Dispute Information Damages*
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Stahl v. Lincoln Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-01168
Products
VariableAnnuities
Issue Date
2019-01-22
Situs San Francisco
State CA
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker wins expungement of a customer complaint from her CRD record involving variable annuities.
Notes
Arbitrator Remarks -- Expungement granted.
People & Entities
Arbitrators
Laurel Littman Gothelf, MPH
Broker-Dealers Named
Lincoln Financial Advisors Corporation
Professionals
Cs: (BRS) Michael Bessette, HLBS Law, Westminster, CO. Rs: (LFACorp) Thomas Worger, Dentons US LLP, San Francisco, CA. OSC.
TypeDisp
SmallClms
Allegation I
Misappropriatn
Short Caption
Chen v. Scottrade Incorporated
Allegation II
BreachContract
Forum
FINRA
Allegation III
BreachFiducDty
Docket No
18-01982
Products
NP
Issue Date
2019-01-25
Situs San Francisco
State CA
Clmd Compensatory
15.0
Total Amt Awarded
1.1
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A customer loses her request for compensatory damages against Respondents but is awarded costs. Claimant's case related to Respondents alleged misappropriation of funds by failing to refund $15,000 to her account.
Notes
Rs Daniel Gong was not assessed any portion of the awarded amount. Rs Scottrade Inc. was assessed. PHL -- Court Ordered Arbitration.
Arbitrators
William Michael Samsel
Broker-Dealers Named
Scottrade Incorporated
Professionals
Cs: Danning Jiang, Law Offices of D. Jiang, San Jose, CA. Rs: (SInc & DG) Ilana Herscovitz Reid, TD Ameritrade, Columbia, MD. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Gough v. Wells Fargo
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02270
Products
NP
Issue Date
2019-01-23
Situs San Francisco
State CA
Clmd Compensatory
0.0
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker loses her request for expungement of a customer complaint from her CRD record.
Notes
None.
Arbitrators
Herb Schwartz
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (LSG) Dochtor Kennedy & Harris Freedman, AdvisorLaw LLC, Westminster, CO. Rs: (WFCSLLC) Geoffrey Beckham, Wells Fargo Law Department, San Francisco, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ball v. Sentra Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
18-01888
Products
MutualFunds
Issue Date
2019-01-23
Situs Denver
State CO
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker wins expungement of an NASD arbitration case from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Donald Neil Tolin
Broker-Dealers Named
Sentra Securities Corporation
Professionals
Cs: (MGB) Michael Bassette, HLBS Law, Westminster, CO. Rs: (SSCorp) Phillip Hofling, Custodian, Phoenix, AZ. ISC.
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
Medeiros v. Quest Capital
Allegation II
BreachFiducDty
Forum
FINRA
Allegation III
Negligence
Docket No
17-03375
Products
DirectInvesmts
Issue Date
2019-01-24
Situs Boca Raton
State FL
Clmd Compensatory
200.0
Total Amt Awarded
276.2
Compensatory Awarded
235.0
Punitive Damage Awarded
0.0
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A group of customers are awarded $235,000 in compensatory damages (more than the total compensatory damages claimed) and costs relating to their investment in promissory notes of the Woodbridge Mortgage Investment Funds 1 and 2.
Notes
Damages Anomaly. Rescission Requested. All-Public Panel.
Arbitrators
Paul J. Burkhart - Chair; Stacey Rosenthal; Adam Lawrence Frankel
Broker-Dealers Named
Quest Capital Strategies Incorporated
Professionals
Cs: Kalju Nekvasil, Goodman & Nekvasil, Clearwater, FL. Rs: (QCSInc) Neil S. Baritz & Heather Cooper, Baritz & Colman, Boca Raton, FL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Marcello v. GunnAllen Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-01802
Products
DirectInvesmts; RealEstate
Issue Date
2019-01-22
Situs Boca Raton
State FL
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
An Arbitrator awards Claimant broker expungement relief relating to a previously settled FINRA Arbitration (Case No. 14-01085) involving customer's investment in a tenancy in common.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Mark Allen Bilawsky
Broker-Dealers Named
GunnAllen Financial Incorporated; JP Turner & Company LLC
Professionals
Cs: (ACM) Kurt T. Kalberer II, Kalberer LLP, New York, NY. Rs: (GAFInc) No-show. Rs: (JPT&CLLC) Christina Vourakis, Cetera Financial Group, El Segundo, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Turner v. GunnAllen Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02029
Products
Equity; MutualFunds
Issue Date
2019-01-25
Situs Boca Raton
State FL
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker is awarded expungement of two previously settled customer arbitrations from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Kimberly A. Gilmour, Esq.
