* 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 alleging that she is entitled to a portion of the money held in a joint account which she had with her former husband loses her case.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Cs did not request a hearing.
People & Entities
Arbitrators
Allan R. Lazor, Esq.
Broker-Dealers Named
Primerica Brokerage Services Incorporated
Professionals
Cs: Pro se.
Rs: (PBSInc) John Wesley Holston, Bressler Amery & Ross, Fort Lauderdale, FL. OSC.
* 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 in detail why he has decided to deny a customer's case finding that she failed to prove by a preponderance of the evidence that she is entitled to the monetary relief she requested. This case involves a market-wide trading error that occurred on 9/29/25 when Wolfspeed Inc. (the stock in dispute in this case) emerged from Chapter 11 bankruptcy and its old common stock was to be cancelled and replaced with new shares (New Wolfspeed).
* 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 grants a broker's request for expungement of one customer complaint from appearing on his Form U5 record but unanimously denies, with prejudice, his request for expungement of a second complaint.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Gregory Hunter Mathews - Chair; Donna Ross Philip, Esq.; Howard N. Gorney
Broker-Dealers Named
JP Morgan Securities LLC
Professionals
Cs: (CMB) Chelsea Bauer & Michael Yin, HLBS Law, Broomfield, CO.
Rs: (JPMSLLC) Michael J. Charlillo, UB Greensfelder LLP, Cleveland, OH. OSC.
* 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 alleging that he is owed a refund as a result of unaccounted funds after Respondent broker-dealer breached its fiduciary duty when it withheld federal taxes from his securities account loses his case.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Cs did not request a hearing.
Arbitrators
Diane M. Perry, Esq.
Broker-Dealers Named
Robinhood Financial LLC
Professionals
Cs: Pro se.
Rs: (RFLLC) Simeon M. Schopf, Washington, DC. ISC.
* 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 loses, with prejudice, his request for expungement of a customer complaint from appearing on his CRD record by unanimous decision of the Panel.
Notes
None.
Arbitrators
James R. McGuone, Esq. - Chair; Theodore W. Wrobleski, Esq.; Michael J. Meeusen, Esq.
* 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 investor alleging that he suffered financial harm when Respondent broker-dealer failed to properly execute or display a pre-market sell order of 60 contracts of IWM 261 puts loses his case.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Cs did not request a hearing.
Arbitrators
Yana Karnaukhov
Broker-Dealers Named
Charles Schwab & Company Incorporated
Professionals
Cs: Pro se.
Rs: (CS&CInc) Jason S. Pinney & Fiona Fitzgerald, Morgan Lewis & Bockius, Boston, MA. OSC.
* 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 representative is held liable for the amounts due and owing under three Promissory Note Agreements he signed as part of his employment with Claimant broker-dealer.
Notes
Big $s. Arbitrator Remarks.
Arbitrators
David S. Godkin, Esq.
Broker-Dealers Named
Wells Fargo Clearing Services LLC
Professionals
Cs: (WFCSLLC) Sara Soto, Bressler Amery & Ross, Fort Lauderdale, FL. OSC.
* 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
Despite denying Respondent broker-dealer's Motion for Directed Verdict (Motion to Dismiss), a Panel still decides to deny Claimant's case after finding that she failed to sustain her burden of proof with respect to each allegation asserted in this matter.
Notes
All-Public Panel. Arbitrator Remarks.
Arbitrators
Mark Alexander Sipper - Chair; Howard N. Gorney; Dennis James Malloy
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: David S. Hill & Sean M. Sweeney, Halling & Cayo, Milwaukee, WI.
Rs: (LPLFLLC) Matthew T. Boheneck, Boston, MA. ISC.
* 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 Consolidated Selling Away case, two brokers and Respondent broker-dealer resolve all claims and Counterclaims (as well as their respective requests for monetary damages) in this matter and said brokers lose their requests for reformation of their respective Form U5 records.
Notes
This is a Consolidated Award. Selling Away case.
Arbitrators
Robert J. Scafuri, Esq. - Chair; Kim L. Kirn; Jennifer Lee McGillivary
* 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 prevails on his deferred compensation claim and is awarded over $656,000 in compensatory damages as well as reformation of his Form U5 record.
Notes
Big $s. Arbitrator Remarks -- Reformation U-5 granted.
Arbitrators
Jonathan B. Gilbert, Esq. - Chair; Katherine E. Fath; Michael James Childers, Esq.
Broker-Dealers Named
Truist Securities Incorporated
Professionals
Cs: (SCF) Joseph T. Gallagher, Harris St. Laurent & Wechsler, New York, NY.
Rs: (TSInc) Andrew J. Shapren, Buchanan Ingersoll & Rooney, Philadelphia, PA. OSC.
* 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 grants, without prejudice, Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes) Claimant registered representative's request for reformation of alleged defamatory information from appearing on her Form U5 record after finding that the Form U5 at issue in this case was filed more than 24 years prior to the filing of her Statement of Claim and is therefore ineligible for arbitration.
Notes
Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks.
* 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 alleging that Respondent broker-dealer's agent is contractually at fault due to bad fills relating to the slippage of SPX options trades loses her case.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Cs did not request a hearing.
Arbitrators
Thomas Matthew Madden
Broker-Dealers Named
Interactive Brokers LLC
Professionals
Cs: Pro se, through Anton Dentchouk, Mission Viejo, CA.
* 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 granted his request for expungement of a customer complaint from appearing on his CRD record after the Panel found said complaint to be factually impossible under FINRA Rule 2080.
Notes
Arbitrator Remarks -- Expungement granted.
Arbitrators
Kenneth R. Starr, Esq. - Chair; Anita Rae Shapiro, Esq.; Stephanie Jeannette Charny
Broker-Dealers Named
Merrill Lynch Pierce Fenner & Smith Incorporated
Professionals
Cs: (MJC) Peter Lindholm, HLBS Law, Broomfield, CO.
Rs: (MLPFSInc) Shruti Jaishankar & Stuart Rebish, Maynard Nexsen PC, New York, NY. OSC.
* 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 she has decided to deny Claimant's case after determining that Respondent broker-dealer had a contractual right to restrict and close his securities account and notified him of said actions almost a month prior to doing so.
Notes
Please Note* This matter proceeded pursuant to Rule 12800 of the Code. Cs did not request a hearing. Arbitrator Remarks -- Explained Award.
Arbitrators
Virginia Mary Hunt
Broker-Dealers Named
Fidelity Brokerage Services LLC
Professionals
Cs: Pro se.
Rs: (FBSLLC) Thomas F. Barnett, FMR LLC Legal Department, Boston, MA. ISC.
* 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 representative is held liable for the amounts due and owing pursuant to a Promissory Note Agreement he signed as part of his employment with Claimant broker-dealer.
* 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 investor alleging that Respondent broker-dealer is in breach of contract due to an execution error with respect to his investment in ULTI options loses his case.
* 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 appearing on his Form U5 record.
Notes
None.
Arbitrators
Terry M. Lloyd, CPA, CFA
Broker-Dealers Named
LPL Financial LLC
Professionals
Cs: (JRN) Jennifer Cox, AdvisorLaw LLC, Broomfield, CO.
Rs: (LPLFLLC) Kelsey Vasko, San Diego, CA. ISC.
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