UPDATE : ARBchek

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

New Award Briefs

Report Dated: 2021-04-30

2021-15

Primary Sort

Secondary Sort

Dispute Information

Damages*

TypeDisp

CustomerMember

Allegation I

Suitability

Short Caption

Snodgrass v. Wells Fargo

Allegation II

Misreprestn

Forum

FINRA

Allegation III

Supervision

Docket No

19-00539

Products

VariableAnnuities

Issue Date

2021-04-05

Situs

San Francisco

State

CA

Clmd Compensatory

0.0

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 and a customer trust settle their claims involving the purchase of a variable annuity issued by Lincoln Financial Group against Respondent broker-dealer and broker. Respondent broker is granted expungement of this matter from his CRD record despite the objection of Claimant.

Notes

This is a Stipulated Award. Rescission Requested. All-Public Panel. Arbitrator Remarks -- Expungement granted.

People & Entities

Arbitrators

Arocles Aguilar - Chair; Nancy Hutt, Esq.; Gary H. Kahn

Broker-Dealers Named

Wells Fargo Clearing Services LLC

Professionals

  • Cs: Fran Cole, Diamond Baker Mitchell LLP, Grass Valley, CA.
  • Rs: (WFCSLLC & JAR) Judy Louie, Pasadena, CA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Baer v. Lefcourt Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-01591

Products

Annuities

Issue Date

2021-04-07

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

A registered representative is granted his request for expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Laurel Littman Gothelf, MPH

Broker-Dealers Named

Lefcourt Financial Group Incorporated

Professionals

  • Cs: (REB) Benjamin Winograd, HLBS Law, Westminster, CO.
  • Rs: (LFGInc) No-show.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Orito v. LPL Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-03024

Products

NP

Issue Date

2021-04-06

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

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

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Michael Lancaster Garcia

Broker-Dealers Named

LPL Financial LLC

Professionals

  • Cs: (JEO) Erika Binnix, HLBS Law, Westminster, CO.
  • Rs: (LPLFLLC) Sara B. Davis, Boston, MA. ISC.

TypeDisp

EmployeeMember

Allegation I

Reformation(U-5)

Short Caption

Nakamura v. Wells Fargo

Allegation II

Defamation

Forum

FINRA

Allegation III

Docket No

20-03691

Products

NP

Issue Date

2021-04-09

Situs

San Diego

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 granted Respondent broker-dealer's Pre-Hearing Motion to Dismiss Claimant broker's request for reformation of his Form U5 pursuant to FINRA Rule 13206 (Six-year Eligibility Rule for Industry Disputes).

Notes

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

Arbitrators

Mary M. O'Neil

Broker-Dealers Named

Wells Fargo Clearing Services LLC

Professionals

  • Cs: (BAN) Kurt Zimmerman, HLBS Law, Westminster, CO.
  • Rs: (WFCSLLC) Geoff Beckham, Wells Fargo Legal Department, San Francisco, CA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Young v. Hightower Securities

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02967

Products

Equity; ARS

Issue Date

2021-04-06

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 awarded expungement of five 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

Frances Johnson-Wright, Esq.

Broker-Dealers Named

Hightower Securities LLC

Professionals

  • Cs: (JRY) Robert Moses, Lax & Neville LLP, New York, NY.
  • Rs: (HSLLC) Meghan E. Flinn, K&L Gates LLP, Washington, DC. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Dutram v. LPL Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02216

Products

REITs

Issue Date

2021-04-08

Situs

Jacksonville

State

FL

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

Claimant broker loses his request for expungement of a customer complaint from appearing on his CRD record after the opposition to said relief by the customer.

Notes

None.

Arbitrators

Richard S. Zaifert, Esq.

