The Miles Law Firm’s Larry Miles won a significant arbitration award of $118,347 in a case decided in August against a major securities firm on behalf of our client, securing a judgment before a three arbitrator panel.
“I’m pleased we were able to assist our client in vindicating his case and obtaining reasonable compensation for his loss,” Miles said.
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The two day arbitration was before the Financial Industry Regulatory Authority (FINRA). Miles argued that the securities firm failed to properly place a significant options order and then failed to use reasonable care to discover and correct the mistake. The order was placed on one of the most volatile days in market history.