UPDATE: ARBchek

Dispute Information

Damages*

TypeDisp MemberEmployee				Allegation I LoanDefault
Short Caption Wells Fargo v. Seybert				Allegation II BreachContract
Forum FINRA				Allegation III
Docket No		12-02261		Products PromissoryNote
Issue Date		2019-07-09
Situs	Phoenix	State	AZ

Clmd Compensatory	52.3
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

Although the parties entered into a tentative Settlement Agreement, an Arbitrator dismisses Claimant broker-dealer's and Respondent broker's claims and Counterclaims with prejudice for failure to prosecute and/or respond to the Arbitrator's numerous inquiries regarding the status of this case.

Notes

Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks -- Explained Award.

People & Entities

Arbitrators

Richard D. Fincher, Esq.

Broker-Dealers Named

Wells Fargo Advisors LLC

Professionals

Cs: (WFALLC) John G. McDonald, McGuire Woods LLP, Charlotte, NC. OSC.
Rs: (ALS) None.

TypeDisp SmallClms				Allegation I UnauthTdg
Short Caption Nwaisser v. TD Ameritrade				Allegation II Misreprestn
Forum FINRA				Allegation III Supervision
Docket No		18-03034		Products Equity; Options; Futures; Margin
Issue Date		2019-07-11
Situs	Los Angeles	State	CA

Clmd Compensatory	10.5
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

Two customers alleging unauthorized trading and elder abuse regarding their investments in Time Warner call options, futures and common stocks, lose their claims against Respondent broker-dealer.

Notes

None.

Arbitrators

Thomas E. Shuck, Esq.

Broker-Dealers Named

TD Ameritrade Incorporated

Professionals

Cs: Gerard Martorano, G. Martorano Attorney-at-Law, Pacific Palisades, CA.
Rs: (TDAInc) Ilana Herscovitz Reid, Columbia, MD. ISC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Bare v. Securities America				Allegation II
Forum FINRA				Allegation III
Docket No		19-00211		Products DirectInvesmts
Issue Date		2019-07-10
Situs	Wilmington	State	DE

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

Claimant broker is awarded expungement of a FINRA Arbitration, Case Number 11-01288 from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted. According to BrokerCheck, the underlying arbitration claim, was settled for $555,865.39 on a claim of $1.318 million as par of the 2011-2012 Medical Capital global settlement.

Arbitrators

Louis H. Miron, Esq. - Chair; Ellen F. Kandell; John Michael Derderian, Jr.

Broker-Dealers Named

Securities America Incorporated

Professionals

Cs: (RDB) Elaine Rice, Wiand Guerra King PA, Tampa, FL.
Rs: (SAInc) Tyler Schubauer, LaVista, NE. ISC.

TypeDisp CustomerMember				Allegation I Churning
Short Caption Edmondson v. Alexander Capital				Allegation II BreachFiducDty
Forum FINRA				Allegation III Markups
Docket No		17-03364		Products *
Issue Date		2019-07-10
Situs	Orlando	State	FL

Clmd Compensatory	46.0
Total Amt Awarded	46.0
Compensatory Awarded	46.0
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

This Award offers the unusual combination of a single Arbitrator, appointed under the default judgment procedures of Rule 12801, granting the customer's request for a default judgment, while also awarding attorney fees against the customer as a monetary sanction relating to discovery.

Notes

Sanctions imposed. Rs Alexander Capital LP, Rocco Gerard Guidicipietro, Michelle Ann Misiti, Andrew Patrick Murino, Jeanpaul Charles Skovronck, John Owen Slipek, David Anthony Spratt and Timothy Stack were not assessed any portion of the awarded amount. Rs Rocco Roveccio was assessed. Panel composition issue. Rule 12801 default judgment.

