The document describes several legal judgments and settlements involving investment fraud at various financial firms. They include a $5 million award against Lehman Brothers for principal protected note fraud, a $1.15 million settlement for an adviser who misappropriated an elderly client's funds, and a $700,000 settlement for an adviser who engaged in a pattern of selling unsuitable investments.

1. Judgments and Settlements
$5,052,500 – Lehmam Principal Protected Notes Fraud.
FINRA arbitration award on behalf of investors who alleged investment fraud targeting
investors to raise funds for Lehman Brothers under the guise of principal protected
notes. Block & Landsman investment fraud lawyers won an award including
compensatory damages and attorneys' fees. [VIEW AWARD – No. 1]
$1,150,000 – Financial Adviser Misappropriate Elderly Client’s Account Funds.
Settlement on behalf of elderly investor who’s financial adviser misappropriate his
account funds over a period of several months while the customer was caring for his
impaired wife. Settlement amount included lost profits and attorneys’ fees.
$700,000 – Pattern of Unsuitable Investments.
Settlement on behalf of three clients of a rogue financial adviser who engaged in
investment fraud consisting of a pattern of selling unsuitable investments in mutual
funds.
$650,000 – Unsuitable High Risk Stock Strategy.
Settlement on behalf of a married couple who alleged investment fraud against their
financial adviser who implemented an unsuitable investment strategy involving high risk
stocks.
$600,000 – Form U-5 Defamation.
Settlement on behalf of a registered representative for defamation on his Form U-5.
$590,000 – Forged Wire Transfers by Financial Adviser
Settlement on behalf of corporate profit sharing plan against financial adviser who
engaged in a widespread scheme to defraud customers by forging letters of authorization
to wire transfer funds out of investment accounts to the benefit of his own businesses.
$550,000 – Failure to Execute Option Strategy.
Settlement on behalf of investor who alleged investment fraud against brokerage firm that
failed to execute the client’s option strategy.
$540,328 – Failure to Pay Commissions.
FINRA arbitration award on behalf of registered representative against former employer
for failure to pay commissions per their agreement, and for sexual harassment and
discrimination. Award included punitive damages and attorneys’ fees. [VIEW AWARD
– NO. 2]
$342,076 – Improper Recommendation To Use Margin To Fund Unsuitable
Investment Strategy.

2. FINRA arbitration award on behalf of clients who alleged investment fraud against
broker who recommended they use margin to purchase securities, resulting in the loss of
their entire account. Award included punitive damages and attorneys’ fees. [VIEW
AWARD – NO. 3]
310,000 – Selling Away Claim.
FINRA arbitration award on behalf of investor who alleged investment fraud against
financial adviser who used the client’s money to fund his own private companies.
[VIEW AWARD – NO. 4]
$285,000 – Unsuitable Investments and Churning.
Settlement on behalf of three families who alleged investment fraud by their financial
adviser who recommended unsuitable investments and churned their accounts.
$277,000 – Unsuitable Investment in Variable Universal Life Insurance Policy
Settlement on behalf of investor who purchased Variable Universal Life Insurance Policy
using a home equity loan to pay the premiums and invested the entire subaccount in an
illiquid private placement investment that ceased redemptions because of exposure to the
Bernard Madoff ponzi scheme.
$231,000 – Failure to Execute Trades.
FINRA arbitration award on behalf of client who alleged investment fraud against
brokerage firm that failed to execute his trades. [VIEW AWARD – NO. 5]
$177,000 – Unsuitable Investments Recommended to Disabled Investor.
Settlement on behalf of married couple, one of whom was a former stockbroker who had
become disabled as a result of an automobile accident, for investment fraud against
financial adviser who recommended unsuitable investments.
$174,766 – Initial Public Offering Fraud.
FINRA arbitration award on behalf of several investors in an initial public offering who
did not receive their shares of the company on a timely basis. [VIEW AWARD – NO.
6]
171,000 – Selling Away Fraud Toward Elderly Investor.
Settlement on behalf of elderly investor who alleged brokerage firm improperly
convinced her to transfer investment funds to financial adviser’s bogus investment
advisory firm.
$150,000 – Unsuitable Investment Recommendations in Retired Investor’s
Retirement Account.
Settlement on behalf of retired customer who was a conservative investor but whose
financial adviser pursuant an aggressive investment strategy rather than one that would
protect the customer’s principal.
$150,000 – Unsuitable Recommendations of Risky Technology Stocks.

3. FINRA arbitration award on behalf of investor who alleged investment fraud based on
unsuitable investments against broker who recommended risk technology stocks.
[VIEW AWARD – NO. 7]
$150,000 – Data-Entry Error Results in Losses.
Settlement on behalf of investor who alleged investment fraud against IRA trust company
for losses due to a data-entry error in connection with the purchase of a single security.
$100,000 – Unsuitable Concentration in Single Security.
FINRA arbitration award on behalf of widow who claimed investment fraud based on the
unsuitable recommendation by her financial adviser that she concentrate her account in a
single security. [VIEW AWARD – NO. 8]