Dispute Information Damages*
TypeDisp
CustomerMember
Allegation I
Misreprestn
Short Caption
Lupin v. JP Morgan
Allegation II
BreachFiducDty
Forum
FINRA
Allegation III
Negligence
Docket No
18-03255
Products
Annuities
Issue Date
2020-03-30
Situs Los Angeles
State CA
Clmd Compensatory
36.0
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 alleging elder abuse, among other things, settles her claims against Respondent broker-dealer and two brokers relating to the alleged surrender of an annuity with National Western Life Insurance Company and the purchase of two annuities with Symetra Life Insurance Company. Respondent broker is granted expungement of this matter from his CRD record.
Notes
This is a Stipulated Award. Majority Public Panel. Arbitrator Remarks -- Expungement granted.
People & Entities
Arbitrators
George L. Tindall - Chair; Annette Gres Shepherd; G. Thomas Fleming, III, Esq.
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: Adrienne R. Hahn, The Hahn Legal Group APC, El Segundo, CA. Rs: (JPMSLLC, PKS & CCS) Neal S. Robb & Cheryl Chang, Keesal Young & Logan, Long Beach, CA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Tremblay v. Centaurus Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02046
Products
Equity
Issue Date
2020-03-26
Situs Los Angeles
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 awarded expungement of a customer complaint and a FINRA arbitration from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Joyce L. Hurley
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
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Burkart v. Signator Investors
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02859
Products
VariableAnnuities; MutualFunds
Issue Date
2020-03-31
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 a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
John P. Cullem, Esq.
Broker-Dealers Named
Signator Investors Incorporated
Professionals
Cs: (KMB) Stephan Louviere, Wolper Law Firm PA, Plantation, FL. Rs: (SIInc) James V. Noblett, Advisor Group, Jersey City, NJ. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Covino v. VSR Financial
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
19-02511
Products
NP
Issue Date
2020-04-01
Situs Boise
State ID
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 reformation of his Form U5 record.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Craig Charles Beles, Esq.
Broker-Dealers Named
VSR Financial Services Incorporated
Professionals
Cs: (PCC) Erica Harris & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (VSRFSInc) Jeremy Carr, Cetera Financial Group, El Segundo, CA. ISC.
TypeDisp
EmployeeEmployee
Allegation I
Defamation
Short Caption
Aiguer v. McAvinn
Allegation II
Fraud
Forum
FINRA
Allegation III
IIED
Docket No
18-01930
Products
NP
Issue Date
2020-04-01
Situs Boston
State MA
Clmd Compensatory
3000.0
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 Panel granted Respondent broker's Motion for Directed Verdict finding that Claimant broker repeatedly lied under oath during his testimony relevant to the elements of the two remaining claims in this case.
Notes
This is a Modified Award. Directed Verdict -- Full Dismissal. Arbitrator Remarks.
Arbitrators
Sandor I. Rabkin, Esq. - Chair; Denise L. Presley, Esq.; Walter John Engels
Broker-Dealers Named
None.
Professionals
Cs: (DTA) Richard M. Gelb, Gelb & Gelb, Beverly, MA. Rs: (PJM) Jeffrey A. Sturgeon & Brandon J. Brigham, Morgan Lewis & Bockius, Philadelphia, PA.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Pinto v. MML Investors
Allegation II
Forum
FINRA
Allegation III
Docket No
19-01944
Products
MutualFunds; CDs
Issue Date
2020-04-02
Situs Boston
State MA
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 has granted Claimant broker's request for expungement of a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted. Explained Award.
Arbitrators
John Francis Markuns
Broker-Dealers Named
MML Investors Services LLC
Professionals
Cs: (GJP) Stephan Louviere, Wolper Law Firm PA, Plantation, FL. Rs: (MMLISLLC) William P. Thornton Jr., Stevens & Lee, Reading, PA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Hunt v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02861
Products
NP
Issue Date
2020-04-03
Situs Boston
State MA
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 a customer complaint from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert J. Ambrogi, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (THH) Dochtor Kennedy & Jessica Calloway, AdvisorLaw LLC, Westminster, CO. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Trower v. LPL Financial
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
18-01725
Products
Options
Issue Date
2020-04-03
Situs Newark
State NJ
Clmd Compensatory
5000.0
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 seeking $5 million in compensatory damages and alleging unsuitable investments settles his claims against two Respondent broker-dealers. Non-party broker is granted expungement of this matter from his CRD record. The customer's claims involved a hedging strategy.
