The overused phrase that a picture is worth a thousand words is very accurate in arbitration, mediation and court. Many securities litigation cases contain concepts that are challenging to explain verbally. Often these concepts are most easily understood with visual exhibits. Let us help you develop high impact demonstrative exhibits.
The examples that follow are derived from actual cases where SLS worked for either the Plaintiff Counsel or Defense Counsel. Our visuals helped the trier of fact better understand complex case issues.
Unauthorized Trading (Exhibit 1)
Matching the trade dates to the telephone records and other recorded information can revealed a telling activity pattern.
Click here for Exhibit 1 (61kb PDF)
Missing Exception Reports (Exhibit 2)
A customer filed a claim against a brokerage firm. One of the issues was failure to supervise. In their defense, the brokerage firm produced three properly documented account exception reports. Using the brokerage firm’s stated exception report criteria, our account evaluation showed that there were six additional reports along with follow-up documentation that that were not produced or documented.
Click here for Exhibit 2 (16kb PDF)
The Other Account (Exhibit 3)
The Claimant took early retirement from a corporation and rolled-over her 401k into an IRA account. As the stock market declined, her IRA account lost value. She later filed an arbitration claiming that the IRA investments were unsuitable because she was an inexperienced, unsophisticated investor who did not understand investing or the transactions in her account.
A trade-by-trade trade-confirmation analysis of another Claimant’s account at a different brokerage firm, during the complaint time, showed that she was an active speculator. Her transactions included buying and selling high-risk technology stocks, puts and calls. Further, she was trading on margin and using limit orders. Many of the transactions were marked unsolicited.
Click here for Exhibit 3 (23kb PDF)
Churning (Exhibit 4)
Our job in this case was to help counsel explain the impact of churning on account value and stockbroker commissions.
Click here for Exhibit 4 (20kb PDF).