* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
The causes of action related to Cs' Agent Appointment Agreement with Rs.
Notes
Age Discrimination case.
People & Entities
Arbitrators
Walter Steven Schwartz - Chair; Steven M. Guttell; Jerry L. Riggins
Broker-Dealers Named
Farmers Insurance Company of Arizona; Farmers Insurance Exchange; Farmers Insurance Group Incorporated dba Farmers Underwriters Association; Farmers New World Life Insurance Company LLC; Zurich Capital Markets Securities Incorporated; Zurich Insurance Group Limited; Farmers Financial Solutions LLC
Professionals
Cs: (WJL) None.
Rs: (FFSLLC, MJQ & GAR) Christopher S. Maile & Richard Moore, Tharpe & Howell, Sherman Oaks, CA. OSC.
Rs: (ZCMSInc, FIC of Ariz, FIExch, FIGInc, FNWLIC & ZIGLtd) No-show. -- Did not submit to arbitration.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
The causes of action related to commissions charged Cs, among other things.
Notes
Rs Michael Anthony Regina, Philip A. Dina, John David Telfer, Patrick Nicholas Teutonico and Qi Huang were not assessed any portion of the awarded amount. Rs Obsidian Financial Group LLC and Stephen Grivas were assessed. PHL -- Involves bankruptcy stay. All-Public Panel.
Arbitrators
Michael D. Briggs - Chair; William L. Merkin, Esq.; Randall Brian Christison
Broker-Dealers Named
Obsidian Financial Group LLC
Professionals
Cs: Pro se. Previously represented by: Hilton Weiner, Law Office of H.M. Weiner, New York, NY.
Rs: (MAR) Martin P. Unger, Wexler Burkhart et al., Garden City, NY.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged that Rs made investments in Master Limited Partnership Funds, including Direxion Zacks MLP High Income Exchange Traded Fund and Alerian Exchange Traded Fund, and high-risk stocks, including Cohen & Steers Infrastructure Fund Inc. and Energy Transfer Partners LP, that were unsuitable for their investment goals.
Notes
This is a Stipulated Award. Arbitrator Remarks -- Expungement granted.
Arbitrators
Gregory G. Gocek
Broker-Dealers Named
Ameriprise Financial Services Incorporated
Professionals
Cs: Adrian Mendoza, Lillig & Thorsness Ltd., Oak Brook, IL.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
The causes of action related to Cs allegation that her career was destroyed by JP Morgan's campaign of defamation against her when she resigned from JP Morgan and Wells Fargo's termination of her employment with Wells Fargo.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Robert J. Scafuri, Esq. - Chair; F. Bradford Johnson; Judith Ann Estabrook Shepard
Broker-Dealers Named
JP Morgan Securities LLC; Wells Fargo Advisors LLC
Professionals
Cs: (DEG) Andrew M. Hicks & Matthew W. Schramm, Warrick & Boyn, Elkhart, IN.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs requested the reformation on Cs' Amended Form U-4 of an investigation by the U.S. Attorney for the Western District of Virginia, relating to HUD-financed properties.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Edith N. Dinneen, Esq. - Chair; Thomas B. Corey, Esq.; Charles Robert Moore
Broker-Dealers Named
Equity Services Incorporated
Professionals
Cs: (AG) Janet K. DeCosta, J.K. DeCosta PC, Washington, DC.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged that Rs recommended that its tax revenues be invested in an undiversified, concentrated portfolio of long-term fixed-income securities, including Fannie Mae, the Federal Home Loan Bank, and other government-sponsored enterprises.
Notes
Sanctions imposed. All-Public Panel. Arbitrator Remarks -- Case law cited.
Arbitrators
Barry H. Barnett, Esq. - Chair; Patricia G. Parthe, Esq.; Harvey W. Gordon
Broker-Dealers Named
Oppenheimer & Company Incorporated; BOSC Incorporated
Professionals
Cs: Clinton W. Marrs, Marrs Griebel Law, Albuquerque, NM.
