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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Sale Of Tenant In Common Investments (TICs) Results In FINRA Award Vs. ProEquities, Inc. 0 comments
    May 30, 2013 3:07 PM

    May 2013--In FINRA Case # 12-1167, Suzy Asad and Suzy Asad Trust v Mamdoh Abas and ProEquities, Inc., a Los Angeles panel awarded compensatory damages of $379,424, plus accrued interest, costs of $68,838 and session fees of $25,875, jointly and severally against ProEquities, Inc. and broker Mamdoh Aziz Abas. The Claimant alleged elder abuse, securities fraud , negligence and misrepresentation in connection with the sale of tenant in common investments (TICs).

    If you have losses in your brokerage account due to the negligence, misrepresentation or fraud of your broker, you may be able to recover all or a part of those losses through FINRA arbitration. Call us for a no charge consultation to discuss your legal rights.

    Nationwide representation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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