It has been reported that Securian Financial Services had a FINRA arbitration panel rule that it must pay a $2.4 million award to an investor related to the sale of failed private placements. The investor alleges that the private placement deals were misrepresented. Securian has stated that they disagree with the allegations and with the panel's decision.
For more information on this FINRA arbitration ruling you can visit our securities fraud blog: http://www.whitesecuritieslaw.com/2011/11/28/securian-financial-services-responsible-for-2-4-million-award-for-misrepresentation/
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
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