Brookstreet Broker Cliff Popper Suing NFS for $36 Million

Published Wednesday, April 09, 2008

Cliff Popper, the flashy former Brookstreet Securities broker/trader at the center of the California firm's August collapse, is now suing his old clearing firm, National Financial Services (NFS), for $36 million in damages. According to Popper's attorney, Jeffrey Kaplan, of Miami law firm Dimond Kaplan & Rothstein, NFS is to blame for the collapse of Brookstreet, and the subsequent disintegration of Popper's roughly $1 billion client portfolio. Kaplan recently filed an arbitration claim against NFS on behalf of Popper and other members of his team. A spokesperson for NFS said the firm has not yet received notice of ...

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