UPDATE : ARBchek

This Report is a product of Securities Arbitration Commentator, Inc.

New Award Briefs

Report Dated: 2021-07-16

2021-23

Primary Sort

Secondary Sort

Dispute Information

Damages*

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Mukherjee v. Citigroup Global

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02034

Products

Equity

Issue Date

2021-07-02

Situs

Los Angeles

State

CA

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 provides factual background and details with respect to the granting of Claimant broker's request for expungement of his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

People & Entities

Arbitrators

Constance Ellen Boukidis - Chair; Erik R. Siering; Brant Jackson Griffin

Broker-Dealers Named

Citigroup Global Markets Incorporated

Professionals

  • Cs: (SM) Steve A. Buchwalter, Law Offices of S.A. Buchwalter PC, Encino, CA.
  • Rs: (CGMInc) Adam M. Kauff, Kauff Laton Miller LLP, New York, NY. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Vosberg v. Centaurus Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02633

Products

NP

Issue Date

2021-07-02

Situs

Los Angeles

State

CA

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

An Arbitrator grants a registered representative's request for expungement of a customer complaint from his CRD record.

Notes

Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Expungement granted.

Arbitrators

Susan B. Gans-Smith, Esq.

Broker-Dealers Named

Centaurus Financial Incorporated

Professionals

  • Cs: (BDV) Tosh Grebenik, Judex Law LLC, Broomfield, CO.
  • Rs: (CFInc) Bryan Gless, Anaheim, CA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Zhang v. Morgan Stanley

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02646

Products

ARS

Issue Date

2021-06-30

Situs

San Francisco

State

CA

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

A broker is awarded expungement of a customer complaint from her CRD record involving the purchase of auction rate securities.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Laurel Littman Gothelf, MPH

Broker-Dealers Named

Morgan Stanley & Company LLC

Professionals

  • Cs: (YZ) Benjamin Winograd, HLBS Law, Westminster, CO.
  • Rs: (MS&CLLC) Patrick Mulligan, Bressler Amery & Ross, Birmingham, AL. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Robertson v. Prudential Equity

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02716

Products

NP

Issue Date

2021-07-01

Situs

Los Angeles

State

CA

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

A broker is awarded his request for expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Benjamin F. Breslauer

Broker-Dealers Named

Prudential Equity Group LLC

Professionals

  • Cs: (NTR) Frances Menzer, HLBS Law, Westminster, CO.
  • Rs: (PEGLLC) Jennifer E. Novoselsky, Reyes Kurson Limited, Chicago, IL. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Wong v. Citicorp Investment

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02730

Products

Annuities

Issue Date

2021-07-07

Situs

San Francisco

State

CA

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

An Arbitrator grants Claimant broker's request for expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Ann Elizabeth Sarli

Broker-Dealers Named

Citicorp Investment Services

Professionals

  • Cs: (EKYW) Chelsea Masters, HLBS Law, Westminster, CO.
  • Rs: (CISvcs) Adam Kauff, Kauff Laton Miller LLP, New York, NY. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Dering v. Ameriprise Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02734

Products

VariableLifeInsurance

Issue Date

2021-07-01

Situs

Los Angeles

State

CA

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

An Arbitrator grants a broker's request for expungement of a customer complaint from his CRD record involving the purchase of a variable insurance policy.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Benjamin F. Breslauer

Broker-Dealers Named

Ameriprise Financial Services LLC

Professionals

  • Cs: (DJD) Benjamin Winograd, HLBS Law, Westminster, CO.
  • Rs: (AFSLLC) Howard M. Klausmeier, Troy, MI. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Zhai v. Avantax Investment

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02995

Products

NP

Issue Date

2021-07-06

Situs

San Francisco

State

CA

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

A broker is awarded expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Helen Marinak Blohm, Esq. (fka Helen M. Marinak, Esq.)

