Dispute Information Damages*
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Snodgrass v. Wells Fargo
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
19-00539
Products
VariableAnnuities
Issue Date
2021-04-05
Situs San Francisco
State CA
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
A customer and a customer trust settle their claims involving the purchase of a variable annuity issued by Lincoln Financial Group against Respondent broker-dealer and broker. Respondent broker is granted expungement of this matter from his CRD record despite the objection of Claimant.
Notes
This is a Stipulated Award. Rescission Requested. All-Public Panel. Arbitrator Remarks -- Expungement granted.
People & Entities
Arbitrators
Arocles Aguilar - Chair; Nancy Hutt, Esq.; Gary H. Kahn
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: Fran Cole, Diamond Baker Mitchell LLP, Grass Valley, CA. Rs: (WFCSLLC & JAR) Judy Louie, Pasadena, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Baer v. Lefcourt Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01591
Products
Annuities
Issue Date
2021-04-07
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 registered representative is granted his request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Laurel Littman Gothelf, MPH
Broker-Dealers Named
Lefcourt Financial Group Incorporated
Professionals
Cs: (REB) Benjamin Winograd, HLBS Law, Westminster, CO. Rs: (LFGInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Orito v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03024
Products
NP
Issue Date
2021-04-06
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
An Arbitrator awarded Claimant broker his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Michael Lancaster Garcia
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (JEO) Erika Binnix, HLBS Law, Westminster, CO. Rs: (LPLFLLC) Sara B. Davis, Boston, MA. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Nakamura v. Wells Fargo
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-03691
Products
NP
Issue Date
2021-04-09
Situs San Diego
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
An Arbitrator granted Respondent broker-dealer's Pre-Hearing Motion to Dismiss Claimant broker's request for reformation of his Form U5 pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes).
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
Arbitrators
Mary M. O'Neil
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (BAN) Kurt Zimmerman, HLBS Law, Westminster, CO. Rs: (WFCSLLC) Geoff Beckham, Wells Fargo Legal Department, San Francisco, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Young v. Hightower Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02967
Products
Equity; ARS
Issue Date
2021-04-06
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 is awarded expungement of five customer complaints from appearing on his CRD record.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Expungement granted.
Arbitrators
Frances Johnson-Wright, Esq.
Broker-Dealers Named
Hightower Securities LLC
Professionals
Cs: (JRY) Robert Moses, Lax & Neville LLP, New York, NY. Rs: (HSLLC) Meghan E. Flinn, K&L Gates LLP, Washington, DC. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Dutram v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02216
Products
REITs
Issue Date
2021-04-08
Situs Jacksonville
State FL
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 a customer complaint from appearing on his CRD record after the opposition to said relief by the customer.
Notes
None.
Arbitrators
Richard S. Zaifert, Esq.
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (MSD) Harris Freedman, HLBS Law, Westminster, CO. Rs: (LPLFLLC) Kelsey Vasko, San Diego, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Bjerke v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02509
Products
Equity; MutualFunds; DirectInvesmts; HedgeFunds
Issue Date
2021-04-05
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
An Arbitrator granted Claimant broker's request for expungement of four customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
James C. Hoover, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (EMB) Kurt T. Kalberer II, Kalberer LLP, New York, NY. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
O'Halloran v. Barron Chase
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02452
Products
NP
Issue Date
2021-04-09
Situs Chicago
State IL
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 a broker's request for expungement of a complaint from his CRD record after the objection of the customer involved.
Notes
None.
Arbitrators
Donald M. Thompson, Esq.
Broker-Dealers Named
Barron Chase Securities Incorporated
Professionals
Cs: (DPO) Jennifer P. Farrar, Farrar Law PLLC, Tomball, TX. Rs: (BCSInc) No-show.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Ecenbarger v. H Beck
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
20-03743
Products
MutualFunds
Issue Date
2021-04-05
Situs Indianapolis
State IN
Clmd Compensatory
326.0
Total Amt Awarded
Equity
Compensatory Awarded
0.0
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
An All-Public Panel granted Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 12206 (Six-year Eligibility Rule). The customers' claims involved the alleged unsuitable purchase of alternative investments and mutual funds.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Rescission Requested. All-Public Panel. Arbitrator Remarks.
Arbitrators
Jonathan B. Gilbert, Esq. - Chair; Jeffry Mark Bauer, Esq.; Mark L. Miller, Esq.
Broker-Dealers Named
H Beck Incorporated
Professionals
Cs: Michael S. Hill & Gary S. Menzer, Menzer & Hill, Boca Raton, FL. Rs: (HBInc) Lydia R. Zaidman, D'Amura & Zaidman, Austin, TX. OSC.