Broker-Dealers Named
GunnAllen Financial Incorporated
Professionals
Cs: (MIT) Eric Litow, HLBS Law, Westminster, CO. Rs: (GAFInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Turnock v. Ameriprise Advisor
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02700
Products
Equity; Margin
Issue Date
2019-01-24
Situs Boca Raton
State FL
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker is awarded expungement of two customer disputes from his CRD record: an NASD Arbitration and a customer complaint.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Carl Shechter, Esq.
Broker-Dealers Named
Ameriprise Advisor Services Incorporated
Professionals
Cs: (KMT) Michelle Atlas & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (AASInc) Howard M. Klausmeier, Ameriprise Financial, Troy, MI. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Redfearn v. QA3 Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02111
Products
*
Issue Date
2019-01-25
Situs Atlanta
State GA
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Registered representative is awarded expungement of a FINRA Arbitration from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Harvey R. Linder, Esq.
Broker-Dealers Named
QA3 Financial Corporation
Professionals
Cs: (JER) Dochtor Kennedy & Erica Harris, AdvisorLaw LLC, Westminster, CO. Rs: (QA3FCorp) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Song-Pegg v. Fifth Third
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02309
Products
NP
Issue Date
2019-01-21
Situs Chicago
State IL
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker wins expungement of a customer complaint from her CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Leon Fox, JD
Broker-Dealers Named
Fifth Third Securities Incorporated
Professionals
Cs: (CS) Jonathan M. Sterling, Saretsky Hart et al., Birmingham, MI. Rs: (FTSInc) Matthew R. Byrne, Jackson Lewis PC, Cincinnati, OH. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Werckenthien v. National Planning
Allegation II
Forum
FINRA
Allegation III
Docket No
17-02748
Products
*
Issue Date
2019-01-22
Situs Indianapolis
State IN
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker wins expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Charles Orlove
Broker-Dealers Named
National Planning Corporation
Professionals
Cs: (CCW) Dochtor Kennedy & Erica Harris, AdvisorLaw LLC, Westminster, CO. Rs: (NPCorp) Scott R. Forbush, Jackson National Life Insurance Company, Lansing, MI. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Miletello v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02621
Products
Annuities
Issue Date
2019-01-23
Situs New Orleans
State LA
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
An Arbitrator awards Claimant broker expungement of two customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Barbara L. Edin, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (SJM) Erica Harris & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeNonMember
Allegation I
Compensatn
Short Caption
Klein v. Santander Bank
Allegation II
BreachContract
Forum
FINRA
Allegation III
Retaliation
Docket No
17-02674
Products
NP
Issue Date
2019-01-22
Situs Boston
State MA
Clmd Compensatory
1227.3
Total Amt Awarded
1304.8
Compensatory Awarded
1227.3
Punitive Damage Awarded
0.0
Attorney Fees Awarded
77.5
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
In this Explained Award, the Panel goes into detail as to their decision to award Claimant broker over $1 million in damages relating to his retaliation and compensation claims against Respondent broker-dealer.
Notes
Big $s. Rs Perry Vachon and Charles Wemuth were not assessed any portion of the awarded amount. Rs Santander Bank NA was assessed. PHL -- Court Ordered Arbitration. Arbitrator Remarks -- Explained Award.
Arbitrators
Paul Peter Nicolai - Chair; Merriann Panarella; June Y. Kilmarx, Esq.
