Stock Market Recovery Consultants (S.M.R.C. Inc.) Obtains $388,560 FINRA Arbitration Award...

Publication: Business Wire
Date: Friday, March 26 2010

NEW YORK -- Benjamin Lapin and Mitchell Markowitz of Stock Market Recovery Consultants (S.M.R.C. Inc.) have obtained, on behalf of Nagai Rajendran against his stockbroker/manager, Emmet A. Larkin Company, Inc., an arbitration award from the Financial Industry Regulatory Authority (FINRA) for damages in the amount of $388,560, plus pre-judgment interest at 5% per annum accruing

from August 1, 2006 through March 9, 2010.
Claimant alleged (1) that Respondents failed to supervise Claimant's account or to recommend appropriate measures that would have protected Claimant's investments; and (2) that Respondents' investment strategy for Claimant was wholly unsuitable and inappropriately risky and resulted in devastating losses to Claimant.

The public arbitrators on the arbitration panel found Respondents liable on the claims of breach of contract; failure to supervise; breach of fiduciary duty; negligence; unauthorized trading and manipulations. The industry arbitrator on the panel dissented without explanation.

Read the FINRA award Nagai Rajendran v. Emmett A. Larkin Company, Inc.
S.M.R.C., Inc., with a strong conviction that the securities laws were enacted to protect investors, represents investors nationwide in FINRA arbitrations related to claims of securities industry misconduct. If you have questions about a potential claim, contact us at 800-STOCK-LOSS.

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