Broker-Dealers Named

Avantax Investment Services Incorporated

Professionals

  • Cs: (BZ) Chelsea Masters, HLBS Law, Westminster, CO.
  • Rs: (AISInc) Judith Knudsen, Irving, TX. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Freides v. UBS Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

21-01300

Products

NP

Issue Date

2021-07-01

Situs

Los Angeles

State

CA

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 a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

George L. Tindall

Broker-Dealers Named

UBS Financial Services Incorporated

Professionals

  • Cs: (DSF) David I. Hantman, Bressler Amery & Ross, New York, NY.
  • Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.

TypeDisp

CustomerMember

Allegation I

BlueSky

Short Caption

Birney v. Taylor Capital Management

Allegation II

Misreprestn

Forum

FINRA

Allegation III

BreachFiducDty

Docket No

18-00617

Products

DirectInvesmts

Issue Date

2021-07-01

Situs

Denver

State

CO

Clmd Compensatory

424.1

Total Amt Awarded

Equity

Compensatory Awarded

Equity

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

A customer alleging he was sold unregistered limited partnerships settles his claims against Respondents. Respondent broker also settles his Counterclaim for malicious prosecution against Claimant.

Notes

This is a Stipulated Award. Rescission Requested. All-Public Panel.

Arbitrators

Steven A. Meyrich, Esq. - Chair; Ronald G. Guida; Rick Gale Doty

Broker-Dealers Named

Taylor Capital Management Incorporated

Professionals

  • Cs: Jeffrey Pederson, J. Pederson PC, Greenwood Village, CO.
  • Rs: (TCMInc) Preston Spears, Woodstock, GA. ISC.
  • Rs: (MGR) Russell K. Bean, Beck & Bean, Aurora, CO.
  • Rs: (DMF) Blaine K. Bengtson, Jones & Keller, Denver, CO.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Thompson v. Wells Fargo

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02674

Products

MutualFunds

Issue Date

2021-06-30

Situs

Denver

State

CO

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 granted his request for expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Philip J. Glick, Esq.

Broker-Dealers Named

Wells Fargo Investments LLC

Professionals

  • Cs: (BRT) Harris Freedman, HLBS Law, Westminster, CO.
  • Rs: (WFILLC) Jeffery D. Rodgers Jr., Wells Fargo Clearing Services LLC, St. Louis, MO. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Rorick v. UBS Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

21-00001

Products

Equity

Issue Date

2021-07-07

Situs

Denver

State

CO

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

An Arbitrator provides factual background and explains in detail why he has granted Claimant broker's request for expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Michael Jeffrey Norton, Esq.

Broker-Dealers Named

UBS Financial Services Incorporated

Professionals

  • Cs: (BPR) Michelle Atlas, HLBS Law, Westminster, CO.
  • Rs: (UBSFSInc) John Murphy, J. Murphy & Associates PC, New York, NY. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Santo Marino v. Voya Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02720

Products

NP

Issue Date

2021-07-08

Situs

Hartford

State

CT

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 broker loses his request for expungement of a complaint from his CRD record after the customer objected to such relief.

Notes

None.

Arbitrators

Robert B. Titus

Broker-Dealers Named

Voya Financial Advisors Incorporated

Professionals

  • Cs: (JSM) Benjamin Winograd & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (VFAInc) Zachary Knoblock & Benjamin J. Biard, Winget Spadafora Schwartzberg LLP, Miami, FL. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Seale v. American Wealth

Allegation II

Forum

FINRA

Allegation III

Docket No

20-03214

Products

Annuities; Equity

Issue Date

2021-07-08

Situs

Atlanta

State

GA

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 expungement of three customer complaints from appearing on his CRD record.

Notes

Please Note* This case was administered under the Special Proceeding option for simplified cases. Arbitrator Remarks -- Expungement granted.

Arbitrators

Michael J. Ahlstrom, Esq.