Notes
This is a Stipulated Award. Rescission Requested. All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert E. Anderson, Esq. - Chair; Suzanne M. Carter, Esq.; Linda Frances Spiegel
Broker-Dealers Named
LPL Financial LLC; Moors & Cabot Incorporated
Professionals
Cs: Brian A. Carlis, Stark & Stark, Lawrenceville, NJ. Rs: (LPLFLLC) George D. Sullivan & Timothy E. Di Dormeniso, Greenberg Traurig LLP, New York, NY. OSC. Rs: (M&CInc) Robert A. Giacovas, Lazare Potter et al., New York, NY. OSC.
TypeDisp
CustomerMember
Allegation I
Supervision
Short Caption
Dubinett v. Merrill Lynch
Allegation II
Negligence
Forum
FINRA
Allegation III
BreachFiducDty
Docket No
18-04026
Products
Equity
Issue Date
2020-03-31
Situs Newark
State NJ
Clmd Compensatory
6000.0
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
Two customers alleging negligence and seeking $6 million in compensatory damages, settle their claims against Respondent broker-dealer relating to their investment in common stocks. Non-Party broker is awarded expungement of this matter from his CRD record.
Notes
This is a Stipulated Award. All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Louis H. Miron, Esq. - Chair; F. Peter Phillips, Esq.; Jonathan Proman
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: Lars Soreide, Soreide Law Group PLLC, Pompano Beach, FL. Rs: (MLPFSInc) David G. Buffa & Robert E. Goldberg, Bressler Amery & Ross, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Hennion v. Hennion & Walsh
Allegation II
Forum
FINRA
Allegation III
Docket No
19-03100
Products
MuniSecs
Issue Date
2020-04-03
Situs Newark
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 expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert E. Anderson, Esq.
Broker-Dealers Named
Hennion & Walsh Incorporated
Professionals
Cs: (WH) 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
Allan v. Windsor Street
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02186
Products
NP
Issue Date
2020-04-01
Situs New York
State NY
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 broker loses his request for expungement of two customer complaints from his CRD record.
Notes
None.
Arbitrators
Brian John Gallagher
Broker-Dealers Named
Windsor Street Capital Limited Partnership
Professionals
Cs: (NAA) Dochtor Kennedy & Jessica Calloway, AdvisorLaw LLC, Westminster, CO. Rs: (WSCLP) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Kolta v. National Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02228
Products
Equity; CorpDebt; REITs
Issue Date
2020-03-31
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 awards Claimant broker expungement of three customer complaints 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
National Securities Corporation
Professionals
Cs: (MSK) Tosh D. Grebenik, FA Expungement LLC, Denver, CO. Rs: (NSCorp) Emily Hayes, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ackerhalt v. Chase Investment
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02597
Products
MutualFunds
Issue Date
2020-04-02
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 three customer complaints from his CRD record.
Notes
Please Note * This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Expungement granted.
Arbitrators
Albert Rizzo
Broker-Dealers Named
Chase Investment Services Corporation
Professionals
Cs: (RA) Tosh D. Grebenik, FA Expungement LLC, Denver, CO. Rs: (CISCorp) Thomas J. Cahill, Duane Morris LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Azulay v. JP Morgan
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02995
Products
ARS
Issue Date
2020-04-03
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 grants Claimant broker's request for expungement of three customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Richard W. Vallario, Esq.
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: (BA) David E. Robbins, Kaufmann Gildin & Robbins, New York, NY. Rs: (JPMSLLC) Thomas J. Cahill, Duane Morris LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Tarjanyi v. Bankers Life
Allegation II
Forum
FINRA
Allegation III
Docket No
19-01362
Products
NP
Issue Date
2020-04-01
Situs Cincinnati
State OH
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 explains why he has denied 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 -- Explained Award.
