A FINRA arbitrator has ordered SunTrust Investment Services to pay $37,000 to an 81-year-old widower who claims his adviser lied to him about how his money was invested.
Billy Hackworth, a retired building contractor, said his SunTrust adviser sold him bonds that were much riskier than he wanted. "I understood that the principal would be safe and I would receive an interest check each month of about 6 or 7 percent," he said.
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