Dispute Information Damages*
TypeDisp
SmallClms
Allegation I
UnauthTdg
Short Caption
Wickwire v. TD Ameritrade
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Docket No
20-01050
Products
Equity
Issue Date
2020-11-05
Situs Anchorage
State AK
Clmd Compensatory
30.4
Total Amt Awarded
22.8
Compensatory Awarded
22.8
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
Respondent broker-dealer is held liable to a customer for compensatory damages relating to his investments in MFA Financial Inc., and Ford Motor Company to name a few.
Notes
Please Note* This case was administered under the Special Proceeding option for simplified cases.
People & Entities
Arbitrators
John J. Fitzpatrick, Jr., Esq.
Broker-Dealers Named
TD Ameritrade Clearing Incorporated
Professionals
Cs: Pro se through Thomas R. Wickwire, Attorney-at-Law, Fairbanks, AK. Rs: (TDACInc) Ilana H. Reid, TD Ameritrade, Columbia, MD. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Husby v. Ameriprise Financial
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-02169
Products
NP
Issue Date
2020-11-09
Situs Anchorage
State AK
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 her request for reformation of her Form U5 record.
Notes
Please Note* This matter proceeded pursuant to Rule 13800 of the Code.
Arbitrators
Dean J. Dietrich, Esq.
Broker-Dealers Named
Ameriprise Financial Services LLC; Raymond James Financial Services Incorporated
Professionals
Cs: (VKH) Christopher D. Warren, Warren Law Group, New York, NY. Rs: (AFSLLC) Howard M. Klausmeier, Troy, MI. ISC. Rs: (RJFSInc) Kevin M. Cuddy, Stoel Rives LLP, Anchorage, AK. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Leavitt v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
19-03707
Products
Annuities; Options
Issue Date
2020-11-12
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
Claimant broker is granted his request for expungement of a customer complaint and a FINRA arbitration case from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Helen Marinak Blohm, Esq. (fka Helen M. Marinak, Esq.)
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (SBL) Frances Menzer, HLBS Law, Westminster, CO. Rs: (MLPFSInc) Patrick J. Mulligan, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Power v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00119
Products
Derivatives; Equity; Options
Issue Date
2020-10-30
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 registered representative is granted his request for expungement of two FINRA arbitration cases and two 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
Erik R. Siering
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (TTP) Benjamin Winograd, HLBS Law, Westminster, CO. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Matthews v. Citigroup Global
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00718
Products
ARS; RealEstate
Issue Date
2020-11-10
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 granted Claimant broker's request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Philip Aaron Tymon, JD
Broker-Dealers Named
Citigroup Global Markets Incorporated
Professionals
Cs: (MGM) Benjamin Winograd, Of Counsel HLBS Law, Westminster, CO. Rs: (CGMInc) Adam M. Kauff & Lisa Lightbody, Kauff Laton Miller LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Fernandez v. Pacific Cornerstone
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00820
Products
DirectInvesmts
Issue Date
2020-11-06
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
Claimant broker is granted his request for expungement of two customer complaints from appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert D. Sussin, Esq.
Broker-Dealers Named
Pacific Cornerstone Capital Incorporated
Professionals
Cs: (EEF) Benjamin Winograd, HLBS Law, Westminster, CO. Rs: (PCCInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Tomlinson v. Wells Fargo
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01171
Products
NP
Issue Date
2020-11-04
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
An Arbitrator granted Claimant broker's request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert D. Sussin, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (RMT) Chelsea Masters, HLBS Law, Westminster, CO. Rs: (WFCSLLC) Judy Louie, Wells Fargo Legal Department, Los Angeles, CA. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Maier v. JP Morgan
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02373
Products
NP
Issue Date
2020-11-06
Situs San Francisco
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
A broker loses his request for expungement of an NASD Arbitration case and a FINRA Arbitration case from his CRD records.
Notes
None.
Arbitrators
Helen Marinak Blohm, Esq. (fka Helen M. Marinak, Esq.)
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: (KEM) David I. Hantman, Bressler Amery & Ross, New York, NY. Rs: (JPMSLLC) Samantha D. Parrish, Keesal Young & Logan, Long Beach, CA. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Finch v. Geneos Wealth Management
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00972
Products
NP
Issue Date
2020-10-21
Situs Denver
State CO
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 a customer complaint from appearing on his CRD record.
