Dispute Information Damages*
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Glenn v. United Planners' Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01516
Products
DirectInvesmts; RealEstate
Issue Date
2021-03-09
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
A broker is granted his request for expungement of a customer complaint 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.
People & Entities
Arbitrators
Sally G. Williams
Broker-Dealers Named
United Planners' Financial Services of America, A Limited Partnership
Professionals
Cs: (JDG) Zachary T. Hayes-Macaluso, FA Expungement LLC, Denver, CO. Rs: (UPFSALP) Joseph Zachary, Scottsdale, AZ. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Lenihan v. TCFG Wealth Management
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-01919
Products
NP
Issue Date
2021-03-08
Situs Los Angeles
State CA
Clmd Compensatory
2.8
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 reformation of defamatory information from appearing on his Form U5 record. Said representative loses his request for damages relating to his compensation claim.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Sandra L. Malek, Esq.
Broker-Dealers Named
TCFG Wealth Management LLC
Professionals
Cs: (WOL) None. Rs: (TCFGWMLLC) Deetra Tesla, Laguna Niguel, CA. ISC.
TypeDisp
SmallClms
Allegation I
BreachContract
Short Caption
Sami v. Interactive Brokers
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02897
Products
NP
Issue Date
2021-03-08
Situs Los Angeles
State CA
Clmd Compensatory
4.3
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, an Arbitrator explains in detail why he has decided to deny a customer's case against Respondent broker-dealer finding said case to be without merit. The customer's case involved the use of debit and credit cards to purchase gift cards.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Explained Award.
Arbitrators
Kirtley M. Thiesmeyer, Esq.
Broker-Dealers Named
Interactive Brokers LLC
Professionals
Cs: Pro se. Rs: (IBLLC) Katherine L. Schuerman, Washington, DC. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Tremblay v. Centaurus Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02988
Products
NP
Issue Date
2021-03-11
Situs Los Angeles
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
Claimant broker loses his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases.
Arbitrators
Edith N. Dinneen, Esq.
Broker-Dealers Named
Centaurus Financial Incorporated
Professionals
Cs: (TNT) Bentley P. Stansbury III, Keesal Young & Logan, Long Beach, CA. Rs: (CFInc) Michael West, Anaheim, CA. ISC.
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
Friesen Trust v. UBS Financial
Allegation II
Negligence
Forum
FINRA
Allegation III
BreachFiducDty
Docket No
19-03790
Products
Options
Issue Date
2021-03-08
Situs Denver
State CO
Clmd Compensatory
0.0
Total Amt Awarded
1044.3
Compensatory Awarded
1044.3
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
Respondent broker-dealer is held liable to two customer trusts for over $1 million in compensatory damages relating to their investment in the UBS Yield Enhancement Strategy program. A Non-Party broker loses his request for expungement of this matter from his CRD record.
Notes
Big $s. All-Public Panel.
Arbitrators
Leonard M. Goldstein - Chair; Charles G. Michaels, Esq.; Henry R. Cox, JD
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: Alan C. Friedberg, Berg Hill et al., Boulder, CO. Rs: (UBSFSInc) Christian T. Kemnitz & Patrick Smith, Katten Muchin Rosenman LLP, Chicago, IL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Shoffner v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01903
Products
MutualFunds
Issue Date
2021-03-12
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
An Arbitrator grants Claimant broker's request for 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
Anita Rae Shapiro, Esq.
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (JPS) Zachary T. Hayes-Macaluso, FA Expungement LLC, Denver, CO. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Uribe v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02869
Products
NP
Issue Date
2021-03-09
Situs Washington
State DC
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 awarded expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Douglas Earl McLaren, Esq.
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (DOU) N. Nancy Ghabai, Ghabai Law Group LLC, Boston, MA. Rs: (LPLFLLC) Sara B. Davis, Boston, MA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Girgis v. Ameriprise Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02374
Products
NP
Issue Date
2021-03-11
Situs Wilmington
State DE
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 her request for expungement of a customer complaint from appearing on her CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
John James McGovern, Jr., Esq.
Broker-Dealers Named
Ameriprise Financial Services LLC
Professionals
Cs: (CMG) Dochtor Kennedy & Chelsea Masters, AdvisorLaw LLC, Westminster, CO. Rs: (AFSLLC) Howard Klausmeier, Minneapolis, MN. ISC.