Arbitrators

Kenrick Albert Pratt

Broker-Dealers Named

Alexander Capital Limited Partnership

Professionals

Cs: Steven G. Legum, Attorney-at-Law, Mineola, NY.
Rs: (ACLP, RGG, MAM, APM, JCS, JOS, DAS & TS) Martin P. Unger & Ian J. Frimet, Wexler Burkhart et al., Garden City, NY. OSC.
Rs: (RR) No-show.

TypeDisp CustomerMember				Allegation I Suitability
Short Caption Imperia v. Wells Fargo				Allegation II Misreprestn
Forum FINRA				Allegation III Supervision
Docket No		18-00215		Products MuniSecs
Issue Date		2019-07-10
Situs	Miami	State	FL

Clmd Compensatory	0.0
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 involving an alleged speculative and unsuitable strategy concentrating in Puerto Rico bonds causing them to suffer substantial economic damages. Non-Party broker is awarded expungement.

Notes

This is a Stipulated Award. Clrg BD dispute. All-Public Panel. Arbitrator Remarks -- Expungement granted. According to BrokerCheck, this matter settled for $250,000.

Arbitrators

Sidney J. Wartel, JD - Chair; Marsha Matson, PhD; Stanley Zamor

Broker-Dealers Named

Wells Fargo Clearing Services LLC

Professionals

Cs: Jeffrey Erez, Erez Law PLLC, Miami, FL.
Rs: (WFCSLLC) Patricia E. Cowart, Wells Fargo Law Department, Fort Lauderdale, FL. ISC.

TypeDisp EmployeeMember				Allegation I Reformation(U-5)
Short Caption Mendez-Morales v. Allstate Financial				Allegation II Defamation
Forum FINRA				Allegation III Compensatn
Docket No		18-01308		Products NP
Issue Date		2019-07-11
Situs	Orlando	State	FL

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

A broker alleging that he was improperly terminated and seeking compensation and Reformation of his Form U-5 record, loses his claims against Respondent broker-dealer. One Arbitrator dissents with respect to the award.

Notes

Arbitrator Remarks -- Arbitrator dissents without explanation.

Arbitrators

Robert G. Bannon - Chair; Dwayne Eddie Hickman, Sr.; Larry G. Kjosa, PhD (Dissents)

Broker-Dealers Named

Allstate Financial Services LLC

Professionals

Cs: (WM) Philip J. Snyderburn, Snyderburn Rishoi & Swann, Maitland, FL.
Rs: (AFSLLC) Peter J. Tepley, Rumberger Kirk & Caldwell, Birmingham, AL. OSC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Springer v. UBS Financial				Allegation II
Forum FINRA				Allegation III
Docket No		18-01851		Products NP
Issue Date		2019-07-08
Situs	Tampa	State	FL

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

Claimant broker is awarded expungement of 11 customer complaints from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Richard J. Fuller, CPA - Chair; James Mathieu; Sharon Lee Chernin

Broker-Dealers Named

UBS Financial Services Incorporated

Professionals

Cs: (JLS) Craig D. Stein & Nisha Wright, Stein & Stein, Palm Beach, FL.
Rs: (UBSFSInc) Lloyd B. Chinn, Proskauer Rose LLP, New York, NY. OSC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Alayo-Riera v. Morgan Stanley				Allegation II
Forum FINRA				Allegation III
Docket No		18-03468		Products NP
Issue Date		2019-07-12
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

A registered representative is granted expungement of three customer complaints appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Monica I. Salis, Esq.

Broker-Dealers Named

Morgan Stanley Smith Barney LLC

Professionals

Cs: (LJA) Joshua A. Katz, Sallah Astarita & Cox, Boca Raton, FL.
Rs: (MSSBLLC) Christopher M. Sacco, St. Petersburg, FL. ISC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Garnett v. LPL Financial				Allegation II
Forum FINRA				Allegation III
Docket No		19-00089		Products Annuities
Issue Date		2019-07-08
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

An Arbitrator awards a broker expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Thomas J. Patka, Esq.

