Arbitrator Due Diligence

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View these summaries of just-released Awards, hot off the press, as well as some selected Awards of interest.

UPDATE: ARBchek UA 2026-008 SELECTED AWARDS OF INTEREST

1. Khezri v. Worden Capital FINRA ID #20-02308 (New York, NY, 2026-04-20) – A Panel dismisses (sua sponte) a broker's claims against Respondent broker-dealer (Respondent registered rep was discharged through bankruptcy) without prejudice for his failure to reply to several notices from FINRA and the Panel regarding the status of this arbitration as well as his abandonment of this case.

2. Stephens v. Charles Schwab FINRA ID #25-01838 (Houston, TX, 2026-04-27) – An Arbitrator explains in detail, why he has decided to dismiss (sua sponte), with prejudice, the customer's case as a sanction pursuant to FINRA Rule 12212(c) (Discovery) for his failure to comply, participate in, and/or adhere to the Arbitrator's scheduling Orders with respect to a hearing in this matter and for abandonment of his claims.

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