A client's estate won a hefty $10 million arbitration award against C.L. King & Associates for alleged misrepresentation, breach of fiduciary obligations and negligent supervision among other misconduct, according to a copy of the award.

The win is the latest in a series of lengthy FINRA arbitration cases stemming from the fallout from the collapse of NSB Advisors, a RIA that filed for bankruptcy last year and which once used C.L. King as a clearing and custody firm, according to court documents.

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