Laidlaw & Company: What’s next?June 29, 2016 - Author: steph
Few things in life are promised to us, and sometimes we always have to keep our eyes open as to anything and everything that might be thrown our way. That was certainly the case for attorney Brian McDonough, who won more than half a million dollars for his client in arbitration against brokerage firm Sands Brothers & Co. a year ago. However, when it was all said and done, his opposition told him there was a good chance his client might not see much of that money at all, which I’m sure came as a surprise to him and his client. As I’ve stated, though, you have to prepare for whatever may come your way at all times.
Investing is a risk and sometimes that risk doesn’t pay off, sadly. There were a large number of cases against Sands Brothers & Co, but James Ahern was persistent and in the end, he got the money for his client. It wasn’t easy, however, as anything involving money usually is tough, no matter how open and shut it may seem to the court room. There is always red tape and other things to consider.
These kind of cases are not unusual as many are upset with investing, thanks to the economic times. Perhaps they thought one thing and something else happened instead. There is talk that executives will move assets to another broker-dealer, Laidlaw & Company (UK) Ltd., to not have to pay the awards. Laidlaw & Co., you might remember, used to be called Sands Brothers International Ltd. It is an unique time, no question, and it will be interesting to see how it all unfolds and how it turns up for all parties involved. One person won, which means others can win as well. How will this affect people investing in the future? Only time will tell. Talk with Matthew Eitner to figure it out.
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