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
Johnston v. UBS Financial
Allegation II
Supervision
Forum
FINRA
Allegation III
Negligence
Docket No
19-01535
Products
Options
Issue Date
2021-03-12
Situs Boca Raton
State FL
Clmd Compensatory
620.0
Total Amt Awarded
0.0
Compensatory Awarded
0.0
Punitive Damage Awarded
0.0
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 gross negligence and negligent misrepresentation with respect to the purchase of a Yield Enhancement Strategy loses his case against Respondent broker-dealer. Non-Party broker is granted expungement of this matter from his CRD record despite the objection of said customer.
Notes
All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Richard Carl Smukler - Chair; James W. Geiger, Esq.; Thomas Richard Blake
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: Jeffrey B. Kaplan & Simon Lassel, Dimond Kaplan & Rothstein, Miami, FL. Rs: (UBSFSInc) Anthony J. Borrelli, Riker Danzig et al., Morristown, NJ. OSC and David L. Goldberg, Katten Muchin Rosenman LLP, New York, NY. OSC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Godown v. LPL Financial
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
19-03803
Products
VariableAnnuities
Issue Date
2021-03-10
Situs Tampa
State FL
Clmd Compensatory
100.0
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 customer voluntarily withdraws with prejudice her claims against Respondent broker-dealer involving the purchase of variable annuities. Non-Party registered representative is awarded expungement of this matter from his CRD record.
Notes
All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Karimu F. Hill-Harvey, Esq. - Chair; Natalie L. Paskiewicz, Esq.; Jason Paul Ramos
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: Bradford M. Gucciardo, Gucciardo Law Group PA, Lakewood Ranch, FL. Rs: (LPLFLLC) Thomas F. Barnett, Boston, MA. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Braune v. Brickell Global
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-01887
Products
NP
Issue Date
2021-03-09
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 granted his request for reformation of his Form U5 record but loses his request for nominal damages.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
David P. Slater, Esq.
Broker-Dealers Named
Brickell Global Markets Incorporated
Professionals
Cs: (ASB) Harris Freedman, Of Counsel, HLBS Law, Westminster, CO. Rs: (BGMInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Lerner v. Oppenheimer & Company
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01981
Products
MuniSecs
Issue Date
2021-03-12
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 a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Carl Shechter, Esq.
Broker-Dealers Named
Oppenheimer & Company Incorporated
Professionals
Cs: (AML) Cory S. Zadanosky, Zadanosky & Associates, Boca Raton, FL. Rs: (O&CInc) Justin D. Dickinson, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Swaine v. Morgan Stanley
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02024
Products
NP
Issue Date
2021-03-11
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 explains in great detail why he has decided to grant a broker's request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted. Explained Award.
Arbitrators
Seth L. Finkel, Esq.
Broker-Dealers Named
Morgan Stanley
Professionals
Cs: (JWS) Robert Wayne Pearce, R.W. Pearce PA, Boca Raton, FL. Rs: (MSSBLLC) Jeremy S. Winer, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Lloyd v. Cetera Advisors
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02525
Products
VariableAnnuities
Issue Date
2021-03-12
Situs Tampa
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 complaints from her CRD record involving customers investments in variable annuities.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Thomas J. Patka, Esq.
Broker-Dealers Named
Cetera Advisors LLC; Investors Capital Corporation
Professionals
Cs: (MML) Stephan Louviere, Louviere Law Firm, Pompano Beach, FL. Rs: (CALLC & ICCorp) David Feldstein, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Porter v. Morgan Stanley
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03063
Products
Equity; ETFs
Issue Date
2021-03-08
Situs Jacksonville
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 complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Richard S. Zaifert, Esq.
Broker-Dealers Named
Morgan Stanley
Professionals
Cs: (JEP) David I. Hantman, Bressler Amery & Ross, New York, NY. Rs: (MSSBLLC) Jeremy S. Winer, Morgan Stanley, New York, NY. ISC.
