CLAIMANTS ALLEGES BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT, FRAUD, VIOLATION OF NASD, NYSE AND FINRA RULES, MISREPRESENTATION, UNSUITABILITY AND VIOLATION OF FL SECURITIES ACT REGARDING ASTA FIVE, ASTA 2, ASTA FINANCE.

$7,000,000.00

$2,085,613.75

CLIENT COMPLAINS ABOUT THE PERFORMANCE OF A PROPRIETARY ALTERNATIVE INVESTMENT PRODUCT THAT SUSTAINED SIGNIFICANT DECLINE DURING RECENT VOLATILE MARKETS FROM 2007 THROUGH DATE OF CLAIM. THE FIRM DENIES THE ALLEGATIONS AS THE RISKS WERE DISCLOSED BOTH VERBALLY AND IN WRITING AND THE LOSSES WERE THE RESULT OF HISTORIC MARKET EVENTS. THIS CASE WAS SETTLED TO AVOID THE COST AND UNCERTAINTY OF ARBITRATION