|
|
Solomon Smith Barney Broker Wins CAP and Bonus Suit
The firm was ordered to pay the branch manager $730,000, reinstating his Capital Appreciation Plan (CAP) assets. He also received $115,000 for a longevity bonus that he forfeited.
The broker had contributed to the plan since its inception in 1993 until he was asked to resign, and locked out of his office, before reaching the CAP's two year vesting period.
The firm maintains its innocence, but will pay the award.
Source: Registered Representative, August, 2000
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Contact
|
Search
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