Broker-Dealers Named
Santander Bank NA
Professionals
Cs: (MK) David P. Angueira & Celelstina Radogno, Swartz & Swartz, Boston, MA. Rs: (SBnkNA & PV) David Casey & Francis Bingham, Littler Mendelson PC, Boston, MA. OSC. Rs: (CW) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Zimmerman v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02410
Products
*
Issue Date
2019-01-25
Situs Boston
State MA
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker wins expungement of four customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Susan E. Maloney, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (AHZ) Dochtor Kennedy & Joshua Jones, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
SmallClms
Allegation I
Suitability
Short Caption
Brandenburg v. Sawyer
Allegation II
Forum
FINRA
Allegation III
Docket No
18-01537
Products
*
Issue Date
2019-01-23
Situs Baltimore
State MD
Clmd Compensatory
34.2
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A customer alleging unsuitable investment recommendations loses his claim against Respondent broker. Respondent broker is awarded expungement relief.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Thomas J. Dolina
Broker-Dealers Named
None.
Professionals
Cs: Pro se. Rs: (CWS) Alex J. Brown, Shapiro Sher et al., Baltimore, MD.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Fratarcangeli v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
18-01523
Products
DirectInvesmts; HedgeFunds
Issue Date
2019-01-24
Situs Detroit
State MI
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker wins expungement of two customer complaints related to disclosures made by Respondent in an underlying arbitration FINRA Case No. 10-02777 from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Stephen D. Kursman, Esq. - Chair; Richard Edward Rassel, III; Patrick A. Guenter
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (JF) Brandon M. Taaffe, Shumaker Loop & Kendrick, Sarasota, FL. Rs: (MLPFSInc) Janelle E. Fulton, Rubin Fortunato & Harbison, Paoli, PA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Garrison v. Ameriprise Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-00790
Products
NP
Issue Date
2019-01-25
Situs Kansas City
State MO
Clmd Compensatory
0.0
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
An Arbitrator denies Claimant broker's request for expungement of a customer complaint from his CRD record.
Notes
None.
Arbitrators
Robert L. Chisolm
Broker-Dealers Named
Ameriprise Financial Services Incorporated
Professionals
Cs: (DMG) Erica Harris & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (AFSInc) Edward Walton & Howard Klausmeier, Minneapolis, MN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Balcerzak v. WMA Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02175
Products
VariableAnnuities; LifeInsurance
Issue Date
2019-01-25
Situs Charlotte
State NC
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker is awarded expungement of two customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Lynne Townsend Albert, Esq.
Broker-Dealers Named
WMA Securities Incorporated; World Group Securities Incorporated
Professionals
Cs: (JBB) Dochtor Kennedy & Christopher Cummins, AdvisorLaw LLC, Westminster, CO. Rs: (WMASInc) No-show. Rs: (WGSInc) Susan D. Duff, Assistant General Counsel, Transamerica Financial Advisors Incorporated, St. Petersburg, FL. ISC.
TypeDisp
CustomerMember
Allegation I
Churning
Short Caption
Martin v. Edward Jones
Allegation II
Suitability
Forum
FINRA
Allegation III
Misreprestn
Docket No
17-02411
Products
Money Mkt A/C; MutualFunds
Issue Date
2019-01-25
Situs Las Vegas
State NV
Clmd Compensatory
1329.2
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
An All-Public Panel denies a customer's claim stemming from allegations of churning, overconcentration, among other things, with respect to his investment in shares of the Federated Tax-Free Obligations Wealth Fund and a low yield money market fund. Both Respondent brokers win expungement relief.
Notes
All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Michael Lancaster Garcia - Chair; John J. Fitzpatrick, Jr., Esq.; Paul R. Meyer
Broker-Dealers Named
Edward Jones
Professionals
Cs: Catherine M. Bowman, Law Office of C.M. Bowman, Mesa, AZ. Rs: (EJ&CLP, ROK & KRW) Neal S. Robb & Esther E. Cho, Keesal Young & Logan, Long Beach, CA. OSC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Erickson v. Wells Fargo
Allegation II
Defamation
Forum
FINRA
Allegation III
Negligence
Docket No
17-02820
Products
NP
Issue Date
2019-01-22
Situs Las Vegas
State NV
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
Equity
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker settles his claims against Respondent broker-dealer and is awarded Reformation of his Form U-5 record.
Notes
This is a Stipulated Award. Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Elliott David Finkel - Chair; Mark S. Priver, Esq.; William Ogburn Huggins, III
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (JLE) Joshua B. Kons, Law Offices of J.B. Kons, Hartford, CT. Rs: (WFCSLLC) Michael Naccarato, Wells Fargo Advisors LLC, St. Louis, MO. ISC.
