Dispute Information Damages*
TypeDisp
CustomerMember
Allegation I
BreachFiducDty
Short Caption
Buabeng v. Morgan Stanley
Allegation II
Supervision
Forum
FINRA
Allegation III
Negligence
Docket No
22-02405
Products
Equity; Margin; Hypothecation
Issue Date
2024-03-20
Situs San Francisco
State CA
Clmd Compensatory
3484.3
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 denies a customer's case after finding that Respondent broker-dealer's agent did not breach any fiduciary duty owed, that there is no liability against Respondent's agent, and that a failure to supervise did not occur as Respondent maintained and enforced a proper system of internal controls. Non-Party broker wins expungement of this matter from his CRD record despite the objection of the customer.
Notes
All-Public Panel. Arbitrator Remarks -- Expungement granted.
People & Entities
Arbitrators
Lawrence R. Mills - Chair; Mary Kathleen Mackey; Anna Arcellana Matheson
Broker-Dealers Named
Morgan Stanley
Professionals
Cs: Robert K. Savage & Alfred Villoch III & Brenda M. Combs, Savage Villoch Law, Tampa, FL. Rs: (MSSBLLC) Joseph C. Coates III & Jeffrey Palmer, Greenberg Traurig PA, West Palm Beach, FL. OSC.
TypeDisp
CustomerMember
Allegation I
UnauthTdg
Short Caption
Yu v. Interactive Brokers
Allegation II
Misreprestn
Forum
FINRA
Allegation III
Negligence
Docket No
23-00196
Products
Equity; Options
Issue Date
2024-03-26
Situs San Francisco
State CA
Clmd Compensatory
718.2
Total Amt Awarded
1490.6
Compensatory Awarded
718.2
Punitive Damage Awarded
200.0
Attorney Fees Awarded
417.5
* 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 customer is nearly awarded $1.5 million in damages (inclusive of $200,000 in punitive damages pursuant to case law) with respect to his unauthorized trading claim regarding the sale of his investments in SPXL and TQQQ stock.
Notes
Big $s. Punitive Damages Awarded. All-Public Panel. Arbitrator Remarks -- Case law cited. Arbitrator dissents without explanation.
Arbitrators
Ann Elizabeth Sarli - Chair; Vivian L. Kral, Esq. (Dissents); Philip Aaron Tymon, JD
Broker-Dealers Named
Interactive Brokers LLC
Professionals
Cs: Kamal Ghali, Chaiken Ghali LLP, Atlanta, GA and Megan Cambre, Bondurant Mixson & Elmore LLP, Atlanta, GA. Rs: (IBLLC) Jason O. Billy & Carlos E. Provencio & Daniel A. Spector, Washington, DC. ISC.
TypeDisp
SmallClms
Allegation I
Misreprestn
Short Caption
He v. Charles Schwab
Allegation II
BreachFiducDty
Forum
FINRA
Allegation III
Supervision
Docket No
23-01369
Products
GovtSecs
Issue Date
2024-03-21
Situs San Francisco
State CA
Clmd Compensatory
10.3
Total Amt Awarded
10.3
Compensatory Awarded
10.3
Punitive Damage Awarded
0.0
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
In this small claims arbitration, a customer is awarded compensatory damages relating to her purchase of United States Treasury Bills.
Notes
None.
Arbitrators
Mitchell S. Ostwald, Esq.
Broker-Dealers Named
Charles Schwab & Company Incorporated
Professionals
Cs: Pro se, through Evan Wallitt. Rs: (CS&CInc) Christopher A. Stecher & Gabriel Lee-Sanchez, Keesal Young & Logan, San Francisco, CA. OSC.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Wells Fargo v. Rikhye
Allegation II
BreachContract
Forum
FINRA
Allegation III
UnjustEnrichment
Docket No
23-03433
Products
PromissoryNote
Issue Date
2024-03-19
Situs San Francisco
State CA
Clmd Compensatory
177.7
Total Amt Awarded
177.7
Compensatory Awarded
177.7
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
A non-appearing broker is held liable for the amounts due and owing on two promissory note agreements he executed as part of his employment with Claimant broker-dealer.
Notes
Arbitrator Remarks.
Arbitrators
Herb Schwartz
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (WFCSLLC) Teresa J. Thong & William Montgomery, Keesal Young & Logan, Long Beach, CA. OSC. Rs: (SR) None.
