher M. Allen, Angela Allen, Angela Allen IFIA, and Christopher M. 
Allen IRA, hereinafter collectively referred to as "Claimants": Bruce W. Barnes, Esq., 
Bruce W. Barnes, P.A., Safety Harbor, Florida. 
Respondent thinkorswim by TD Ameritrade Inc., hereinafter referred to as 
"Respondent": Howard  J . Kaplan, Esq. and Brent Starks, Esq., Arkin Kaplan Rice, LLP, 
New York, New York.

 

 

 

 

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