Attorneys at Methvin Terrell represented six family members who lost almost all of their retirement savings at the hands of their financial advisor. The majority of these individuals had little to no investment experience and thus, were paying their financial advisor to manage and invest their savings in a manner suitable for their retirement goals. Unfortunately, their investment advisor chose to employ his own high-risk options trading strategy. He assured his clients that his investment strategy could not lose and that only a small percentage of their savings was actually at risk. It was not until their accounts were almost completely depleted that they learned that their investment advisor had mismanaged their retirement funds.
Jimbo Terrell, Michael Yancey, Rodney Miller, and Courtney Gipson represented the Claimants before a panel of three FINRA arbitrators. Following a two-day hearing, the arbitrators awarded over $670,000, which included compensatory damages, interest, attorney fees, and costs.