Broker-Dealers Named

American Wealth Management Incorporated

Professionals

  • Cs: (JLS) Zachary Hayes-Macaluso, FA Expungement LLC, Denver, CO.
  • Rs: (AWMInc) Joel R. Beck, The Beck Law Firm LLC, Lawrenceville, GA. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Bramson v. UBS Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02755

Products

ARS

Issue Date

2021-07-01

Situs

Chicago

State

IL

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

Registered rep is awarded expungement of a complaint from his CRD record involving a customer's purchase of an auction rate security.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Larry Carlson, Esq.

Broker-Dealers Named

UBS Financial Services Incorporated

Professionals

  • Cs: (ABB) Michael O'Gara & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.

TypeDisp

EmployeeCustomer

Allegation I

Expungement(CRD)

Short Caption

Sharfman v. Estate of O'Rourke

Allegation II

Forum

FINRA

Allegation III

Docket No

21-00040

Products

Annuities

Issue Date

2021-07-01

Situs

Chicago

State

IL

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 expungement of a customer complaint from his CRD record involving the purchase of an annuity.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Theodore W. Wrobleski, Esq. - Chair; Marcia Bonita Gevers; Dennis Christensen

Broker-Dealers Named

None.

Professionals

  • Cs: (HES) Richard M. Goldwasser, Schoenberg Finkel et al., Chicago, IL.
  • Rs: No-show.

TypeDisp

SmallClms

Allegation I

FailToObey

Short Caption

Thompson v. Robinhood Financial

Allegation II

Operations

Forum

FINRA

Allegation III

Docket No

21-00601

Products

Equity

Issue Date

2021-06-29

Situs

Indianapolis

State

IN

Clmd Compensatory

24.5

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 alleging that Respondent broker-dealer intentionally removed Express Inc. stock from its trading platform in middle of remarkable stock rise loses his case.

Notes

Please Note* This matter proceeded pursuant to Rule 12800 of the Code.

Arbitrators

Gerald W. Hepp

Broker-Dealers Named

Robinhood Financial LLC

Professionals

  • Cs: Pro se.
  • Rs: (RFLLC) Dominick F. Evangelista, Bressler Amery & Ross, Florham Park, NJ. OSC.

TypeDisp

MemberEmployee

Allegation I

LoanDefault

Short Caption

LPL Financial v. Paiz

Allegation II

BreachContract

Forum

FINRA

Allegation III

Docket No

20-03467

Products

PromissoryNote

Issue Date

2021-06-30

Situs

New Orleans

State

LA

Clmd Compensatory

56.2

Total Amt Awarded

74.7

Compensatory Awarded

56.2

Punitive Damage Awarded

Attorney Fees Awarded

10.3

* 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 on a promissory note and a representative agreement as part of his former employment with Claimant broker-dealer.

Notes

Arbitrator Remarks.

Arbitrators

Mark A. Myers, Esq.

Broker-Dealers Named

LPL Financial LLC

Professionals

  • Cs: (LPLFLLC) David J. Sensenig & Andrew R. Park, Park Sensenig LLC, Richmond, VA. OSC.
  • Rs: (ASP) No-show.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Elish v. Citigroup Global

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02342

Products

NP

Issue Date

2021-06-28

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

A registered representative is awarded expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Andrew M. Schmertz

Broker-Dealers Named

Citigroup Global Markets Incorporated

Professionals

  • Cs: (HDE) Amy Bard, Law Offices of A. Bard, Glen Ridge, NJ.
  • Rs: (CGMInc) Adam M. Kauff, Kauff Laton Miller LLP, New York, NY. OSC.

TypeDisp

SmallClms

Allegation I

MarginLiqdn

Short Caption

Ginzburg v. Interactive Brokers

Allegation II

FailToObey

Forum

FINRA

Allegation III

Docket No

21-00179

Products

Equity; Margin

Issue Date

2021-07-01

Situs

New York

State

NY

Clmd Compensatory

0.4

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 customer alleging that Respondent broker-dealer failed to act in a timely manner thus causing margin calls loses his case and is held liable to said Respondent broker-dealer for compensatory damages on the Counterclaim.

