It was to compensate me for churning abuses, use of margins, and cashing out an annuity with a 7% guaranteed annual return when I had asked him to borrow money against my holdings.  The majority of the settlement was attributable to the loss of $100k in death benefits which I forfeited because of the total distribution.  He told me we had reinstated the annuity but, in fact, only $10k of the money redeposited was eligible for the 7% annual guarantee.  I essentially lost the ability to leave my daughter a $600k inheritance which is what the death benefit would have paid out in another 7 years.  Does this answer your question?  Losses from the sale of stocks were claimed on past taxes (and will be for years to come).  I think this is seen differently.

I know the award will be taxed.  My primary concern is whether I pay now under estimated taxes or later when I normally pay my taxes (February or March of 2020).