The Law Office of Donald Potter obtained a $1.12 million Financial Authority Regulatory Authority (“FINRA”) arbitration award against Wedbush Securities on December 27, 2016. The case (Murphy v. Wedbush Securities, FINRA Case Number 15-02449) was filed on behalf of a Los Angeles-based Wedbush manager and included claims for unpaid wages, breach of contract, and conversion. The arbitration occurred in November and December 2016 and it lasted 6 days. The award issued by the 3 arbitrator panel includes $741,998 in unpaid wages (i.e., wages, “incentive pay”, etc.) plus statutory interest, $300,000.00 in punitive damages against Wedbush and attorney’s fees and costs.
