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FINRA Arbitration Panel Awards $150,000 in Punitive Damages and $75,000 in Compensatory Damages Against Next Financial Group and Two Employees

Posted byDavid Weintraub

In an arbitration that lasted 12 hearing sessions, a Richmond, Virginia panel awarded damages to former clients who suffered losses in variable annuities issued by John Hancock, Pacific Life, Jackson National Life, Travelers and Allianz.  DAW did not represent the Claimants.  FINRA Arbitration No. 10-04782.