March 31, 2018

Recent result: Keesal, Young & Logan Obtains Another “Zero” Award on Behalf of a Broker-Dealer Client

KYL recently “zeroed” a former financial consultant’s claim for constructive wrongful termination and retaliation in a FINRA arbitration, and delivered a win for Edward Jones & Co., LLC.   The former employee, a financial consultant, claimed that Edward Jones & Co. had retaliated against him because he had accused a supervisor of wrongdoing.  The former employee sought $1.7 million in compensatory damages and $4.8 million in punitive damages.  Edward Jones & Co. claimed that the financial advisor was an at-will employee who resigned after finding other employment, and that its review of his trading practices was based on its legitimate concerns for the best interests of the clients.  After a five-day hearing, the arbitrators unanimously dismissed all of the former employee’s claims.

Keesal, Young & Logan attorneys Julie L. Taylor and Simon M. Levy represented the broker-dealer, and Litigation Support Specialist Aris Garcia provided additional support.