Broker-Dealers Named

LPL Financial LLC

Professionals

Cs: (WBG) Harris M. Freedman, HLBS Law, Westminster, CO.
Rs: (LPLFLLC) Brian P. Harlan, San Diego, CA. ISC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Garnett v. Merrill Lynch				Allegation II
Forum FINRA				Allegation III
Docket No		19-00090		Products Annuities; Equity
Issue Date		2019-07-09
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 three customer complaints appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Martin M. Van Luven

Broker-Dealers Named

Merrill Lynch Pierce Fenner & Smith Incorporated

Professionals

Cs: (WBG) Harris Freedman, HLBS Law, Westminster, CO.
Rs: (MLPFSInc) Joel M. Everest, Bressler Amery & Ross, Birmingham, AL. OSC.

TypeDisp SmallClms				Allegation I UnauthTdg
Short Caption Caillett v. Edward Jones				Allegation II Misreprestn
Forum FINRA				Allegation III
Docket No		18-01828		Products MutualFunds; Equity
Issue Date		2019-07-08
Situs	New Orleans	State	LA

Clmd Compensatory	32.0
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

Three customers alleging unauthorized trading with respect to their investment in Franklin Templeton and the American Funds-New Perspective Fund, to name a few, lose their claims against Respondent broker-dealer and two brokers. Respondent broker is awarded expungement of this matter from his CRD record over the objection of Claimants.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Mark A. Myers, Esq.

Broker-Dealers Named

Edward Jones

Professionals

Cs: Pro se.
Rs: (EJ&CLP, DPN & HFR) Darren Goodman, Tempe, AZ. ISC.

TypeDisp EmployeeMember				Allegation I BreachContract
Short Caption McCrory v. RBC Capital				Allegation II UnjustEnrichment
Forum FINRA				Allegation III TortiousInterference
Docket No		18-00816		Products NP
Issue Date		2019-07-09
Situs	Baltimore	State	MD

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 Panel explains in detail why it granted Respondents Motion for Directed Verdict after finding that Claimant broker failed to present sufficient evidence on a key point.

Notes

Directed Verdict -- Full Dismissal. Arbitrator Remarks -- Explained Award.

Arbitrators

Steven Irving Platt - Chair; Andrew Eliot Finkel; Jonathan David Rogers

Broker-Dealers Named

RBC Capital Markets LLC

Professionals

Cs: (JFM) John H. West III, West & West, Baltimore, MD.
Rs: (RBCCMLLC & TKM) Carole G. Miller & Justin E. Condit, Bressler Amery & Ross, Florham Park, NJ. OSC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Clarke v. Morgan Stanley				Allegation II
Forum FINRA				Allegation III
Docket No		18-02860		Products VariableAnnuities
Issue Date		2019-07-09
Situs	Baltimore	State	MD

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 three customer complaints appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Richard E. Lauziere, CPA

Broker-Dealers Named

Morgan Stanley DW Incorporated

Professionals

Cs: (FEC) Robert W. Pearce, R.W. Pearce PA, Boca Raton, FL.
Rs: (MSDWInc) Joseph A. Sack, New York, NY. ISC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Juge v. Corecap Investments				Allegation II
Forum FINRA				Allegation III
Docket No		18-03638		Products Annuities
Issue Date		2019-07-11
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 her CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Dwane Edward Vickstrom

Broker-Dealers Named

Corecap Investments Incorporated; Financial West Group

Professionals

Cs: (MAJ) Tosh D. Grebenik, FA Expungement LLC, Denver, CO.
Rs: (CIInc) Judith A. Villarreal, Southfield, MI. ISC.
Rs: (FWGp) No-show.

