A FINRA arbitration panel ordered JP Morgan Securities to pay two clients $485,000 in compensatory damages for overly concentrated investments in U.S. Treasuries made by one of its brokers, according to a recent FINRA filing.

Robert Owen Klein invested about 40% of the clients' assets in short positions in U.S. Treasury bonds betting that interest rates and inflation would rise, said Theodore Cohen, a lawyer with Spolin Cohen Mainzer in Manhattan Beach, Calif., who represented the claimants, Benjamin and Holly Hoch. 

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