TypeDisp
SmallClms
Allegation I
MarginLiqdn
Short Caption
Sadur v. E*Trade Securities
Allegation II
FailToObey
Forum
FINRA
Allegation III
BestExecution
Docket No
20-03832
Products
Options; Margin
Issue Date
2021-03-08
Situs Chicago
State IL
Clmd Compensatory
38.6
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 Consolidated Small Claims Award, a customer alleging that Respondent broker-dealer failed to comply with his request for more time to monitor his options positions and sold his positions thus resulting in a margin call, loses his case.
Notes
This is a Consolidated Award. Please Note* This matter proceeded pursuant to Rule 12800 of the Code.
Arbitrators
Gregory G. Gocek
Broker-Dealers Named
E*Trade Securities LLC
Professionals
Cs: Pro se. Rs: (ETSLLC) Meredith Hoffman, Roseville, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Arnold v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03035
Products
Equity; CDs
Issue Date
2021-03-11
Situs Louisville
State KY
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 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
James A. McIntosh
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (AWA) Brian Luther, FA Expungement LLC, Denver, CO. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Bynum v. Next Financial
Allegation II
Supervision
Forum
FINRA
Allegation III
BreachContract
Docket No
17-02966
Products
DirectInvesmts; HedgeFunds; REITs
Issue Date
2021-03-11
Situs Boston
State MA
Clmd Compensatory
900.0
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
A customer settles his claims against Respondent broker-dealer and broker involving investments in hedge funds and REITs. Respondent broker loses his request for expungement of this matter from appearing on his CRD record.
Notes
This is a Stipulated Award. Panel composition issue. Majority Public Panel.
Arbitrators
Gene M. Bauer, Esq. - Chair; Amy Lampert
Broker-Dealers Named
Next Financial Group Incorporated
Professionals
Cs: Pro se. Previously represented by: Richard M. Gelb, Gelb & Gelb, Beverly, MA until 12/22/20. Rs: (NFGInc & SAD) Steven N. Fuller, Markun Zusman et al., Wellesley, MA. OSC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Polonsky v. Fidelity Brokerage
Allegation II
Supervision
Forum
FINRA
Allegation III
Docket No
19-00007
Products
MutualFunds
Issue Date
2021-03-09
Situs Boston
State MA
Clmd Compensatory
0.0
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
An All-Public Panel denies two customers' claims against Respondent broker-dealer involving their investments in Fidelity Select Biotechnology Fund and Fidelity Select Health Care Fund.
Notes
All-Public Panel.
Arbitrators
Samuel Harrison Chorches, Esq. - Chair; Robert E. Anderson, Esq.; Denise L. Presley, Esq.
Broker-Dealers Named
Fidelity Brokerage Services LLC
Professionals
Cs: Alexander Aron Flig, Law Office of A.A. Flig, Canton, MA. Rs: (FBSLLC) Joel M. Everest, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Boukamp v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01824
Products
NP
Issue Date
2021-03-09
Situs Detroit
State MI
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
Kevin R. Zehe
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (JWB) Jonathan M. Sterling, Saretsky Hart et al., Birmingham, MI. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ketel v. Citizens Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02210
Products
NP
Issue Date
2021-03-10
Situs Manchester
State NH
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 her request for expungement of a customer complaint from appearing on her CRD record as it was opposed by Respondent.
Notes
None.
Arbitrators
Patricia Gatto Hechavarria, Esq.
Broker-Dealers Named
Citizens Securities Incorporated
Professionals
Cs: (BMK) None. Rs: (CSInc) William K. Wray Jr. & Geoffrey W. Millsom, Adler Pollock & Sheehan, Providence, RI. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Leventhal v. Hennion & Walsh
Allegation II
Forum
FINRA
Allegation III
Docket No
20-03159
Products
MuniSecs
Issue Date
2021-03-08
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
Claimant broker is granted her request for expungement of a customer complaint from appearing on her CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Paul Allan Massaro
Broker-Dealers Named
Hennion & Walsh Incorporated
Professionals
Cs: (RCL) 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
Large v. National Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01572
Products
Equity
Issue Date
2021-03-11
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
An Arbitrator granted a broker's request for 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
Clive I. Morrick
Broker-Dealers Named
National Securities Corporation
Professionals
Cs: (RJL) Tosh Grebenik, Judex Law LLC, Broomfield, CO. Rs: (NSCorp) Fred N. Knopf & Emily Hayes, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Smith v. Morgan Stanley
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02064
Products
Equity
Issue Date
2021-03-08
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
An Arbitrator awarded Claimant broker expungement of two customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
John F. Duane, Esq.