TypeDisp
MemberEmployee
Allegation I
LoanDefault
Short Caption
Wells Fargo v. Lee
Allegation II
BreachContract
Forum
FINRA
Allegation III
UnjustEnrichment
Docket No
24-00032
Products
PromissoryNote
Issue Date
2024-03-26
Situs San Francisco
State CA
Clmd Compensatory
502.6
Total Amt Awarded
502.6
Compensatory Awarded
502.6
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
A non-appearing registered rep is held liable to Claimant broker-dealer for the amount due and owing pursuant to a promissory note agreement he executed as part of his employment.
Notes
Big $s.
Arbitrators
Helen Marinak Blohm, Esq. (fka Helen M. Marinak, Esq.)
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (WFCSLLC) Teresa J. Thong, Keesal Young & Logan, Long Beach, CA. OSC. Rs: (JYL) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Singer v. Kovack Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02622
Products
Annuities
Issue Date
2024-03-20
Situs Boca Raton
State FL
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 Panel awards a broker expungement of a customer complaint from his CRD record involving the purchase of fixed annuities.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Morton S. Bunis, Esq. - Chair; Martin I. Jaffe; Jack Stein, Esq.
Broker-Dealers Named
Kovack Securities Incorporated
Professionals
Cs: (KES) Adam D. Palmer, Palmer Law, Boca Raton, FL. Rs: (KSInc) Amy S. Towle, Fort Lauderdale, FL. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Fried v. Morgan Stanley
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02704
Products
NP
Issue Date
2024-03-20
Situs Boca Raton
State FL
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 awards Claimant registered representative expungement of a customer complaint from his CRD record after finding said request met all three criteria under FINRA Rule 2080.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Barry David Thorpe, Esq. (fka Barry K. Thorpe, Esq.)
Broker-Dealers Named
Morgan Stanley
Professionals
Cs: (TAF) Randi Perry Spallina, Bressler Amery & Ross PC, Fort Lauderdale, FL. Rs: (MSSBLLC) Gina Shlaferman, St. Petersburg, FL. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Meyer v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01418
Products
NP
Issue Date
2024-03-25
Situs Atlanta
State GA
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 awards Claimant broker expungement of a customer complaint from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Harvey R. Linder, Esq.
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (SCM) Harris Freedman & Dochtor Kennedy, AdvisorLaw LLC, Broomfield, CO. Rs: (LPLFLLC) Eleonora Yonge, Vice President Associate General Counsel, San Diego, CA. ISC.
TypeDisp
SmallClms
Allegation I
UnauthTdg
Short Caption
Huseynov v. Charles Schwab
Allegation II
Forum
FINRA
Allegation III
Docket No
23-03104
Products
Options
Issue Date
2024-03-21
Situs Chicago
State IL
Clmd Compensatory
50.0
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
In this small claims arbitration, a customer loses his case for unauthorized trading and is held liable on Respondent broker-dealer's Counterclaim for damages relating to a debit balance in his account.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. The customer requested a hearing.
Arbitrators
James F. Carlson, Esq.
Broker-Dealers Named
Charles Schwab & Company Incorporated
Professionals
Cs: Pro se. Rs: (CS&CInc) Joseph L. Siders, Chicago, IL. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Cantrell v. Securian Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01285
Products
Equity; LifeInsurance
Issue Date
2024-03-19
Situs New Orleans
State LA
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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
Pursuant to the stipulation of the parties, a single Arbitrator awards Claimant broker expungement of a customer complaint from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
David A. Schuler
Broker-Dealers Named
Securian Financial Services Incorporated
Professionals
Cs: (JSC) Alexander Padla & Dochtor Kennedy, AdvisorLaw LLC, Broomfield, CO. Rs: (SFSInc) Beth Wiederholt, Assistant General Counsel, Securian Financial Group, St. Paul, MN. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ochoa Garcia v. Santander Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02937
Products
NP
Issue Date
2024-03-25
Situs Boston
State MA
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 provides detail and explains why he has awarded four brokers expungement of three or four customer complaints from each of their respective CRD records.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted. Explained Award.
