Attorneys obtained a defense award in a FINRA Dispute Arbitration where the Claimants sought compensatory damages and the claim was litigated for six hearing sessions. Claimants alleged that Respondents made unsuitable recommendations for DBSI which is a private placement was well as a third party managed portfolio. However, the panel denied Claimants' claims by finding that the 82 year old Claimant was in fact a high risk sophisticated investor who was willing to accept the risk of a complete loss resulting from his DBSI investment and that the managed portfolio was not a speculative portfolio but a moderate risk portfolio whose losses were caused by an overall market decline in 2008.