On New Year’s Eve, Securities America was hit with a $1.2 million award as a result of its sale of Medical Capital Notes. The award included $734,000 in compensatory damages, $250,000 in punitive damages and $171,000 in attorney and expert fees. According to attorney H. Davis at Page Perry, a securities arbitration and litigation firm currently handling millions of dollars of Securities America claims, “the award of punitive damages by a FINRA panel is a foreboding sign for Securities America going forward as punitive damages are rarely awarded in FINRA arbitrations.”