On October 5, 2026, Timothy Fredricks and Christina Vourakis, partners in the Los Angeles office of Winget Spadafora & Schwartzberg LLP, obtained a complete defense award in a FINRA arbitration in which the Claimants sought nearly $1.4 million in damages against the firm’s clients, a national broker-dealer and two of its registered individuals. The arbitration involved an index options overlay strategy implemented in the Claimants’ accounts that they claimed was unsuitable, unauthorized, and caused them to sustain monetary losses. After four days of in-person evidentiary hearings, the three-member panel denied Claimants’ claims in their entirety, finding that neither the firm nor its registered individuals breached any duty owed to Claimants or caused any of their alleged damages.
