CLAIMANT ALLEGES FAILURE TO FOLLOW INSTRUCTIONS ON CONVERTING ACCOUNT OVER TO CD'S. (12/2007)

$90,000.00

$92,391.06

ON APRIL 13, 2009, RECEIVED THE PANEL'S DECISION DATED APRIL 13, 2009, WHICH AWARDED COMPENSATORY DAMAGES PLUS INTEREST IN THE AMOUNT OF $80,538.06, ATTORNEYS' FEES IN THE AMOUNT OF $9,920.00, AND COSTS IN THE AMOUNT OF $1,933.00. EXPUNGEMENT HAS BEEN DENIED.

CALIFORNIA RESIDENT STATES IN WRITING THAT HIS FINANCIAL ADVISOR, ANDY FAKHOURY, PLACED AN UNAUTHORIZED SALE FOR 5,000 SHARES OF ARGN STOCK AT $6.40 ON 8/14/2006. CLIENT ALSO STATES THAT HIS INSTRUCTIONS TO ENTER A STOP ORDER AT $6.25 WERE NOT EXECUTED CORRECTLY, ALTHOUGH AN ADDITIONAL 5,000 SHARES OF ARGN WERE SOLD AT $6.25. CLIENT FINALLY STATES THAT HE WAS TOLD THE COMMISSION FOR HIS TRADE WOULD BE $50 AND THAT HE WAS INSTEAD CHARGED $931. CLIENT DEMANDS BOTH REIMBURSEMENT FOR HIS COMMISSIONS PAID AND REPLACEMENT OF 5000 ARGN SHARES. TOTAL DAMAGES ASSOCIATED WITH THESE TWO DEMANDS ARE ESTIMATED AT $17,631.

$17,631.00

CLAIM DENIED BY FIRM IN WRITING ON JANUARY 9, 2007. ON REVIEW, CLIENT'S COMPLAINT THAT HIS ADVISOR MADE AN UNAUTHORIZED TRADE FOR ARGN ON 8/14/2006 IS CONTRADICTED BY CLIENT'S SIMULTANEOUS ASSERTION THAT HE ENTERED A STOP ORDER TO SELL ARGN ON 8/14/2006. SIMILARLY, HAD A STOP ORDER BEEN PLACED ALL SHARES OF ARGN WOULD HAVE BEEN SOLD AT THE MARKET, COSTING THE CLIENT OVER $16,000 IN LOST GAINS CURRENTLY IN HIS ACCOUNT.

CLIENT ALLEGED THAT SEVERAL TRANSACTIONS WERE MADE IN HER ACCOUNT WITHOUT HER AUTHORIZATION.

$28,500.00