Broker-Dealers Named
Morgan Stanley DW Incorporated
Professionals
Cs: (DBS) Benjamin Winograd & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MSDWInc) Jeff Palmer, Greenberg Traurig LLP, East Palo Alto, CA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Camp v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02727
Products
Equity
Issue Date
2021-03-10
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 three customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Susan A. Romano
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (REC) Benjamin Winograd & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Cogliano v. New England Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02745
Products
NP
Issue Date
2021-03-12
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
A registered is granted his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Louis P. Wagman
Broker-Dealers Named
New England Securities Corporation
Professionals
Cs: (BRC) Dochtor Kennedy & Kurt Zimmerman, AdvisorLaw LLC, Westminster, CO. Rs: (NESCorp) Martin Harris, Harris & Affiliates Limited, Chicago, IL. OSC.
TypeDisp
CustomerMember
Allegation I
Fraud
Short Caption
Elden Limited v. Pershing LLC
Allegation II
Misreprestn
Forum
FINRA
Allegation III
BreachFiducDty
Docket No
19-03356
Products
CDs
Issue Date
2021-03-12
Situs Houston
State TX
Clmd Compensatory
7988.6
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 group of customers seeking over $7 million in damages relating to an alleged Ponzi scheme involving CDs, lose their claims against Respondent broker-dealer.
Notes
Clrg BD dispute. All-Public Panel.
Arbitrators
Allan R. Lazor, Esq. - Chair; Joshua Charles Nelson-Archer; Denise Ereka Peterson
Broker-Dealers Named
Pershing LLC
Professionals
Cs: Michael J. Stanley, Stanley Law PC, Houston, TX and Sam Edwards & David Miller, Shepherd Smith et al., Houston, TX. Rs: (PLLC) Thomas M. Farrell, McGuireWoods LLP, Houston, TX. OSC and Jeffrey J. Chapman, McGuireWoods LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Drolet v. Mutual of Omaha
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-02393
Products
NP
Issue Date
2021-03-11
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
Claimant registered representative is granted his request for reformation of defamatory information appearing on his Form U5 record.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Robert J. Gregory
Broker-Dealers Named
Mutual of Omaha Investor Services Incorporated
Professionals
Cs: (BDD) Kurt Zimmerman & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MOISInc) Trenten P. Bausch & Adam W. Barney, Cline Williams et al., Omaha, NE. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Crockett v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02409
Products
Equity; GovtSecs
Issue Date
2021-03-08
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 registered representative is granted her request for expungement of two customer complaints from her CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert J. Gregory
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (DFC) Michael O'Gara & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Patrick J. Mulligan, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Emanuelson v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02615
Products
NP
Issue Date
2021-03-11
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
Claimant broker is granted expungement of five customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
David A. Schuler
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (DHE) Harris Freedman & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Joelle A. Simms, Bressler Amery & Ross, Dallas, TX. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Larochelle v. Cetera Advisors LLC
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02900
Products
REITs
Issue Date
2021-03-11
Situs Houston
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 registered representative wins his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Lynne M. Gomez, Esq.
Broker-Dealers Named
Cetera Advisors LLC; First Allied Securities Incorporated
Professionals
Cs: (CKL) Erika Binnix & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (CALLC) No-show. Rs: (FASInc) David Feldstein, Cetera Financial Group, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Plemons v. US Bancorp
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02770
Products
NP
Issue Date
2021-03-09
Situs Seattle
State WA
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 pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes) regarding Claimant broker's request for expungement of a customer complaint from appearing on his CRD record.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
Arbitrators
Robert M. Stein, Esq.
Broker-Dealers Named
US Bancorp Investments Incorporated
Professionals
Cs: (JWP) Dochtor Kennedy & Harris Freedman, AdvisorLaw LLC, Westminster, CO. Rs: (USBIInc) Edward B. Magarian & Trevor Brown, Dorsey & Whitney, Minneapolis, MN. OSC.
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