Potomac Analytics' Logo

FINRA Broker Allegations

Allegations against: Gail Antoinette Milon

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: The claimant alleges that ms. Milon recommended and sold her an investment in real estate located in jacksonville, florida.the panel determined that milon's actions in intentionally lying to the claimant about the nature of the investments recommended were particularly egregious because milon knew that the monies being invested represented over 80 percent of claimant's liquid assets. The panel awarded punitive damages to deter similar conduct by milon and others. Milon is liable for and shall pay to claimant the sum of $458,236.00 in punitive damages.

Back