Thursday, November 2, 2017

$2.3 million Auguillard IRA et al v IMS Securities et al non-traded REIT Award

In November 2017, a FINRA arbitration panel in Houston, TX ordered IMS Securities and two individual Respondents to pay at least $2,304,000 in compensatory damages. You can read the award here. Dr. McCann testified on liability and damages over IMS's sale of a non-traded REITs and private placements to the Claimants.