The Forest County Potawatomi Tribe of Wisconsin has been awarded $2.65 million in a dispute with a brokerage.
The tribe used ING Financial Partners to handle investments for its children's fund. The tribe said brokers failed to manage the fund properly and charged excessive fees and sought $13 million in damages.
The National Association of Securities Dealers arbitration panel instead awarded the tribe $2.18 million in compensatory damages and $469,835 in interest.
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$2.65 million payout for tribe in fee dispute
(The Milwaukee Journal-Sentinel 2/4)
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Wisconsin tribe awarded $2.65M from brokerage
Friday, February 4, 2005
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