Notes
None.
Arbitrators
Frances Johnson-Wright, Esq.
Broker-Dealers Named
Geneos Wealth Management Incorporated
Professionals
Cs: (LPF) Frances Menzer, HLBS Law, Westminster, CO. Rs: (GWMInc) Victoria H. Buter, Kutak Rock LLP, Omaha, NE. OSC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Overall v. Fidelity Brokerage
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-00223
Products
NP
Issue Date
2020-11-04
Situs Orlando
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 grants without prejudice Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206(a) (Six-year Eligibility Rule for Industry Disputes).
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
Arbitrators
Thomas Joseph Atkinson, Sr., JD
Broker-Dealers Named
Fidelity Brokerage Services LLC
Professionals
Cs: (REO) Harris Freedman, HLBS Law, Westminster, CO. Rs: (FBSLLC) Stacey N. Schmidt, FMR LLC Legal Department, Boston, MA. ISC.
TypeDisp
SmallClms
Allegation I
Suitability
Short Caption
Fehr v. UBS Financial
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Docket No
20-01578
Products
MutualFunds; CorpDebt
Issue Date
2020-10-23
Situs Boca Raton
State FL
Clmd Compensatory
36.1
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 in detail why he has decided to deny a customer's claims against Respondent broker-dealer involving his investment in the bond funds OOSCX and FTSL. Non-Party broker is granted expungement of this matter from his CRD record.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Arbitrator Remarks -- Expungement granted. Explained Award.
Arbitrators
Will Murphy, Esq.
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: Pro se. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Powell v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-02659
Products
ARS
Issue Date
2020-11-06
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 his request for expungement of a customer complaint from appearing on his CRD record involving a customer's investment in auction rate securities.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Jeffry Mark Bauer, Esq.
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (MRP) David I. Hantman, Bressler Amery & Ross, New York, NY. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Greben v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00962
Products
VariableAnnuities
Issue Date
2020-10-26
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
Claimant broker wins his request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Richard E. Lauziere, CPA
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (VMG) Dochtor Kennedy & Benjamin Winograd, AdvisorLaw LLC, Westminster, CO. Rs: (LPLFLLC) Sara B. Davis, Boston, MA. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Scott v. JP Morgan
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
19-02502
Products
NP
Issue Date
2020-11-04
Situs Detroit
State MI
Clmd Compensatory
500.0
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 reformation of her Form U5 record.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Robert J. Scafuri, Esq. - Chair; Sandra Jo Baumchen; Nancy R. Papo
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: (VSS) None. Rs: (JPMSLLC) Jenny R. Goltz & Danielle Harris, Cozen O'Connor LLP, Chicago, IL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Boukamp v. Citigroup Global
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01031
Products
NP
Issue Date
2020-11-02
Situs Detroit
State MI
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 a customer complaint from his CRD record.
Notes
None.
Arbitrators
Jeffry Mark Bauer, Esq.
Broker-Dealers Named
Citigroup Global Markets Incorporated
Professionals
Cs: (JWB) Jonathan M. Sterling, Saretsky Hart et al., Birmingham, MI. Rs: (CGMInc) Adam Kauff & Lisa Lightbody, Kauff Laton Miller LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Boukamp v. Citigroup Global
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01033
Products
NP
Issue Date
2020-11-13
Situs Detroit
State MI
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 registered representative loses his request for expungement of a customer complaint from appearing on his CRD record.
Notes
None.
Arbitrators
Terrance J. Dorcy
Broker-Dealers Named
Citigroup Global Markets Incorporated
Professionals
Cs: Jonathan M. Sterling, Saretsky Hart et al., Birmingham, MI. Rs: (CGMInc) Adam M. Kauff & Lisa Lightbody, Kauff Laton Miller LLP, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Burklow v. Ameriprise Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
19-03816
Products
NP
Issue Date
2020-10-19
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
An Arbitrator grants Claimant broker's request for expungement of a customer complaint from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Micalyn S. Harris, Esq.
