ARBchek - Arbitrator Research Base

1. Matzner v. Robinhood Financial FINRA ID #23-03227 (San Diego, CA, 2024-11-04) – An All-Public Panel grants Respondent broker-dealer's Motion to Dismiss (Directed Verdict) with prejudice pursuant to FINRA Rule 12504(b) after finding that Claimant failed to meet his burden of proof. Respondent broker-dealer prevails on its Counterclaim relating to an unpaid debit balance in Claimant's securities account.

2. Collins v. RBC Capital FINRA ID #20-02507 (Minneapolis, MN, 2024-10-30) – In this Big $s Award, a broker is awarded over $9 million in damages (inclusive of $2 million in punitive damages) from her former employer after the Panel found Respondent broker-dealer liable on her statutory employment discrimination claims pursuant to Minn. Stat. §363A.02 subd. 1(a)(a). Claimant's case stems from allegations that Respondent broker-dealer wrongfully terminated her due to gender and age as she was nearing retirement.

3. Maddox v. Wefunder Portal FINRA ID #24-01314 (Albuquerque, NM, 2024-10-30) – In this small claims arbitration, a crowdfunding investor seeking a refund of his investment in Cityzenith loses his case after the Arbitrator found that the deadline to request a refund from Respondent expired and his investment was transferred to the crowdfunding recipient.

4. Sala-Colon v. Pariter Wealth Management FINRA ID #24-00002 (San Juan, PR, 2024-11-04) – A two customers (Individually and on behalf of their Conjugal Partnership and Retirement Plan) alleging elder abuse among other allegations and seeking $9.5 million in damages as well as rescission of their investment lose their case against Respondents on statute of limitations grounds pursuant to FINRA Rule 12206(a) (Six-year Eligibility Rule).