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BRIEF-Tullett Prebon says FINRA rules in favour of subsidiaries
July 10, 2014 / 10:01 AM / 3 years ago

BRIEF-Tullett Prebon says FINRA rules in favour of subsidiaries

July 10 (Reuters) - Tullett Prebon Plc -

* Outcome of FINRA arbitration on claims brought by company’s subsidiary companies in united states which were raided by BGC partners inc

* Arbitrators have determined bgc and certain of raided brokers should pay $33.3m (19.5m pounds) in compensatory damages to subsidiary companies on account of claims

* Determined that subsidiary companies should pay $6.1m (£3.5m) in compensatory damages to a representative of former equity holders of chapdelaine corporate securities & co and $0.2m (0.1m pounds) to one of raided brokers Source text for Eikon: Further company coverage:

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