Arbitrators
Howard N. Gorney
Broker-Dealers Named
Santander Securities LLC
Professionals
Cs: (DAOG, CLBR, LEBR & FGF) David I. Hantman, Bressler Amery & Ross, New York, NY. Rs: (SSLLC) Sara L. Velez Santiago, Pietrantoni Mendez & Alvarez, San Juan, PR. OSC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
McWalter v. Morgan Stanley
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
22-00735
Products
NP
Issue Date
2024-03-27
Situs New York
State NY
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
Broker loses his request for reformation of alleged defamatory information from his Form U5 record.
Notes
None.
Arbitrators
Ted M. Rosen, Esq.
Broker-Dealers Named
Morgan Stanley & Company LLC
Professionals
Cs: (PMM) William Bean & Owen Harnett, HLBS Law, Westminster, CO. Rs: (MS&CLLC) Sean J. Coughlin, Bressler Amery & Ross, New York, NY. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Rice v. Lehman Brothers
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01491
Products
NP
Issue Date
2024-03-29
Situs New York
State NY
Clmd Compensatory
Equity
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 why he has decided to deny a broker's request for expungement of three customer complaints from his CRD finding that said complaints were filed more than 30 years ago and that he failed to make his case under Rule 2080.
Notes
Panel composition issue. Arbitrator Remarks.
Arbitrators
Peter E. Gillespie
Broker-Dealers Named
Lehman Brothers Incorporated
Professionals
Cs: (MYR) Chelsea Bauer, HLBS Law, Broomfield, CO. Rs: (LBInc) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Crespo v. NewBridge Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01537
Products
NP
Issue Date
2024-03-22
Situs New York
State NY
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 awards a broker expungement of two customer complaints from his CRD record after finding said complaints to be false.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Steven Gary Leventhal
Broker-Dealers Named
NewBridge Securities Corporation
Professionals
Cs: (HC) Michael H. Ference & Thomas P. McEvoy, Sichenzia Ross Ference LLP, New York, NY. Rs: (NBSCorp) Gregg J. Breitbart, Kaufman Dolowich & Voluck LLP, Fort Lauderdale, FL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Crespo v. NewBridge Securities
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01538
Products
Equity
Issue Date
2024-03-22
Situs New York
State NY
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Gerald M. Levine
Broker-Dealers Named
NewBridge Securities Corporation
Professionals
Cs: (HC) Michael H. Ference & Thomas P. McEvoy, Sichenzia Ross Ference LLP, New York, NY. Rs: (NBSCorp) Gregg J. Breitbart, Kaufman Dolowich & Voluck LLP, Fort Lauderdale, FL. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Parmigiani v. Allied Millennial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02041
Products
NP
Issue Date
2024-03-28
Situs New York
State NY
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 three customer complaints from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Michael H. DuBoff, Esq.
Broker-Dealers Named
Allied Millennial Partners LLC
Professionals
Cs: (JLP) Irwin Weltz, Weltz Kakos et al., Carle Place, NY. Rs: (AMPLLC) Kay Johnson, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Crothers v. American Portfolios
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02197
Products
NP
Issue Date
2024-03-21
Situs New York
State NY
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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
Broker wins expungement of a customer complaint from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
John Franklin Udochi
Broker-Dealers Named
American Portfolios Financial Services Incorporated
Professionals
Cs: (RTC) Robert Moses, RJM Counsel PLLC, New York, NY. Rs: (APFSInc) Craig Vollono, Holbrook, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Reformation(U-5)
Short Caption
Suarez-Murias v. Auriga USA
Allegation II
Defamation
Forum
FINRA
Allegation III
Docket No
23-02729
Products
NP
Issue Date
2024-03-26
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 reformation of defamatory information from appearing on his Form U5 record.
Notes
Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Madelon M. Rosenfeld, Esq.
Broker-Dealers Named
Auriga USA LLC
Professionals
Cs: (CES) Peter Lindholm & Owen Hartnett, HLBS Law, Broomfield, CO. Rs: (AUSALLC) No-show.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ferland v. Wells Fargo
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01609
Products
NP
Issue Date
2024-03-22
Situs Cincinnati
State OH
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 Panel denies Claimant broker's request for expungement of two customer complaints from appearing on her CRD record.
Notes
None.
