Notice to McDonalds Executives, Franchisees, and Employees: Did Your Brokerage Firm’s Failed Options Strategy Cause You Losses/Shares?
Summary
A firm’s misrepresentation or omission of material facts concerning investment recommendations is a sales practice violation, and is a basis for liability in a FINRA arbitration claim. McDonald’s shareholders who sustained significant losses as a result of unsuitable trading at the hands of their brokerage firm/financial advisor are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation. A former McDonald’s franchisee has been awarded $450,000 in compensatory damages along with $25,000 in costs after a Financial Industry Regulatory Authority (“FINRA”) arbitration panel found Wells Fargo and broker/investment advisor Frederick Robert Hughes jointly and severally liable for the customer’s investment losses due to a failed McDonalds (NYSE: MCD) covered call options trading strategy. Additionally, when the customer’s shares were called away, he incurred large capital gains due to the misconduct of the firm and his broker Frederick Hughes. Executives, Franchisees, and Employees of McDonalds: Recover Your Losses According to securities attorney Lawrence L. Klayman, “Current and former McDonald’s employees who were forced to sell their stock, triggering a significant tax liability from low cost basis stock and/or paying a substantial amount of money to buy back their MCD stock from an unsuitable covered call options strategy, may be entitled to a financial recovery.” McDonald’s shareholders who sustained significant losses as a result of unsuitable trading at the hands of their brokerage firm/financial advisor are encouraged to contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation.