Goodman & Nekvasil P.A., May Recover Investor Losses on NQ Mobile and/or Other Investments | Wendy Feldman, Financial Advisor Involved in Arbitration Claim
From 2008 until Wendy Feldman’s firing in 2016, Wendy Feldman was licensed with Morgan Stanley in Washington, DC. Wendy Feldman is now licensed with H. Beck, Inc. According to FINRA’s records, Wendy Feldman was discharged from Morgan Stanley Smith Barney on June 24, 2016. Morgan Stanley Smith Barney reported to FINRA that Wendy Feldman’s firing related to allegations involving adherence to industry rules and/or firm policy including with regard to use of trading discretion.
FINRA reports that an arbitration claim involving Wendy Feldman’s conduct with Morgan Stanley Smith Barney, LLC was filed, alleging unauthorized trading; unsuitable investments; breach of fiduciary duty; fraud; negligent misrepresentation; conversion; financial elder abuse; negligence; and unfair competition relating to Claimants’ investment in various securities including but not limited to NQ Mobile. This arbitration claim did not settle and proceeded to final hearing. The arbitration panel found Wendy Feldman jointly and severally liable and awarded the Claimants $6,114,857 in compensatory damages, $2,000,000 in punitive damages, $400,000 in attorneys’ fees, $41,742 in costs and $50,000 in expert witness fees.
FINRA also reports that a complaint involving Wendy Feldman’s conduct with Morgan Stanley Smith Barney, LLC was filed, alleging unsuitability, inter alia, with respect to investments – July 2008 to June 2016. This complaint settled for $85,000.
If you lost any money on NQ Mobile and/or other investments with Wendy Feldman, you may be able to recover your losses from Morgan Stanley and/or H. Beck, Inc. This is because Morgan Stanley and H. Beck, Inc. had a duty to supervise Wendy Feldman.
If you lost money on NQ Mobile and/or other investments with Wendy Feldman and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Morgan Stanley and/or H. Beck, Inc. concerning Wendy Feldman’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on NQ Mobile and/or other investments with Wendy Feldman, and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.