A group of investors alleged causes of action, including breach of fiduciary duty and respondeat superior, against the broker-dealer for its failure to supervise four of its employees who operated a Ponzi scheme out of the broker-dealer’s office in Atlanta, Georgia. The panel found the respondent grossly negligent and awarded the claimants approximately $14 million in damages, including $6.9 million in punitive damages. The claimants also successfully petitioned a court of competent jurisdiction for attorney fees and costs.