Arbitrators
Joseph R. Soraghan, Esq.
Broker-Dealers Named
Bankers Life Securities Incorporated
Professionals
Cs: (ROT) Tosh Grebenik, FA Expungement LLC, Denver, CO. Rs: (BLSInc) Steven K. Huffer & Adam Cotter, S.K. Huffer & Associates PC, Carmel, IN. OSC.
TypeDisp
SmallClms
Allegation I
Misappropriatn
Short Caption
Mesaros v. Charles Schwab
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Docket No
19-02229
Products
NP
Issue Date
2020-04-02
Situs PP
State PP
Clmd Compensatory
30.0
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, an Arbitrator explains in detail why she has denied a customer's claims relating to an Individual Retirement Account (IRA).
Notes
Arbitrator Remarks -- Explained Award.
Arbitrators
Laura A. Kaster
Broker-Dealers Named
Charles Schwab & Company Incorporated
Professionals
Cs: Pro se. Rs: (CS&CInc) Brandon K. Hemley, San Francisco, CA. ISC.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Wells Fargo v. Carroll
Allegation II
BreachContract
Forum
FINRA
Allegation III
UnjustEnrichment
Docket No
19-03473
Products
PromissoryNote
Issue Date
2020-03-30
Situs PP
State PP
Clmd Compensatory
706.9
Total Amt Awarded
715.6
Compensatory Awarded
706.9
Punitive Damage Awarded
Attorney Fees Awarded
7.4
* 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 former employee is held liable to Claimant broker-dealer for over $700,000 in damages representing the amounts due and owing on a promissory note agreement.
Notes
Big $s. Arbitrator Remarks.
Arbitrators
James W. (Jim) Geiger
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (WFCSLLC) Thomas Lewis, Stevens & Lee, Lawrenceville, NJ. OSC. Rs: (KJC) No-show.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Wells Fargo v. Uribe
Allegation II
BreachContract
Forum
FINRA
Allegation III
Docket No
19-03609
Products
PromissoryNote
Issue Date
2020-04-03
Situs PP
State PP
Clmd Compensatory
464.3
Total Amt Awarded
468.5
Compensatory Awarded
464.3
Punitive Damage Awarded
Attorney Fees Awarded
4.2
* 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 registered representative is held liable to his former employer for the amounts due and owing on a promissory note.
Notes
Arbitrator Remarks.
Arbitrators
Raymond C. Kerr, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC dba Wells Fargo Advisors LLC
Professionals
Cs: (WFCSLLC) Jack D. Ballard & Mary Jo Cantu, Ballard & Littlefield, Houston, TX. OSC. Rs: (JU) No-show.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Wells Fargo v. Kleinmann
Allegation II
BreachContract
Forum
FINRA
Allegation III
UnjustEnrichment
Docket No
20-00118
Products
PromissoryNote
Issue Date
2020-04-03
Situs PP
State PP
Clmd Compensatory
276.4
Total Amt Awarded
276.4
Compensatory Awarded
276.4
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 non-appearing broker is held liable to Claimant broker-dealer for the amounts due and owing on three promissory notes.
Notes
None.
Arbitrators
Susan L. Walker, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC dba Wells Fargo Advisors LLC
Professionals
Cs: (WFCSLLC) Miles D. Hart & Kristine R. Thomson & Colleen M. Kwiatkowski, Saretsky Hart et al., Birmingham, MI. OSC. Rs: (CK) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Kramer v. BC Ziegler
Allegation II
Forum
FINRA
Allegation III
Docket No
19-02297
Products
CorpDebt
Issue Date
2020-03-30
Situs Milwaukee
State WI
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 four customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Leon Fox, JD
Broker-Dealers Named
BC Ziegler & Company
Professionals
Cs: (MAK) Michael O'Gara & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (BCZ&Co) Jonathan W. Hackbarth, Quarles & Brady, Milwaukee, WI. OSC.
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