The allegations read: The claimant sought damages in the amount of $100,000 plus interest, costs and compensation for emotional distress. Claimant had alleged that her broker invested her individual and ira accounts in unsuitable investments based upon her stated investment objectives. She further alleged that the rr omitted mentioning the risks involved with exchanging the treasury bonds and bank stocks previously held in her accounts with junk bonds and high tech stocks. Claimant alleged this conduct gave rise to claims for breach of contract, breach of fiduciary duty, negligence, state and federal securities fraud.