TypeDisp
EmployeeMember
Allegation I
Discriminatn
Short Caption
Reis v. LPL Financial
Allegation II
BreachContract
Forum
FINRA
Allegation III
Compensatn
Docket No
19-02867
Products
NP
Issue Date
2021-04-05
Situs Augusta
State ME
Clmd Compensatory
1500.0
Total Amt Awarded
0.0
Compensatory Awarded
0.0
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 broker alleging discrimination in violation of the Maine Human Rights Act loses his claim against Respondent broker-dealer after the Panel found that said broker failed to produce sufficient evidence to make a prima facie case.
Notes
Please Note* This case was decided by an All-Public Panel pursuant to Rule 13802 of the Code. Directed Verdict -- Full Dismissal. Discrimination case. Arbitrator Remarks.
Arbitrators
Michael L. Lyons, Esq. - Chair; Gregory Hunter Mathews; John J. Mager, Esq.
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (MCR) Sheilah R. McLaughlin, Law Office of S.R. McLaughlin, Brunswick, ME. Rs: (LPLFLLC) John D. Stewart, Baritz & Colman, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Wegner v. Sigma Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02937
Products
Annuities
Issue Date
2021-04-07
Situs Minneapolis
State MN
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 customer complaint appearing on his CRD record despite the objection of Respondent broker-dealer.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Susan L. Walker, Esq.
Broker-Dealers Named
Sigma Financial Corporation
Professionals
Cs: (EEW) Frances Menzer & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (SFCorp) Randolph F. Pistor II, Ann Arbor, MI. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Moriarty v. American General
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02816
Products
Insurance
Issue Date
2021-04-09
Situs St. Louis
State MO
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 granted his request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert J. Scafuri, Esq.
Broker-Dealers Named
American General Securities Incorporated
Professionals
Cs: (JEM) Erika Binnix & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (AGSInc) James V. Noblett, Advisor Group Incorporated, Jersey City, NJ. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Yoon v. Hennion & Walsh
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03141
Products
MuniSecs
Issue Date
2021-04-06
Situs Jersey City
State NJ
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 granted expungement of only customer complaint from his CRD record and is denied his request for expungement of another.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Louis H. Miron, Esq.
Broker-Dealers Named
Hennion & Walsh Incorporated
Professionals
Cs: (JTY) Jennifer Woods-Burke, Hennion & Walsh Incorporated, Parsippany, NJ. Rs: (H&WInc) Mitra E. Niknam, Parsippany, NJ. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Nessim v. Josephthal & Company
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03173
Products
NP
Issue Date
2021-04-07
Situs Jersey City
State NJ
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 rep is awarded expungement of a customer complaint from his CRD record.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert E. Anderson, Esq.
Broker-Dealers Named
Josephthal & Company Incorporated
Professionals
Cs: (MHN) Ross J. Kartez & Brian Passarelle, Ruskin Moscou Faltischek PC, Uniondale, NY. Rs: (J&CInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Saxauer v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02710
Products
Annuities
Issue Date
2021-04-08
Situs Las Vegas
State NV
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 a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Benjamin F. Breslauer
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (HJS) Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (LPLFLLC) Jon Kaplon, Boston, MA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Cooney v. Maxim Group
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01944
Products
Equity; DirectInvesmts; Warrants; Derivatives
Issue Date
2021-04-05
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
Claimant broker is granted expungement of three customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Ted M. Rosen, Esq.
Broker-Dealers Named
Maxim Group LLC; Hapoalim Securities USA Incorporated
Professionals
Cs: (PMC) Irwin Weltz, Weltz Kakos et al., Mineola, NY. Rs: (MGLLC) Ian H. Hummel, New York, NY. ISC. Rs: (HSUSAInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Feighan v. Ameriprise Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02847
Products
NP
Issue Date
2021-04-05
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
Claimant broker is granted his request for expungement of two customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Richard W. Cutler, Esq.
Broker-Dealers Named
Ameriprise Financial Services LLC
Professionals
Cs: (REF) Dochtor Kennedy & Chelsea Masters, Advisor Law LLC, Westminster, CO. Rs: (AFSLLC) Howard Klausmeier, Troy, MI. ISC.
TypeDisp
SmallClms
Allegation I
UnauthTdg
Short Caption
Kotzur v. Steward
Allegation II
Churning
Forum
FINRA
Allegation III
Suitability
Docket No
20-03759
Products
Equity
Issue Date
2021-04-09
Situs New York
State NY
Clmd Compensatory
4.2
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
In this small claims arbitration, a customer alleging unauthorized trading and churning against a Respondent broker loses his case.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code.
