A FINRA arbitration panel has awarded a set of investors $1.76 million plus interest for their claim that their investments in a feeder fund to Bernard L. Madoff Investment Services and other funds went awry.
The claim was first filed in March by claimants Andrew and Blenda Wright and the Wright Family Living Trust. Respondents named in the case include Lincoln Financial Advisors Corp., a Fort Wayne, Ind.-based broker dealer, and John Marshall and Rollance Verkennis. Lawyers for both parties were not immediately available for comment.
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