Arbitrators
Barry Goldman, Esq. - Chair; John G. Banner; Kyle Eugene Higgason
Broker-Dealers Named
Wells Fargo Advisors Financial Network fka AG Edwards & Sons Incorporated
Professionals
Cs: (DAF) Louis H. Miron, Attorney-at-Law, Cranford, NJ. Rs: (WFAFNLLC) Jeffery D. Rodgers Jr., Wells Fargo Law Department, St. Louis, MO. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Maynard v. Cambridge Investment
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02802
Products
NP
Issue Date
2024-03-28
Situs Cincinnati
State OH
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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
Registered Rep wins expungement of a customer complaint from his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Joseph V. Simeri, JD
Broker-Dealers Named
Cambridge Investment Research Incorporated
Professionals
Cs: (EAM) Peter Lindholm & Dochtor Kennedy, AdvisorLaw LLC, Broomfield, CO. Rs: (CIRInc) Kristina J. Branstetter, Fairfield, IA. ISC.
TypeDisp
SmallClms
Allegation I
Misreprestn
Short Caption
Harnish v. National Securities
Allegation II
Negligence
Forum
FINRA
Allegation III
BreachContract
Docket No
23-01030
Products
REITs
Issue Date
2024-03-28
Situs Philadelphia
State PA
Clmd Compensatory
35.0
Total Amt Awarded
0.0
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
In this small claims arbitration, an Arbitrator denies two customers' case against Respondent broker-dealer after finding they failed to present a prima facie case or any evidence to support their allegations of misconduct in relation to the two REIT investments.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Arbitrator Remarks.
Arbitrators
Gregory Hunter Mathews
Broker-Dealers Named
National Securities Corporation
Professionals
Cs: Michael S. Hill & Gary S. Menzer, Menzer & Hill, Boca Raton, FL. Rs: (NSCorp) Fred N. Knopf & Emily A. Hayes & Joe Galinskie, B. Riley Financial, New York, NY. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Aguayo Diaz v. UBS Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01621
Products
MuniSecs; EqOptions
Issue Date
2024-03-20
Situs San Juan
State PR
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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
Pursuant to the stipulation of the parties, a single Arbitrator awards Claimant broker expungement of three customer complaints from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Christopher J. Klein, Esq.
Broker-Dealers Named
UBS Financial Services Incorporated
Professionals
Cs: (XAAD) Russell Del Toro Parra III & Linette Figueroa-Torres, Toro Colon Mullet PSC, San Juan, PR. Rs: (UBSFSInc) Rey F. Medina-Velez, UBS Financial Services Incorporated of Puerto Rico, San Juan, PR. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Cadena v. Invest Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01206
Products
REITs
Issue Date
2024-03-19
Situs Houston
State TX
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 awarded his request for expungement of a customer complaint from appearing on his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Lynne M. Gomez, Esq.
Broker-Dealers Named
Invest Financial Corporation
Professionals
Cs: (RCC) Peter Lindholm & Dochtor Kennedy, AdvisorLaw LLC, Broomfield, CO. Rs: (IFCorp) Eric A. Michaels & Zachary J. Chuey, Saretsky Hart et al., Birmingham, MI. OSC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Ryan v. Wells Fargo
Allegation II
Forum
FINRA
Allegation III
Docket No
23-01221
Products
Annuities
Issue Date
2024-03-22
Situs Dallas
State TX
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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
Registered Rep wins expungement of a customer complaint from his CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Robert J. Gregory
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (WRC) Michael Bessette, HLBS Law, Broomfield, CO. Rs: (WFCSLLC) Mark A. Pratzel, Wells Fargo Legal Department, St. Louis, MO. ISC.
TypeDisp
EmployeeMember
Allegation I
Expungement(CRD)
Short Caption
Anyanful v. LPL Financial
Allegation II
Forum
FINRA
Allegation III
Docket No
23-02628
Products
NP
Issue Date
2024-03-19
Situs Dallas
State TX
Clmd Compensatory
Equity
Total Amt Awarded
Equity
Compensatory Awarded
Equity
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 awards Claimant registered representative expungement of a customer complaint from her CRD record.
Notes
Panel composition issue. Arbitrator Remarks -- Expungement granted.
Arbitrators
Louis J. Weber, Jr., Esq.
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (EOA) N. Nancy Ghabai, Ghabai Law Group LLC, Boston, MA. Rs: (LPLFLLC) Rochelle B. Mayfield, Fort Mills, SC. ISC.
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