TypeDisp MemberEmployee				Allegation I LoanDefault
Short Caption Wells Fargo v. Armer				Allegation II BreachContract
Forum FINRA				Allegation III
Docket No		16-02348		Products PromissoryNote
Issue Date		2019-07-11
Situs	Albuquerque	State	NM

Clmd Compensatory	99.3
Total Amt Awarded	Equity
Compensatory Awarded	Equity
Punitive Damage Awarded
Attorney Fees Awarded	Equity
* 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 and Respondent broker enter into a Settlement Agreement resolving the amounts due and owing on a Promissory Note.

Notes

This is a Stipulated Award. Arbitrator Remarks.

Arbitrators

John H. Fearnow

Broker-Dealers Named

Wells Fargo Advisors LLC

Professionals

Cs: (WFALLC) Charles A. Hammaker, Ballard & Littlefield, Houston, TX. OSC.
Rs: (JDA) None.

TypeDisp EmployeeMember				Allegation I Compensatn
Short Caption DeGennaro v. Ameriprise Financial				Allegation II BreachContract
Forum FINRA				Allegation III
Docket No		17-01654		Products NP
Issue Date		2019-07-08
Situs	New York	State	NY

Clmd Compensatory	30.8
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 breach of contract and wage theft loses her claim against Respondent broker-dealer and Respondent broker.

Notes

None.

Arbitrators

John D. Nagy - Chair; Ellyn S. Roth; Mariane A. Liebowitz

Broker-Dealers Named

Ameriprise Financial Services Incorporated

Professionals

Cs: (MGD) Kristen N. Sinnott, Dell & Dean, Garden City, NY.
Rs: (AFSInc) Sydney H. Crowder, Minneapolis, MN. ISC.
Rs: (BCV) Steven E. Losquadro, S.C. Losquadro PC, Rocky Point, NY.

TypeDisp MemberCustomer				Allegation I Expungement(CRD)
Short Caption Neuberger Berman v. Mintz				Allegation II
Forum FINRA				Allegation III
Docket No		18-04246		Products NP
Issue Date		2019-07-08
Situs	New York	State	NY

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

Claimant broker-dealer's and broker's request for expungement of a customer complaint appearing on said broker's CRD record is granted by the Panel.

Notes

Arbitrator Remarks -- Expungement granted. According to BrokerCheck, the underlying customer dispute sought damages of $56,373.43 and was settled for $15,363.

Arbitrators

David S. Billet, Esq. - Chair; Wayne I. Harris; Linda Yarden, Esq.

Broker-Dealers Named

Neuberger Berman BD LLC

Professionals

Cs: (NBBDLLC & SJS) Victor A. Machcinski Jr., Murphy & McGonigle, New York, NY. OSC.
Rs: Kearey Wan, Stearns Weaver et al., Miami, FL.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Rubin v. Equity Services				Allegation II
Forum FINRA				Allegation III
Docket No		18-04283		Products MutualFunds
Issue Date		2019-07-11
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

Claimant broker is awarded expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Madelon M. Rosenfeld, Esq.

Broker-Dealers Named

Equity Services Incorporated

Professionals

Cs: (MGR) Christopher Cummings, AdvisorLaw LLC, Westminster, CO.
Rs: (ESInc) Jennifer O'Shea, Winget Spadafora Schwartzberg LLP, Boulder, CO. OSC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption King v. Purshe Kaplan				Allegation II
Forum FINRA				Allegation III
Docket No		19-00399		Products Equity
Issue Date		2019-07-11
Situs	Albany	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 awarded expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted. According to BrokerCheck, the customer complaint sought $27,888 and was settled by the firm for $9,000.

Arbitrators

David R. Foley, Esq.

Broker-Dealers Named

Purshe Kaplan Sterling Investments

Professionals

Cs: (LEK) Mark T. Walsh, Gleason Dunn et al., Albany, NY.
Rs: (PKSInvmts) David M. Purcell, Albany, NY. ISC.

