ARBchek - Arbitrator Research Base

1. Rosenberg v. Hightower Securities FINRA ID #19-03721 (New York, NY, 2021-08-13) – Although a customer loses his requests for monetary relief, the Panel awards said customer rescission of the contract he entered into with Respondent broker-dealer to purchase the limited partnership investments at issue in this case.

2. Charles Schwab v. Behymer FINRA ID #19-01296 (Memphis, TN, 2021-08-12) – In this intra-industry case, a Claimant broker-dealer alleging raiding and seeking injunctive relief and a broker alleging intentional infliction of emotional distress and seeking reformation of his Form U5 record both lose their respective claims against one another. Said Claimant broker-dealer was also ordered to pay Respondent broker monetary sanctions relating to the failure to produce discovery.

3. Wells Fargo v. Rule FINRA ID #18-03543 (Dallas, TX, 2021-08-13) – A registered representative sex discrimination with regards to the terms and conditions of her employment is held liable to Claimant broker-dealer for the amounts due and owing on a promissory note agreement. Said registered representative loses her Counterclaim for damages.