An arbitration panel shot down a claimant’s request for up to $2.9 million for allegedly botched investments tied to private placements and Ponzi schemes last week, and instead ordered her to pay almost $136,000 in costs and expert witness fees.

The decision from the Financial Industry Regulatory Authority arbitration panel followed a two-year case that began when California resident Jaimie Davis first filed her February 2010 claim against FINRA member firm WFP Securities Corp., registered representative Curtis Jerome Sathre III and WFP President John Evan Schooler.

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