* 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 wrongful termination and seeking deferred compensation loses his claim against Respondent broker-dealer. Claimant broker also loses his request for Reformation of his Form U-5 record.
Notes
None.
People & Entities
Arbitrators
Dean J. Dietrich, Esq. - Chair; Ann Elizabeth Sarli; Mary H. Evans, JD
Broker-Dealers Named
Wells Fargo Advisors LLC
Professionals
Cs: (TJC) William R. Lindsley, Law Offices of W.R. Lindsley, Toledo, OH.
Rs: (WFALLC) Kevin J. Woods, White Woods LLP, San Francisco, CA. OSC.
* 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 provides extensive factual background as to why she has granted Claimant broker's request for expungement of a customer complaint appearing on his CRD record.
* 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 his CRD record. The request for expungement relates to a customer complaint in which the customer thought money was missing from his account.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Nanci Sondra Landy
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: (MV) None. Previously represented by: Michael T. Roche, Schuyler Roche & Chrisham, Chicago, IL until 6/24/19.
Rs: (JPMSLLC) Candice M. Capoziello & Jeffrey S. Dunlap, Ulmer & Berne, Cleveland, OH. OSC.
* 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 relating to his investment in cryptocurrency. Respondent broker is awarded expungement of this matter from his CRD record.
Notes
This is a Stipulated Award. Selling Away case. All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert G. Geeseman, Esq. - Chair; Linda M. Foster-Wells; Paul J. Burkhart
Broker-Dealers Named
Citigroup Global Markets Incorporated dba Citi Personal Wealth Management, a New York corporation
Professionals
Cs: David C. Silver, Silver Miller LLP, Coral Springs, FL.
Rs: (CGMInc & GPV) Scott W. Atherton & Jon A. Jacobson, Atherton McAuliffe & Reeder, West Palm Beach, FL. OSC.
* 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 and one arbitration case from his CRD record. The complaints involved investments in Unit Investment Trusts.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Carl Shechter, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (FT) Michelle M. Atlas, HLBS Law, Westminster, CO.
Rs: (WFCSLLC) Patricia E. Cowart, Wells Fargo Legal Department, Fort Lauderdale, 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."
Case Summary
An Arbitrator denies Claimant broker's request for expungement of a customer complaint from his CRD record involving a private placement in a limited liability company.
* 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 damages from Respondent broker-dealer on his unjust enrichment claim but is also held liable to said Respondent broker-dealer for damages relating to its Counterclaim for indemnification. Broker's claims against the named Respondent registered representatives are denied.
Notes
Rs Robert Bruce Fagenson, David Charles Levine, David Sean Rich and Glenn Charles Worman were not assessed any portion of the awarded amount. Rs National Securities Corporation was assessed. Set-Off Award. Arbitrator Remarks.
Arbitrators
Robert J. McDonnell - Chair; Marvin L. Schuldiner; Paul G. Garjian
Broker-Dealers Named
National Securities Corporation
Professionals
Cs: (GRS) John E. Lawlor, Attorney-at-Law, Mineola, NY.
Rs: (NSCorp, RBF, DCL, DSR & GCW) Richard Roth, The Roth Law Firm, 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."
Case Summary
A customer alleging fraud, breach of contract, and unsuitability, among other things, settles his claims against Respondent broker-dealer involving his investment in a municipal bond fund. Non-Parties brokers' request for expungement of this matter from their respective CRD records is denied.
Notes
This is a Stipulated Award. All-Public Panel.
Arbitrators
Robert R. Salman, Esq. - Chair; Fred S. Pieroni; Sidney Seligman
Broker-Dealers Named
HSBC Securities (USA) Incorporated
Professionals
Cs: Michael G. Rapaport, Erez Law PLLC, Miami, FL.
* 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 denied a broker's request for expungement of two customer complaints appearing on his CRD record, finding that said complaints were barred by the applicable six-year eligibility statute.
Notes
Arbitrator Remarks -- Explained Award.
Arbitrators
Jay Alan Kranis
Broker-Dealers Named
William Scott & Company LLC
Professionals
Cs: (JSG) Tosh D. Grebenik, FA Expungement LLC, Denver, CO.
