The claimants had requested $15 million in damages in the proceeding, in which one of the three arbitrators partially dissented to the damages awarded.
Jake Martin has covered Wall Street and the wealth management industry since 2018 and has worked as a reporter since 2014. He was previously with Citywire USA, where he focused on the registered investment advisory space. He got his start covering government, education and the occasional “Florida man” story for The St. Augustine Record. Follow him on Twitter @donthateitsjake to keep up on the latest industry news.