Rs: (BOSCInc & TWH) Paul DeMuro, Frederic Dorwart Lawyers PLLC, Tulsa, OK. OSC.
Rs: (O&Cinc) Colin L. Hunter, The Barnett Law Firm, Albuquerque, NM. OSC. and David A. Garcia, D.A. Garcia LLC, Albuquerque, NM. OSC. and Rodney Acker, Norton Rose Fulbright US LLP, Dallas, TX. OSC.
Rs: (ROS) J. Randle Henderson, J.R. Henderson Attorney-at-Law, Houston, TX.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged that Rs prevented them from taking control of China Medical Technologies Inc. by lending out its stock from their account and refusing to execute their purchase orders of the stock.
Notes
Majority Public Panel. Arbitrator Remarks -- Expungement granted after a hearing on the merits. Explained Award. Case law cited.
Arbitrators
Paul S. Biederman - Chair; Robert E. Anderson, Esq.; Fred Shinagel
Broker-Dealers Named
Fidelity Brokerage Services LLC; National Financial Services LLC
Professionals
Cs: David Graff & Rachael Kierych, Anderson Kill PC, New York, NY. and Howard Graff, Arent Fox LLP, New York, NY. Cs Expert: Andrew Bolton.
Rs: (FBSLLC & NFSLLC) Brian Amery & Mark D. Knoll & Susan George, Bressler Amery & Ross, New York, NY. OSC.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs requested the expungement of two customer complaints alleging that Cs recommended unsuitable variable annuities and did not give the customers notice of the surrender charges and income riders pertaining thereto.
Notes
Arbitrator Remarks -- Expungement granted after a hearing on the merits. Explained Award.
Arbitrators
Lynn Hirschfeld Brahin, Esq. - Chair; Nelson E. Genshaft, Esq.; Erick R. Zanner
Broker-Dealers Named
Raymond James Financial Services Incorporated
Professionals
Cs: (TLB) Dennis J. Concilla, Carlile Patchen & Murphy, Columbus, OH.
Rs: (RJFSInc) Brandy Pikus, St. Petersburg, FL. ISC.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged a failure to diversify his portfolio, among other things. The causes of action related to an investment in the Fidelity Government Income Fund.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged that Rs failed repay sums due on a promissory note dated 7/1/13 and a debit balance that accrued on her commission and fee statements upon the termination of her registration with Cs.
Notes
None.
Arbitrators
Christopher M. McMurray, Esq.
Broker-Dealers Named
Securities America Incorporated
Professionals
Cs: (SAInc) Christina Heller & Kevin J. Miller, Lavista, NE. ISC.
* Damage field dollar figures are divided by 1,000 and rounded to the nearest $100; e.g., $2,500 appears as" 2.5."
Claim Summary
Cs alleged that Rs caused Cs to forfeit their right to receive benefits from a defined benefit plan in the Wyoming Retirement System by transferring funds from the plan.
Notes
Rs The Pedersen Investment Group was not assessed any portion of the awarded amount. Rs Jacqueline Sarette Georgio aka Jacqueline Sarette Georgio Westover, Paul Samuel Howard, Bryan Kristian Pedersen and RBC Capital Markets LLC were assessed.
Arbitrators
Richard Djokic, Esq. - Chair; Thomas R. Bromberg, Esq.; Larry D. Hayden, Esq.
Broker-Dealers Named
The Pedersen Investment Group; RBC Capital Markets LLC
Professionals
Cs: Patrick J. Crank, Crank Legal Group PC, Cheyenne, WY.
Rs: (RBCCMLLC, JSG, PSH & BKP) Adrian P. Castro & John S. Lutz, Fairfield & Woods, Denver, CO. OSC.
Rs: (TPGp) No-show. -- Did not voluntarily submit to arbitration.
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