TypeDisp
MemberCustomer
Allegation I
DebitBalance
Short Caption
Oppenheimer & Company v. Beard
Allegation II
BreachContract
Forum
FINRA
Allegation III
Docket No
18-01909
Products
*
Issue Date
2019-01-23
Situs Las Vegas
State NV
Clmd Compensatory
56.4
Total Amt Awarded
56.4
Compensatory Awarded
56.4
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
One non-appearing customer is held liable to Claimant broker-dealer for an outstanding debit balance in a securities account.
Notes
Rs Derrick Beard was not assessed any portion of the awarded amount. Rs DuSable Group International LLC dba DGI INC. LLC was assessed.
Arbitrators
Robert F. Saint-Aubin, Esq.
Broker-Dealers Named
Oppenheimer & Company Incorporated
Professionals
Cs: (O&CInc) Justin M. Garbaccio, New York, NY. ISC. Rs: No-show.
TypeDisp
MemberMember
Allegation I
Raiding
Short Caption
Andrew Garrett v. Laidlaw & Company
Allegation II
TakingRecords
Forum
FINRA
Allegation III
Misappropriatn
Docket No
17-01729
Products
NP
Issue Date
2019-01-25
Situs New York
State NY
Clmd Compensatory
0.0
Total Amt Awarded
52.5
Compensatory Awarded
52.5
Punitive Damage Awarded
0.0
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker-dealer prevails on its raiding claim against Respondent broker-dealer and Respondent broker.
Notes
Rs Gabriel Martin Antuna was not assessed any portion of the awarded amount. Rs Laidlaw & Company (UK) Ltd. and Paul Anthony Cowler were assessed. Raiding case.
Arbitrators
David Ross - Chair; Lilian M. Leong, Esq.; Raymond A. Urci, Jr.
Broker-Dealers Named
Andrew Garrett Incorporated; Laidlaw & Company (UK) Limited
Professionals
Cs: (AGInc) Barry Bordetsky, Law Offices of B.M. Bordetsky, Morristown, NJ. OSC. Rs: (L&CUKLtd) Ross D. Carmel, Carmel Milazzo & DiChiara, New York, NY. OSC. Rs: (PAC) A.R. John Hitchings, Sichenzia Ross Ference LLP, New York, NY. Rs: (GMA) Gabriel Fischbarg, Attorney-at-Law, New York, NY.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Kelly v. National Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
18-00674
Products
Equity; Margin; CorpDebt
Issue Date
2019-01-25
Situs New York
State NY
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker is awarded expungement of two customer complaints from his CRD record but is denied expungement relating to a third.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert E. Anderson, Esq.
Broker-Dealers Named
National Securities Corporation
Professionals
Cs: (TEK) Erica Harris, AdvisorLaw LLC, Westminster, CO. Rs: (NSCorp) Emily A. Hayes, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Jackson v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02710
Products
Equity
Issue Date
2019-01-24
Situs Oklahoma City
State OK
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker wins expungement relief of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
C. Sumpter Logan
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (DRJ) W. Preston Martin, Bressler Amery & Ross, Birmingham, AL. Rs: (UBSFSInc) Craig A. Vollono, UBS Business Solutions US LLC, Weehawken, NJ. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Glassman v. Prudential Equity
Allegation II
Forum
FINRA
Allegation III
Docket No
18-00531
Products
Equity
Issue Date
2019-01-25
Situs Philadelphia
State PA
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
In this Consolidated Award, Claimant broker wins expungement of two customer complaints from his CRD record.
Notes
This is a Consolidated Award. Arbitrator Remarks -- Expungement granted.
Arbitrators
Laura A. Kaster
Broker-Dealers Named
Wells Fargo Securities LLC; Prudential Equity Group LLC
Professionals
Cs: (WCG) Timothy C. Lynch, Offit Kurman PA, Baltimore, MD. Rs: (PSLLC) Alan S. Brodherson, Law Offices of A.S. Brodherson, New York, NY. OSC. Rs: (WFSLLC) Demian Betz, Wells Fargo Law Department, Charlotte, NC. ISC. Rs: No-show. Rs: No-show.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5
Short Caption
Brodman v. Citizens Securities
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
18-01473
Products
NP
Issue Date
2019-01-24
Situs Pittsburgh
State PA
Clmd Compensatory
0.0
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker loses his request for expungement of defamatory, false, misleading, inaccurate, or erroneous from his Form U-5 record.
