FINRA Wrongly Cut Claims Against Merrill Lynch, Heiress Says

Law360, New York (November 30, 2012, 6:08 PM EST) -- Brazilian banking heiress Camelia Nasser de Kassin asked a New York federal judge on Tuesday to overturn a ruling from the Financial Industry Regulatory Authority dismissing some of her damages claims against Merrill Lynch Capital Services Inc. over her brother’s allegedly unauthorized trades, which totaled $389 million, from her Merrill Lynch account. 

De Kassin’s now-dissolved foundation, Sophin Investments SA, claimed the FINRA panel made a manifest error of law by not finding Merrill Lynch liable for allowing her brother, Ezequiel Nasser, to make more than $389...
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