Shannon Polk, Andrew Kabat, and Daniel Connell recently prevailed at a FINRA arbitration on behalf of their client, Jeffrey Concepcion, a prominent Cleveland financial advisor, against his former employer, Lincoln Financial Advisors, in the matter of Jeffrey Concepcion v. Lincoln Financial Advisors, et al., FINRA Case No. 08-04833. Mr. Concepcion was terminated from his employment by Lincoln Financial Advisors. Thereafter, Mr. Concepcion asserted claims against Lincoln Financial Advisors for unfair competition, tortious interference with business relationships and prospective business relationships, defamation, and breach of contract. Following a lengthy arbitration, on April 10, 2012, FINRA rendered a decision and awarded Mr. Concepcion the sum of $2,037,232.00 in compensatory damages against Lincoln Financial Advisors.
To view the FINRA decision online, go to http://finraawardsonline.finra.org/.
To view online articles about this decision, click the following links:
CNBC. com – http://www.cnbc.com/id/47022037/
Financial Advisor – http://financialadvisormagazine.com/fa-news/10601-lincoln-financial-ordered-to-pay-dismissed-broker-2-million.html
MSNBC.com – http://www.msnbc.msn.com/id/47022036/ns/health/
Cleveland.com –http://www.cleveland.com/business/index.ssf/2012/04/broker_to_get_2_million_in_def.html