Marie and Pat Atake v. Legend Merchant Group (FINRA Arbitration No. 08-00049)
Following a hearing before a FINRA arbitration Panel in Los Angeles that addressed a variety of securities industry investment violations, including constructing unsuitable portfolios and failing to diversify, Pat and Marie Atake were awarded $107,895, plus $5,000 for “discovery delay sanctions” (quoting the Award). The Award also set forth two additional settlements in favor of the Law Offices of Montgomery G. Griffin’s clients, one of which was set forth in the Award as $135,000.