We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Merrill Lynch To Pay $1.9M to Fired Hawaii Advisers

Law360 (April 19, 2011, 8:54 PM EDT) -- A Financial Industry Regulatory Authority arbitration panel on Friday ordered Merrill Lynch to pay $1.9 million to Hawaii financial advisers who made breach-of-contract and other claims over being fired, but the decision was a victory for the firm, too.

The fight before the FINRA panel centered on the financial adviser team of Carl E. Choy, Lynne R. Kinney and Ronald C. Wo, who had been hired together from Morgan Stanley & Co. with approximately $900 million under management in October 2008, but were terminated by Merrill...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.