ARBchek - Arbitrator Research Base

1. Van Dierendonk v. ProEquities Incorporated FINRA ID #19-02711 (Phoenix, AZ, 2020-08-14) – Claimants settle their claims against Respondent broker-dealers leaving Respondent broker solely liable for nearly $500,000 in damages inclusive of $100,000 in punitive damages. Respondent broker is also held liable to one named broker-dealer on its Cross-Claim for indemnification.

2. O'Grady v. RM Stark FINRA ID #19-00968 (Boca Raton, FL, 2020-08-14) – A customer settles her claims against Respondent broker-dealer regarding Respondent broker's recommendation to transfer a portion of her retirement assets from her variable annuities account to Capstone Financial, a company owned and controlled by said broker. Respondent broker is order to indemnify Respondent broker-dealer stemming from the settlement with the customer.

3. Ritota v. Inman FINRA ID #20-00888 (Boca Raton, FL, 2020-08-11) – In this small claims arbitration, a customer loses his case against two Respondent brokers after alleging he was unable to perform trades at the outset of the Coronavirus pandemic outbreak after he deposited a 3000 share stock certificate into his account.