The Moskvins took Kleiner and Wachovia/Wells Fargo to arbitration through the Financial Industry Regulatory Association, or FINRA, and they won. The award: $90,000 plus 4 percent annual interest retroactive to March 3, 2009, until the award is paid.
Stuart Meissner, the Moskvins’ attorney, said he was able to establish to the panel that the broker and the firm were not properly reviewing the client correspondence, let alone properly acting upon it. A big help in winning the case was that the Moskvins kept all of their correspondence with Kleiner and others at the company – evidence that came in very handy.
As reported by By Karin Price Mueller/The Star-Ledger