Notes
None.
Arbitrators
James W. (Jim) Geiger
Broker-Dealers Named
Citizens Securities Incorporated
Professionals
Cs: (MSB) Dochtor Kennedy & Christopher Cummins, AdvisorLaw LLC, Westminster, CO. and Michael Bessette, HLBS Law, Westminster, CO. Rs: (CSInc) Geoffrey W. Millsom, Adler Pollock & Sheehan, Providence, RI. OSC.
TypeDisp
SmallClms
Allegation I
Suitability
Short Caption
Schraegle v. JP Morgan
Allegation II
BreachFiducDty
Forum
FINRA
Allegation III
Negligence
Docket No
18-00611
Products
MutualFunds
Issue Date
2019-01-22
Situs PP
State PP
Clmd Compensatory
17.0
Total Amt Awarded
17.0
Compensatory Awarded
17.0
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
In this small claims case, a customer is awarded compensatory damages from Respondent broker-dealer regarding her allegation that the JP Morgan Income Builder Fund A was unsuitable based on Cs financial situation and experience and resulted in a loss of funds, as the value declined.
Notes
None.
Arbitrators
Daniel G. Zeiser, Esq.
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: Benjamin B. Segel, Attorney-at-Law, Dublin, OH. Rs: (JPMSLLC) Daniela Paez, Ulmer & Berne, Cleveland, OH. OSC.
TypeDisp
MemberEmployee
Allegation I
BreachContract
Short Caption
Alternative Asset v. Rodriguez
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02372
Products
NP
Issue Date
2019-01-23
Situs PP
State PP
Clmd Compensatory
25.0
Total Amt Awarded
25.0
Compensatory Awarded
25.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker is found liable on Claimant broker-dealer's breach of contract claim in connection with his alleged failure to repay overdue platform fees.
Notes
None.
Arbitrators
Mark Allen Bilawsky
Broker-Dealers Named
Alternative Asset Investment Management
Professionals
Cs: (AAIMgmt) Victor Park, CEO, Englewood, NJ. ISC. Rs: (VHR) No-show.
TypeDisp
SmallClms
Allegation I
Suitability
Short Caption
LaMaack v. Feltl & Company
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
18-02898
Products
DirectInvesmts; RealEstate; Equity
Issue Date
2019-01-24
Situs PP
State PP
Clmd Compensatory
50.0
Total Amt Awarded
45.0
Compensatory Awarded
45.0
Punitive Damage Awarded
0.0
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Customer wins his claim relating to his allegation that his broker employed by Respondent broker-dealer at the time, improperly exercised discretionary authority to purchase unsuitable investments concentrated in natural resources/energy, real estate, and financial services.
Notes
None.
Arbitrators
Joan L. Volz
Broker-Dealers Named
Feltl & Company
Professionals
Cs: Jon A. Jacobson, Jacobson Law PA, West Palm Beach, FL. Rs: (F&Co) Steven M. Phillips, Anthony Ostlund et al., Minneapolis, MN. OSC.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
SunTrust Investment v. Johnson
Allegation II
BreachContract
Forum
FINRA
Allegation III
Docket No
18-03399
Products
PromissoryNote
Issue Date
2019-01-22
Situs PP
State PP
Clmd Compensatory
87.9
Total Amt Awarded
87.9
Compensatory Awarded
87.9
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A non-appearing broker is held liable for the amount due and owing on a signing bonus he executed prior to his termination from Claimant broker-dealer.
Notes
None.
Arbitrators
Robert H. Putnam, Jr., Esq.
Broker-Dealers Named
SunTrust Investment Services Incorporated
Professionals
Cs: (STISInc) Renata L. Sobral, Fisher & Phillips, Orlando, FL. OSC. Rs: (TEJ) No-show.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Raymond James v. Kanoy
Allegation II
BreachContract
Forum
FINRA
Allegation III
Docket No
18-03420
Products
PromissoryNote
Issue Date
2019-01-26
Situs PP
State PP
Clmd Compensatory
106.3
Total Amt Awarded
109.7
Compensatory Awarded
106.3
Punitive Damage Awarded
Attorney Fees Awarded
3.4
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Claimant broker-dealer wins its case involving the amounts due and owing on a promissory note executed by non-appearing Respondent broker.
