The Financial Industry Regulatory Authority has ordered a broker to pay up $1.7 million to former employer RBC Capital Markets after rejecting his request for $37.8 million in compensatory damages.

FINRA’s decision was handed down after the broker, Gilbert Anthony Kuta, first filed his claim against RBC in September 2009 with allegations including prima facie tort, common law fraud, breach of contract, tortuous business interference and defamation.

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