Broker-Dealers Named
Ameriprise Financial Services Incorporated
Professionals
Cs: (TMB) Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (AFSInc) Howard M. Klausmeier, Minneapolis, MN. ISC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Anbarasan v. Merrill Lynch
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
20-00600
Products
DirectInvesmts
Issue Date
2020-10-20
Situs Newark
State NJ
Clmd Compensatory
615.0
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 without prejudice pursuant to FINRA Rule 12206 (Six-year Eligibility Rule). The customer's claim involved his investment in the Urban Infrastructure Real Estate Partnership LP.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Rescission Requested. All-Public Panel. Arbitrator Remarks.
Arbitrators
Julian F. Santos, Esq. - Chair; Catherine Stewart, Esq.; James F. Rohrman
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: Jonathan E. Neuman, Law Offices of J.E. Neuman, Fresh Meadows, NY. Rs: (MLPFSInc) Regina Pepe Martorana & Melek Dunn, Bressler Amery & Ross, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Sheehan v. Investors Capital
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00903
Products
DirectInvesmts; RealEstate
Issue Date
2020-10-19
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 awarded expungement of four customer complaints from his appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Joan M. Traub, Esq.
Broker-Dealers Named
Investors Capital Corporation
Professionals
Cs: (WSS) Dochtor Kennedy & Frances Menzer, AdvisorLaw LLC, Westminster, CO. Rs: (ICCorp) David Feldstein, Cetera Financial Group, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Stevens v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01925
Products
NP
Issue Date
2020-11-09
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
A registered representative is granted 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
Joan M. Traub, Esq.
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (PS) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.
TypeDisp
CustomerMember
Allegation I
FailToObey
Short Caption
Magno v. Morgan Stanley
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Supervision
Docket No
15-03140
Products
MutualFunds
Issue Date
2020-10-30
Situs Syracuse
State NY
Clmd Compensatory
268.3
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
An All-Public Panel denies a customer's request for damages against Respondent broker-dealer and awards a Non-Party broker expungement of this matter from his CRD record.
Notes
All-Public Panel. Arbitrator Remarks -- Expungement granted.
Arbitrators
Karimu F. Hill-Harvey, Esq. - Chair; Robert E. Anderson, Esq.; Adam S. King
Broker-Dealers Named
Morgan Stanley
Professionals
Cs: Jonathan E. Neuman, Law Offices of J.E. Neuman, Fresh Meadows, NY. Rs: (MSSBLLC) Abigail Elrod & Ethan Weinberg, Morgan Stanley Wealth Management, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ahern v. Laidlaw & Company
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00503
Products
DirectInvesmts; Margin
Issue Date
2020-10-27
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 appearing on his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Howard D. Jacob, Esq.
Broker-Dealers Named
Laidlaw & Company (UK) Limited
Professionals
Cs: (JA) Michael Ference, Sichenzia Ross Ference LLP, New York, NY. Rs: (L&CUKLtd) Alex Shtaynberger, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Rose v. Merrill Lynch
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00830
Products
NP
Issue Date
2020-11-06
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
A registered representative is granted his 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
David I. Goldblatt, Esq.
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (MJR) Tosh Grebenik, FA Expungement LLC, Denver, CO. Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Kautz v. American Portfolios
Allegation II
Forum
FINRA
Allegation III
Docket No
20-01545
Products
MutualFunds
Issue Date
2020-10-30
Situs Buffalo
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
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.
Arbitrators
Tracy L. Allen, Esq.
Broker-Dealers Named
American Portfolios Financial Services Incorporated
Professionals
Cs: (DK) Robert Moses, RJM Counsel PLLC, New York, NY. Rs: (APFSInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Lattanzio v. Citizens Securities
Allegation II
Expungement(CRD)
Forum
FINRA
Allegation III
Defamation
Docket No
20-01601
Products
NP
Issue Date
2020-11-06
Situs Cleveland
State OH
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-dealers' Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes).
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
Arbitrators
Jonathan B. Gilbert, Esq.
Broker-Dealers Named
Citizens Securities Incorporated; Chase Investment Services Corporation
Professionals
Cs: (JLL) Nancy L. Hendrickson & Morgan K. Johnson, Kaufman Dolowich & Voluck LLP, Chicago, IL. Rs: (CSInc) Geoffrey W. Millsom & Brenna A. Force, Adler Pollock & Sheehan, Providence, RI. OSC. Rs: (CISCorp) Jeffrey S. Dunlap, Ulmer Berne LLP, Cleveland, OH. OSC and Adam R. Bennett, Ulmer & Berne LLP, Columbus, OH. OSC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Hamlin v. Raymond James
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
20-01364
Products
NP
Issue Date
2020-11-04
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
A broker grants Respondent broker-dealer's Pre-Hearing Motion to Dismiss without prejudice pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes) relating to Claimant's request for reformation of his Form U5 record.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
Arbitrators
David William Hickman, JD
Broker-Dealers Named
Raymond James Financial Services Incorporated
Professionals
Cs: (TBH) Dochtor Kennedy & Harris Freedman, AdvisorLaw LLC, Westminster, CO. Rs: (RJFSInc) Timothy W. Snider, Stoel Rives LLP, Portland, OR. OSC.
