James Simpson, chairman of the panel, reserved his judgment on damages until a date which has yet to be set.

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The Court ordered Douglas to pay post-judgment interest at the statutory rate of 10.74% from the date of the entry of the 1983 judgment.

FORBES: UPDATE: SEC Inspector Javert Earns $1.8 Million Interest On $78,000 Judgment

The kicker is that a confession of judgment typically includes a paragraph that introduces an escalated interest rate from the date of default.

FORBES: Connect

Even if clients do not submit claims until a later date, perhaps firms should look at behavior of their employees and make their own judgment as to whether a broker is suitable to be in their industry before passing him on to another firm.

FORBES: James Konaxis -- FINRA's Database Needs To Be Updated, Often