Over $200 Million Returned to Individual Investors
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The allegations were based upon unsuitable stockbroker recommendations to invest in this extremely high-risk REIT. The arbitration settled for substantially more than the investor losses.
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades. The settlement is notable for its size and the fact that these investors recovered more than their losses.
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade. These cases collectively settled for $7,132,153, which was well in excess of the clients’ losses. You can read the awards here and here.
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.
Jonathan Kurta represented an investor who had suffered losses following allegations that the stockbroker sold unapproved securities and participated in unauthorized business activities. The stockbroker recommended investments in Future Income Payments and guaranteed monthly payments. The case settled for $1.425 million.
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.