Million Dollar Award for Solo Co-Counsel

The Law Office of Ruth Ann Azeredo The Law Office of Ruth Ann Azeredo with Co-counsel Brian P.
Daniels of Brenner, Saltzman and Wallman  Brenner, Saltzman and Wallman LLP, represented John F. Lawrence,
respondent, counterclaimant and third party claimant in an NASD arbitration
where the claimant and third party respondents were Wilder Richman Securities
Corporation (“WRSC”) and its principals, respectively. WRSC requested that the NASD arbitration
panel make a determination that it owed no further compensation to its former
registered representative, Lawrence.

Lawrencecounterclaimed
for compensation due him from investments made by his clients, large
institutional investors, in Low Income Housing Tax Credit Funds, syndicated by
WRSC’s affiliated companies. On
September 13, 2006, the NASD arbitration panel denied WRSC’s claim in its
entirety and issued an award of $1,4000,000.00 in favor of Lawrence against
both WRSC and Richard P. Richman, the general securities principal and co-owner
of WRSC. Of particular note, is that
certain of the investments made by Lawrence’s clients
that Lawrenc sought compensation for occurred
after Lawrence
had left WRSC and become a registered representative of another broker
dealer.

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