TypeDisp EmployeeMember				Allegation I Expungement(CRD)
Short Caption Walker v. Edward Jones				Allegation II
Forum FINRA				Allegation III
Docket No		18-04242		Products NP
Issue Date		2019-07-08
Situs	Portland	State	OR

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 why he awarded a broker expungement of a customer complaint appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted. Explained Award.

Arbitrators

Philip Aaron Tymon, JD

Broker-Dealers Named

Edward Jones

Professionals

Cs: (TAW) Matthew Wolper Wolper Law Firm PA, Plantation, FL.
Rs: (EDJ&CLP) Paul A. Yarns, Associate General Counsel, St. Louis, MO. ISC.

TypeDisp SmallClms				Allegation I Suitability
Short Caption Deane v. Regev				Allegation II BreachFiducDty
Forum FINRA				Allegation III
Docket No		19-00219		Products Annuities
Issue Date		2019-07-10
Situs	PP	State	PP

Clmd Compensatory	50.0
Total Amt Awarded	5.0
Compensatory Awarded	5.0
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 wins her claim against Respondent broker relating to the recommendation and Claimant's purchase of an income rider to a Transamerica annuity. Respondent's request for expungement of this matter from his CRD record is denied.

Notes

None.

Arbitrators

Joseph R. Soraghan, Esq.

Broker-Dealers Named

None.

Professionals

Cs: Pro se.
Rs: (NR) None.

TypeDisp MemberEmployee				Allegation I LoanDefault
Short Caption Morgan Stanley v. Cederfranco				Allegation II BreachContract
Forum FINRA				Allegation III
Docket No		19-00262		Products PromissoryNote
Issue Date		2019-07-11
Situs	PP	State	PP

Clmd Compensatory	386.4
Total Amt Awarded	388.4
Compensatory Awarded	386.4
Punitive Damage Awarded
Attorney Fees Awarded	2.0
* 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 is held liable to Claimant broker-dealers for the amount due and owing on a promissory note.

Notes

Arbitrator Remarks.

Arbitrators

Sanford S. Stevens, Esq.

Broker-Dealers Named

Morgan Stanley Smith Barney FA Notes Holdings LLC; Morgan Stanley

Professionals

Cs: (MSSBLLC & MSSBFANHLLC) Robert L. Herskovits, Herskovits PLLC, New York, NY. OSC.
Rs: (RC) None.

TypeDisp SmallClms				Allegation I UnauthTdg
Short Caption Lilien v. Kolta				Allegation II Suitability
Forum FINRA				Allegation III BreachContract
Docket No		19-00525		Products *
Issue Date		2019-07-08
Situs	PP	State	PP

Clmd Compensatory	25.0
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

In this small claims case, a customer alleging unauthorized trading among other things, loses her claim against Respondent broker.

Notes

None.

Arbitrators

Cheryl H. Agris, PhD

Broker-Dealers Named

None.

Professionals

Cs: Pro se.
Rs: (MSK) Paul A. Lieberman, Scarinici Hollenbeck LLP, Red Bank, NJ.

TypeDisp MemberEmployee				Allegation I LoanDefault
Short Caption Morgan Stanley v. Rodman				Allegation II BreachContract
Forum FINRA				Allegation III
Docket No		19-00894		Products PromissoryNotes
Issue Date		2019-07-12
Situs	PP	State	PP

Clmd Compensatory	340.6
Total Amt Awarded	357.1
Compensatory Awarded	340.6
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 broker is held liable to Claimant broker-dealer for the amounts due and owing on 7 promissory notes.

Notes

Arbitrator Remarks.

Arbitrators

Barth Satuloff, CPA

Broker-Dealers Named

Morgan Stanley Smith Barney FA Notes Holdings LLC; Morgan Stanley Smith Barney LLC

Professionals

Cs: (MSSBLLC & MSSBFANHLLC) Lauren R. Whetstone, Greenberg Traurig LLP, West Palm Beach, FL. OSC.
Rs: (SR) No-show.

