ARBchek - Arbitrator Research Base

1. Carroll v. LPL Financial FINRA ID #22-00025 (Hartford, CT, 2023-02-24) – Claimant broker loses his request for reformation of his Form U5 record for his failure to appear at the hearing and meet his burden of proof and is held liable to Respondent broker-dealer for the amounts due and owing pursuant to a promissory note and representative agreement.

2. Garrette v. First Allied FINRA ID #22-00358 (Tampa, FL, 2023-02-14) – An All-Public Panel grants, without prejudice, Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 12206 (Six-year Eligibility Rule) finding that the date of purchase of the subject alternative investments occurred more than 6 years prior to the filing of the Statement of Claim.

3. Medeiros v. Centaurus Financial FINRA ID #22-01019 (Tampa, FL, 2023-02-22) – In this selling away case, two customers (Joint Tenants) alleging that they were led to believe the securities they were investing in were safe when in fact they were illiquid are awarded damages against a non-appearing broker. Said customers voluntarily dismissed with prejudice their claims against Respondent broker-dealer as their claims related to activities and sales that occurred outside Respondent broker's employment with Centaurus Financial.