Rs: (WS&CLLC) Robert Hess, Semper Flight LLC, Maywood, NJ. OSC.
* 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 are awarded nearly $5.7 million (inclusive of interest) in damages relating to alleged retaliation by Respondent broker-dealer in violation of Sarbanes-Oxley Act, 18 U.S.C. § 1514A. Said brokers are also held liable to Respondent broker-dealer for over $1 million in damages relating to the amounts due and owing on their respective promissory notes. Claimant brokers voluntarily dismissed their claims against the other named Respondent brokers.
Notes
Big $s. Rs Deutsche Bank AG, Haig Ariyan, Thomas Bowers and Brett Kellam were not assessed any portion of the awarded amount. Rs Deutsche Bank Securities Inc. was assessed. Set-Off Award. Whistleblowing case.
Arbitrators
Ted M. Rosen, Esq. - Chair; Mary Ellen Burns, Esq.; Philip Rachmelowitz, EA, Esq.
Broker-Dealers Named
Deutsche Bank Securities Incorporated; Deutsche Bank AG
Professionals
Cs: (CD & MF) Jeffrey Liddle, Liddle & Robinson, New York, NY.
Rs: (DBSInc, HA, TB, BK & DBnkAG) Cliff Fonstein & John T. DiNapoli, Seyfarth Shaw, 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."
Case Summary
An Arbitrator grants Claimant's request for a default judgment pursuant to Rule 12801 and holds one named Respondent broker liable to said customer for damages. Claimant voluntarily dismissed his claims against the other named Respondents in this matter with prejudice.
Notes
Rs Ronald G. Richer, Steven David Trigili, Scott Henry Sari, Raymond Edward Ambrosino, Kevin John DeRosa, Louis Lucky Perrotto, and Garden State Securities Inc. were not assessed any portion of the awarded amount. Rs Garland Sean James was assessed. Rule 12801 default judgment.
Arbitrators
Michael H. DuBoff, Esq.
Broker-Dealers Named
Garden State Securities Incorporated
Professionals
Cs: Jennifer Tarr, Cold Spring Advisory Group, New York, NY.
Rs: (RGR, SDT, SHS, REA, KJD, LLP & GSSInc) Robert I. Rabinowitz, Becker & Poliakoff, Red Bank, NJ. OSC.
* 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 is held liable to Claimant broker-dealer for the amounts due and owing pursuant to four promissory note agreements. Respondent broker loses his Counterclaim for discrimination.
Notes
Big $s. All-Public Panel. Gender Discrimination case. Arbitrator Remarks.
Arbitrators
David John Reilly - Chair; Matthew Fenster; Charles Platto
* 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 his claims against Respondent broker-dealer and brokers with prejudice and is held liable to said Respondents for attorney fees pursuant to CRT v. Steyn, Westlaw 2019, #2750457 and costs. Four named Respondent brokers are awarded expungement of this matter from their respective CRD records.
Notes
Arbitrator Remarks -- Expungement granted. Case law cited.
Arbitrators
Steven T. Stern, Esq.
Broker-Dealers Named
Joseph Gunnar & Company LLC
Professionals
Cs: Jennifer Tarr, Cold Spring Advisory Group, New York, NY.
Rs: (JG&CLLC, DLP, JAA, SFS & SAS) John E. Lawlor, Attorney-at-Law, Mineola, 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."
Case Summary
Respondent broker-dealer is held liable to a customer for over $500,000 in damages relating to said customer's investment in alleged unsuitable private placements that were part of a Ponzi scheme.
* 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 explains why it granted Respondent Broker-dealer's Motion for Directed Verdict with respect to the Claimant's case. Non-Party broker is granted expungement of this matter from his CRD record.
* 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 loses his claims against Respondent broker-dealer and broker relating to his investment in a OneAmerica annuity. Respondent broker wins expungement of this matter from his CRD record despite the objection of the customer.
Rs: (UBSFSInc) Igor V. Stadnik, Keesal Young & Logan, Seattle, WA. OSC.
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