I'm being sued in arbitration. Over the course of 15 years, I did very well for the client. True, his account was down almost 40% after the 2008 crash. But if he'd stayed with me instead of liquidating everything and locking in his losses, he'd be back to where he was by now. My attorney tells me I should settle (for between 10% to 20% of the client's actual loss), but I don't see why I should. What do you think?

— L.B., New York

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