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E*Trade Securities Ordered to Compensate Investors for Losses

A National Association of Securities Dealers (NASD) arbitration panel awarded $38,000 to a customer of E*Trade Securities. The customer suffered losses after he relied upon E*Trade's issuance of an erroneous price for options on America Online. The customer claimed negligence and breach of fiduciary duty against E*Trade.

Source: CNET NEWS.COM, October 30, 2000


   
 
 
 
 



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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.

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