Lincoln Financial hit with hefty arbitration award over selling away
Finra panel ruled that the B-D was 'negligent in not preventing' the outside business activities of a former broker
Lincoln Financial Advisors Corp. has been ordered by a Finra arbitration panel to pay $4.43 million in damages and interest to roughly two dozen former clients who alleged that an ex-managing director at the firm was involved in a “selling away” scheme.
A three-person Financial Industr
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