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KlaymanToskes Secures a Full Recovery in FINRA Arbitration Award

May 20, 2022

Florida Securities Broker Awarded Compensatory Damages and Attorney’s Fees in Employment Dispute

National investment fraud lawyers KlaymanToskes is pleased to announce a full recovery on behalf of their client against Cronus Equity, LLC for FINRA securities arbitration Case 21-02209.

In the FINRA case, the Claimant contended that, after striking a deal to sell his brokerage firm to financial services firm Cronus Equity, the Respondent breached its employment agreement by refusing to make salary payments to the broker for his role as the firm’s Chief Compliance Officer. After submitting evidence showing The FINRA arbitrator agreed with the Claimant, and the Florida-based broker was awarded all of his compensatory damages and attorney’s fees.

According to securities attorney Steven D. Toskes, Esq., “We are proud to have represented our client who is a hard-working securities professional who spent over 27 years building, growing and operating a successful brokerage firm. This award shows that the FINRA arbitration forum works. Our client’s compensation was wrongfully withheld by Cronus Equity, and he is pleased to have received a full recovery.”

About Us

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered more than $230 million for investors in FINRA arbitrations. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.