TypeDisp
CustomerMember
Allegation I
Suitability
Short Caption
Nevares Bengoechea v. Santander Securities
Allegation II
Misreprestn
Forum
FINRA
Allegation III
BreachContract
Docket No
19-02305
Products
MuniSecs
Issue Date
2020-10-29
Situs San Juan
State PR
Clmd Compensatory
300.0
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(a) of the Code (Six-year Eligibility Rule). The customer's claims involved the purchase of Puerto Rico closed-end bond funds.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Rescission Requested. All-Public Panel. Arbitrator Remarks -- Explained Award.
Arbitrators
Ronald Stephen Robins - Chair; David A. Schuler; Thomas Fred Meyer
Broker-Dealers Named
Santander Securities LLC
Professionals
Cs: Mohammad R. Nasereddin, Zamansky LLC, New York, NY. Rs: (SSLLC) Gabriel A. Miranda-Rivera, O'Neill & Borges, San Juan, PR. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Neuenschwander v. Sanders Morris
Allegation II
Forum
FINRA
Allegation III
Docket No
20-00901
Products
Annuities
Issue Date
2020-10-27
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
Claimant broker is awarded expungement of two customer complaints from his CRD record.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Lynne M. Gomez, Esq.
Broker-Dealers Named
Sanders Morris Harris Incorporated
Professionals
Cs: (JAN) Benjamin Winograd & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO. Rs: (SMHInc) Steve Mangold, Chartered Financial Consultant, Houston, TX. ISC.
TypeDisp
CustomerMember
Allegation I
UnauthTdg
Short Caption
Pitaud v. Mercer Global
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Suitability
Docket No
20-00017
Products
Equity
Issue Date
2020-10-29
Situs Richmond
State VA
Clmd Compensatory
220.0
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 All-Public Panel granted Respondent broker-dealer's Motion for Directed Verdict pursuant to FINRA Rule 12504 (not involved with the security, product, or account in dispute) after finding that said Respondent broker-dealer did not have a fiduciary relationship with the customer.
Notes
Directed Verdict -- Full Dismissal. All-Public Panel. Arbitrator Remarks.
Arbitrators
James W. (Jim) Geiger - Chair; Joseph J. Dougherty, JD; Geoffrey A. Drucker
Broker-Dealers Named
Mercer Global Advisors Incorporated; TD Ameritrade Incorporated
Professionals
Cs: Pro se. Rs: (TDAInc) Amanda H. Wright, Omaha, NE. ISC. Rs: (MGAInc) No-show. -- Did not voluntarily submit to arbitration.
TypeDisp
SmallClms
Allegation I
Negligence
Short Caption
Pratico v. Questar Capital
Allegation II
BreachFiducDty
Forum
FINRA
Allegation III
Supervision
Docket No
20-00430
Products
DirectInvesmts
Issue Date
2020-11-06
Situs Montpelier
State VT
Clmd Compensatory
24.0
Total Amt Awarded
24.0
Compensatory Awarded
24.0
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 Arbitrator holds Respondent broker solely liable to a customer for compensatory damages relating to her investment in Future Income Payments LLC. Respondent broker-dealer is found not liable on the claims of the customer.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Rs Questar Capital Corporation was not assessed any portion of the awarded amount. Rs Louis Maurice Olave was assessed.
Arbitrators
Louis H. Miron, Esq.
Broker-Dealers Named
Questar Capital Corporation
Professionals
Cs: Jason J. Kane, Peiffer Wolf et al., Pittsford, NY. Rs: (QCCorp) Mark S. Enslin, Ballard Spahr LLP, Minneapolis, MN. OSC. Rs: (LMO) Christopher T. Roach, Roach Ruprecht et al., Portland, ME.
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