After losing arbitration, brokers file bankruptcy
"Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy," said one attorney.
A month after losing a $2.6 million Financial Industry Regulator Authority arbitration claim, two of the brokers named in the matter have declared bankruptcy, meaning the client who sued them - and won - likely won’t see money any time soon, if ever.
Ron Yehuda Itin is the president and owner o
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