TypeDisp CustomerMember				Allegation I Suitability
Short Caption Mudafort v. UBS Financial				Allegation II Misreprestn
Forum FINRA				Allegation III BreachFiducDty
Docket No		17-02676		Products MuniSecs; MutualFunds
Issue Date		2019-07-12
Situs	San Juan	State	PR

Clmd Compensatory	12057.9
Total Amt Awarded	4881.2
Compensatory Awarded	4813.2
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 group of customers are awarded nearly $5 million in damages from Respondent broker-dealers relating to their investments in Puerto Rico bonds. Arbitrator Chair dissents with respect to amount of money awarded to the customers.

Notes

Big $s. All-Public Panel. Arbitrator Remarks -- Arbitrator dissents with explanation.

Arbitrators

Douglas Earl McLaren, Esq. - Chair (Dissents); Lynne Townsend Albert, Esq.; Robert G. Falbisaner

Broker-Dealers Named

UBS Financial Services Incorporated of Puerto Rico; UBS Financial Services Incorporated

Professionals

Cs: W. Scott Greco, Greco & Greco, McLean, VA. and Luis E. Minana, Espada Minana & Pedrosa Law Offices, San Juan, PR. and Eric Quetglas Jordan, Quetglas Law, San Juan, PR.
Rs: (UBSFSInc & UBSFSIncPR) Edwin Zipf & Bradley Rounsaville & Louis F. Mendez, Bressler Amery & Ross, Birmingham, AL. OSC. and Roberto C. Quinones-Rivera, McConnell Valdes LLC, San Juan, PR. OSC.

TypeDisp CustomerMember				Allegation I Misreprestn
Short Caption Rensch v. H. Beck				Allegation II BreachContract
Forum FINRA				Allegation III Negligence
Docket No		18-02485		Products Annuities
Issue Date		2019-07-11
Situs	Salt Lake City	State	UT

Clmd Compensatory	75.3
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

A customer alleging that he incurred surrender charges with respect to his purchase of a Jackson National Life Annuity loses his claim against Respondent broker-dealer and broker. Respondent broker loses his Counterclaim for defamation against customer.

Notes

All-Public Panel.

Arbitrators

Barbara M. Anscher, Esq. - Chair; Donald Neil Tolin; Richard Marc Weinroth, Esq.

Broker-Dealers Named

H Beck Incorporated

Professionals

Cs: David Neuman & Aaron Israels, Israels & Neuman, Seattle, WA.
Rs: (HBInc) Richard A. D'Amura, D'Amura & Zaidman, West Hollywood, CA. OSC.
Rs: (TJH) Dochtor Kennedy & Erica Harris, AdvisorLaw LLC, Broomfield, CO.

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Dispute Information

Damages*

TypeDisp

Allegation I

Short Caption

Allegation II

Forum

Allegation III

Docket No

Products

Issue Date

Situs

State

Clmd Compensatory

Total Amt Awarded

Compensatory Awarded

Punitive Damage Awarded

Attorney Fees Awarded

Case Summary

Notes

People & Entities

Arbitrators

Broker-Dealers Named

Professionals

TypeDisp

Allegation I

Short Caption

Allegation II

Forum

Allegation III

Docket No

Products

Issue Date

Situs

State

Clmd Compensatory

Total Amt Awarded

Compensatory Awarded

Punitive Damage Awarded

Attorney Fees Awarded

Case Summary

Notes

Arbitrators

Broker-Dealers Named

Professionals

TypeDisp

Allegation I

Short Caption

Allegation II

Forum

Allegation III

Docket No

Products

Issue Date

Situs

State

Clmd Compensatory

Total Amt Awarded

Compensatory Awarded

Punitive Damage Awarded

Attorney Fees Awarded

Case Summary

Notes

Arbitrators

Broker-Dealers Named

Professionals

TypeDisp

Allegation I

Short Caption

Allegation II

Forum

Allegation III

Docket No