Arbitrators
Anna M. Fanelli, Esq.
Broker-Dealers Named
None.
Professionals
Cs: Pro se. Rs: (JJS) None.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Loper v. Edward Jones
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02585
Products
NP
Issue Date
2021-04-08
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
Claimant broker is awarded expungement of two customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
David A. Schuler
Broker-Dealers Named
Edward Jones
Professionals
Cs: (TCL) Chelsea Masters & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (EDJ&CLP) Jonathan W. Hackbarth, Quarles & Brady, Milwaukee, WI. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Hudson v. Edward D Jones
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03082
Products
NP
Issue Date
2021-04-07
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
Claimant broker is granted expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Jeffrey R. Jury
Broker-Dealers Named
Edward D Jones & Company Limited Partnership
Professionals
Cs: (JDH) Joelle A. Simms & Donald R. Littlefield, Bressler Amery & Ross, Dallas, TX. Rs: (EDJ&CLP) Teresa J. Thong, Keesal Young & Logan, Long Beach, CA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Baum v. Lehman Brothers
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02462
Products
NP
Issue Date
2021-04-09
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 a customer complaint from his CRD record.
Notes
PHL -- Involves bankruptcy.
Arbitrators
Richard W. Dissen, Esq.
Broker-Dealers Named
Lehman Brothers Incorporated
Professionals
Cs: (AEB) Frances Menzer & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (LBInc) Jeffrey S. Margolin, Hughes Hubbard & Reed, New York, NY. OSC.
TypeDisp
CustomerEmployee
Allegation I
Misreprestn
Short Caption
Buckner v. Meyer
Allegation II
BreachContract
Forum
FINRA
Allegation III
Docket No
20-03294
Products
Annuities
Issue Date
2021-04-07
Situs Nashville
State TN
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
Two customers voluntarily dismiss their claims against Respondent broker with prejudice involving the purchase of a MetLife annuity. Respondent broker is granted expungement of this matter from his CRD record.
Notes
Majority Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert G. Bannon - Chair; Eric Matthew Bittner; Joseph Charles Smolira, PhD
Broker-Dealers Named
None.
Professionals
Cs: Pro se. Rs: (DJM) Michael Naccarato, Wells Fargo Legal Department, St. Louis, MO.
TypeDisp
MemberEmployee
Allegation I
Raiding
Short Caption
Intrepid Financial v. Fernandez
Allegation II
TakingRecords
Forum
FINRA
Allegation III
InjunctiveRelief
Docket No
20-03878
Products
NP
Issue Date
2021-04-07
Situs Houston
State TX
Clmd Compensatory
0.0
Total Amt Awarded
675.0
Compensatory Awarded
0.0
Punitive Damage Awarded
0.0
Attorney Fees Awarded
656.6
* 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 raiding case, Claimant broker-dealer is granted a permanent injunction against its former employee involving Chesapeake Energy until 6/1/21 and is awarded attorney fees and costs pursuant to the Non-Competition and Confidentiality Agreement.
Notes
Big $s. PHL -- TRO GRANTED. Raiding case. Arbitrator Remarks.
Arbitrators
Linda A. Broocks, Esq. - Chair; Sherry R. Wetsch, Esq.; Marquita Daniella Green
Broker-Dealers Named
Intrepid Financial Partners LLC
Professionals
Cs: (IFPLLC) John Siegal & Tiffany A. Miao, Baker & Hostetler, New York, NY. OSC. Rs: (ACF) Daniel A. Schnapp, Nixon Peabody LLP, New York, NY and Tina B. Solis & Christina E. Kurow, Nixon Peabody LLP, Chicago, IL.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ely v. Infinex Investments
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02022
Products
Derivatives
Issue Date
2021-04-05
Situs Norfolk
State VA
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 granted his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Michael J. Ahlstrom, Esq.
Broker-Dealers Named
Infinex Investments Incorporated; BI Investments LLC
Professionals
Cs: (DME) Dochtor Kennedy & Michael O'Gara, AdvisorLaw LLC, Westminster, CO. Rs: (IIInc & BIILLC) Gregg J. Breitbart, Kaufman Dolowich & Voluck, Fort Lauderdale, FL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Manion v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01997
Products
NP
Issue Date
2021-04-10
Situs Milwaukee
State WI
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
Two brokers lose their requests for expungement of customer complaints from appearing on their respective CRD records.
Notes
None.
Arbitrators
Michael J. Meeusen, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (MJM & GWR) Jennifer P. Farrar, Farrar Law PLLC, Tomball, TX. Rs: (MLPFSInc) Joel M. Everest & Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
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