ARBchek - Arbitrator Research Base

UPDATE: ARBchek 2012-18 SELECTED AWARDS OF INTEREST

1) Wagner v. Dolhare, FINRA ID # 10-03743 (Los Angeles, CA, 5/8/2012) – An all-public Panel orders $2,231,000 worth of rescission and loss of value damages to investors in auction rate securities who, the Arbitrators decided, “were not treated fairly” when the liable brokerage excluded them from a global settlement with the State of California.

2) Patel v. Balchandani, FINRA ID # 11-00973 (Louisville, KY, 5/4/2012) – A Panel awards $1 million, including $200,000 in punitive damages, to a pair of customers who alleged a churning scheme targeting Indian-Americans.