ARBchek - Arbitrator Research Base

1. McMillan v. UBS Financial FINRA ID #25-01209 (Washington, DC, 2025-10-22) – A Panel explains in detail why it has decided to deny, sua sponte, a broker's request for expungement of two customer complaints from his CRD record after finding that both complaints were filed more than six years prior to the filing of the Statement of Claim, thus exceeding the applicable statutes of limitations under FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes).

2. Hunter v. E*Trade Securities FINRA ID #25-01315 (Las Vegas, NV, 2025-10-24) – In this small claims arbitration, an Arbitrator explains why he has decided to deny an investor's case finding that Respondent broker-dealer acted as required by the federal statute regarding anti-money laundering (Patriot Act) and after said investor provided sufficient proof of identity the transfer was successful.

3. Salman v. JP Morgan FINRA ID #25-01155 (New York, NY, 2025-10-30) – After settling his case against Respondent, Claimant broker is granted his request for reformation of his Form U5 record. In awarding reformation/expungement, the Arbitrator found that the language contained in the Reason for Termination Section was inaccurate and creates an issue as to the cause of termination, thus making the Form U5 damaging and defamatory in nature.

4. Okorn v. Fidelity Brokerage FINRA ID #25-00995 (Cleveland, OH, 2025-10-27) – An Arbitrator grants Respondent broker-dealer's Pre-Hearing Motion to Dismiss Claimant's request for reformation of her Form U5 record pursuant to FINRA Rule 13206(a) (Six-year Eligibility Rule for Industry Disputes) as the event giving rise to the disclosure occurred in 2006, well beyond the six-year time limit.