Notes

Please Note* This matter proceeded pursuant to Rule 12800 of the Code.

Arbitrators

James M. Rhodes

Broker-Dealers Named

Interactive Brokers LLC

Professionals

  • Cs: Pro se.
  • Rs: (IBLLC) Carlos E. Provencio, Washington, DC. ISC.

TypeDisp

EmployeeMember

Allegation I

Reformation(U-5)

Short Caption

Black v. Cambridge Investment

Allegation II

Defamation

Forum

FINRA

Allegation III

Compensatn

Docket No

20-00013

Products

NP

Issue Date

2021-07-02

Situs

Cincinnati

State

OH

Clmd Compensatory

0.0

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

Although Claimant broker settles his claims against Respondent broker-dealer he loses his request for reformation of his Form U5 record.

Notes

None.

Arbitrators

Sharon R. Merriman, Esq. - Chair; David Winchester Peck; Pamela K. Ginsburg

Broker-Dealers Named

Cambridge Investment Research Incorporated

Professionals

  • Cs: (MMB) Victor Bayata, Vernon Litigation Group, Naples, FL.
  • Rs: (CIRInc) Richard H. Kuhlman & Jeanette Dennis, Fairfield, IA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Jackson v. UBS Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

21-00972

Products

NP

Issue Date

2021-06-29

Situs

Oklahoma City

State

OK

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 a complaint from appearing on his CRD record despite the objection of the customers involved.

Notes

Panel composition issue. Arbitrator Remarks -- Expungement granted.

Arbitrators

Jeffrey R. Jury

Broker-Dealers Named

UBS Financial Services Incorporated

Professionals

  • Cs: (DRJ) David I. Hantman, Bressler Amery & Ross, New York, NY.
  • Rs: (UBSFSInc) Omar Perez, UBS Business Solutions US LLC, Nashville, TN. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

McLean v. Ameriprise Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02681

Products

VariableAnnuities

Issue Date

2021-07-07

Situs

Portland

State

OR

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

An Arbitrator grants a broker's request for expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

David William Hickman, JD

Broker-Dealers Named

Ameriprise Financial Services LLC

Professionals

  • Cs: (RCM) Dochtor Kennedy & Benjamin Winograd, AdvisorLaw LLC, Westminster, CO.
  • Rs: (AFSLLC) Howard M. Klausmeier & Trina Iijima, Troy, MI. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Higgins v. Scott & Stringfellow

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02438

Products

Equity

Issue Date

2021-07-01

Situs

Richmond

State

VA

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 registered representative is granted expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Joseph J. Dougherty, JD

Broker-Dealers Named

Scott & Stringfellow LLC

Professionals

  • Cs: (MMH) Zachary Morse & Benjamin Winograd & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (S&SLLC) Christina M. Hill, Murphy & McGonigle, Washington, DC. OSC.

TypeDisp

EmployeeMember

Allegation I

Reformation(U-5)

Short Caption

Donnelly v. Wells Fargo

Allegation II

Defamation

Forum

FINRA

Allegation III

Docket No

20-04013

Products

NP

Issue Date

2021-06-21

Situs

Seattle

State

WA

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

An Arbitrator explains in great detail why he has granted Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 13206(a) of the Code (Six-year Eligibility Rule for Industry Disputes). Claimant broker sought reformation of defamatory information from appearing on his Form U5 record.

Notes

Pre-Hearing Adjudication -- Full Dismissal. Arbitrator Remarks -- Explained Award.

Arbitrators

Craig Charles Beles, Esq.

Broker-Dealers Named

Wells Fargo Clearing Services LLC

Professionals

  • Cs: (DJD) Michael Bessette, HLBS Law, Westminster, CO.
  • Rs: (WFCSLLC) Michael Naccarato, Wells Fargo Legal Department, St. Louis, MO. ISC.
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