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FINRA Broker Allegations

Allegations against: Jack Dempster Drake

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: Customer, [customer] claimed i executed a trade for 15 contracts of cotton at a price that exceeded his limit. Decision was rendered in favor of customer for $15286.00. Decision was based on state law. It was clearly stated there was no violation of federal securities or commodity regulations.

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