A former Commonwealth Financial Network client has scored a six-figure victory against the independent broker-dealer in a FINRA arbitration hearing.

A panel this week awarded Larry Hamilton $580,000 in damages, according to FINRA documents. Hamilton had claimed the Commonwealth advisor he had dealt with breached his fiduciary duty with a "recommendation ... to retire early and  the subsequent roll-over of shares of his employee stock ownership plan into a 72(t) IRA account and a non-72 (t) IRA account," according to the dispute resolution filing.

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