On July 24,2017 a FINRA arbitration panel in Wyoming awarded John and Kathleen Keck $559,612 based on their claim of negligence against RBC Capital Markets LLC and three RBC brokers, Jacqueline Sarette Georgio, Paul Samuel Howard and Brian Kristian Pedersen. The award was joint and several against the four respondents. They worked out of an RBC office in Cheyenne, WY. Keck v. RBC Capital Markets, et al., FINRA Arbitratoin No. 16-00512.
The claim alleged that RBC and its employees acted negligently in transferring funds from Mr. Keck’s Wyoming Retirement System’s defined benefit plan. As a result of such negligence, the Keck’s forfeited the right to receive monthly benefits from the plan. The claim alleged that they lost the right to receive $3,200 per month for the rest of their lives.
At the conclusion of the case, the clients’ lawyers asked the FINRA panel for an award of $662,625.
The panel also denied the requests of the three individual respondents for expungement of the disclosure of the arbitration claim from their CRD customer dispute histories.
Guiliano Law Group
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