Notes
Arbitrator Remarks.
Arbitrators
John P. Cullem, Esq.
Broker-Dealers Named
Raymond James & Associates Incorporated
Professionals
Cs: (RJ&AInc) Eric R. Feld, Wiand Guerra King PA, Tampa, FL. OSC. Rs: (AK) No-show.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Ameriprise Financial v. Rameshwar
Allegation II
BreachContract
Forum
FINRA
Allegation III
UnjustEnrichment
Docket No
18-03601
Products
PromissoryNote
Issue Date
2019-01-21
Situs PP
State PP
Clmd Compensatory
414.6
Total Amt Awarded
421.0
Compensatory Awarded
414.6
Punitive Damage Awarded
Attorney Fees Awarded
6.4
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A non-appearing respondent broker is held liable to Claimant broker-dealer for the amounts due and owing on a promissory note.
Notes
Arbitrator Remarks.
Arbitrators
Gregory D. Hoffmann
Broker-Dealers Named
Ameriprise Financial Services Incorporated
Professionals
Cs: (AFSInc) Scott A. La Porta, Shumaker Loop & Kendrick, Sarasota, FL. OSC. Rs: (RR) No-show.
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
DeMagistris v. Ameriprise Financial
Allegation II
Supervision
Forum
FINRA
Allegation III
Negligence
Docket No
17-01965
Products
*
Issue Date
2019-01-22
Situs Providence
State RI
Clmd Compensatory
14.0
Total Amt Awarded
Equity
Compensatory Awarded
Equity
Punitive Damage Awarded
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Two customers settle their claims against Respondent broker-dealer and broker. Respondent broker wins expungement of this matter from his CRD record.
Notes
This is a Stipulated Award. Arbitrator Remarks -- Expungement granted.
Arbitrators
Samuel Harrison Chorches, Esq.
Broker-Dealers Named
Ameriprise Financial Services Incorporated
Professionals
Cs: Pro se. Rs: (AFSInc & JCR) Sydney H. Crowder, Minneapolis, MN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Schindler v. United Pacific
Allegation II
Forum
FINRA
Allegation III
Docket No
18-02378
Products
DirectInvesmts; RealEstate
Issue Date
2019-01-23
Situs Dallas
State TX
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
Punitive Damage Awarded
Attorney Fees Awarded
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
A broker wins expungement of a previously settled FINRA customer arbitration from his CRD record but is denied expungement with respect to two other previously settled NASD customer arbitrations.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Mandel E. Himelstein, Esq.
Broker-Dealers Named
United Pacific Securities Incorporated; National Planning Corporation
Professionals
Cs: (EJS) Dochtor Kennedy & Erica Harris, AdvisorLaw LLC, Westminster, CO. Rs: (UPSInc) No-show. Rs: (NPCorp) Scott Forbush, Jackson National Life Insurance Company, Lansing, MI. ISC.
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
Talman v. Wells Fargo
Allegation II
Supervision
Forum
FINRA
Allegation III
BreachFiducDty
Docket No
18-00243
Products
Options
Issue Date
2019-01-25
Situs Salt Lake City
State UT
Clmd Compensatory
0.0
Total Amt Awarded
Equity
Compensatory Awarded
Equity
Punitive Damage Awarded
0.0
Attorney Fees Awarded
0.0
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Case Summary
Two customers alleging elder abuse among other things and seeking rescissionary damages settle their claims with Respondent broker-dealer and voluntarily dismiss said claims against Respondent broker.
Notes
This is a Stipulated Award. Rescission Requested. Clrg BD dispute. Majority Public Panel. Panel composition issue.
Arbitrators
Thaddeus J. Tecza, PhD - Chair; Mary C. Davis; Val D. Hornstein, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC dba Wells Fargo Advisors LLC a Delaware limited liability company
Professionals
Cs: Leslie Schwaebe Akins, L.S. Akins A Law Corporation, Carlsbad, CA. Rs: (WFCSLLC & TPC) Judy Louie, Wells Fargo Law Department, Pasadena, CA. ISC.
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