Broker-Dealers Named

LPL Financial LLC

Professionals

  • Cs: (MSD) Harris Freedman, HLBS Law, Westminster, CO.
  • Rs: (LPLFLLC) Kelsey Vasko, San Diego, CA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Bjerke v. Merrill Lynch

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02509

Products

Equity; MutualFunds; DirectInvesmts; HedgeFunds

Issue Date

2021-04-05

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

An Arbitrator granted Claimant broker's request for expungement of four customer complaints from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

James C. Hoover, Esq.

Broker-Dealers Named

Merrill Lynch Pierce Fenner & Smith Incorporated

Professionals

  • Cs: (EMB) Kurt T. Kalberer II, Kalberer LLP, New York, NY.
  • Rs: (MLPFSInc) Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

O'Halloran v. Barron Chase

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02452

Products

NP

Issue Date

2021-04-09

Situs

Chicago

State

IL

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

An Arbitrator denies a broker's request for expungement of a complaint from his CRD record after the objection of the customer involved.

Notes

None.

Arbitrators

Donald M. Thompson, Esq.

Broker-Dealers Named

Barron Chase Securities Incorporated

Professionals

  • Cs: (DPO) Jennifer P. Farrar, Farrar Law PLLC, Tomball, TX.
  • Rs: (BCSInc) No-show.

TypeDisp

CustomerMember

Allegation I

Suitability

Short Caption

Ecenbarger v. H Beck

Allegation II

Misreprestn

Forum

FINRA

Allegation III

Supervision

Docket No

20-03743

Products

MutualFunds

Issue Date

2021-04-05

Situs

Indianapolis

State

IN

Clmd Compensatory

326.0

Total Amt Awarded

Equity

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

An All-Public Panel granted Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 12206 (Six-year Eligibility Rule). The customers' claims involved the alleged unsuitable purchase of alternative investments and mutual funds.

Notes

Pre-Hearing Adjudication -- Full Dismissal. Rescission Requested. All-Public Panel. Arbitrator Remarks.

Arbitrators

Jonathan B. Gilbert, Esq. - Chair; Jeffry Mark Bauer, Esq.; Mark L. Miller, Esq.

Broker-Dealers Named

H Beck Incorporated

Professionals

  • Cs: Michael S. Hill & Gary S. Menzer, Menzer & Hill, Boca Raton, FL.
  • Rs: (HBInc) Lydia R. Zaidman, D'Amura & Zaidman, Austin, TX. OSC.

TypeDisp

EmployeeMember

Allegation I

Discriminatn

Short Caption

Reis v. LPL Financial

Allegation II

BreachContract

Forum

FINRA

Allegation III

Compensatn

Docket No

19-02867

Products

NP

Issue Date

2021-04-05

Situs

Augusta

State

ME

Clmd Compensatory

1500.0

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

A broker alleging discrimination in violation of the Maine Human Rights Act loses his claim against Respondent broker-dealer after the Panel found that said broker failed to produce sufficient evidence to make a prima facie case.

Notes

Please Note* This case was decided by an All-Public Panel pursuant to Rule 13802 of the Code. Directed Verdict -- Full Dismissal. Discrimination case. Arbitrator Remarks.

Arbitrators

Michael L. Lyons, Esq. - Chair; Gregory Hunter Mathews; John J. Mager, Esq.

Broker-Dealers Named

LPL Financial LLC

Professionals

  • Cs: (MCR) Sheilah R. McLaughlin, Law Office of S.R. McLaughlin, Brunswick, ME.
  • Rs: (LPLFLLC) John D. Stewart, Baritz & Colman, New York, NY. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Wegner v. Sigma Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02937

Products

Annuities

Issue Date

2021-04-07

Situs

Minneapolis

State

MN

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 awards Claimant broker expungement relief relating to a customer complaint appearing on his CRD record despite the objection of Respondent broker-dealer.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Susan L. Walker, Esq.

Broker-Dealers Named

Sigma Financial Corporation

Professionals

  • Cs: (EEW) Frances Menzer & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (SFCorp) Randolph F. Pistor II, Ann Arbor, MI. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Moriarty v. American General

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02816

Products

Insurance

Issue Date

2021-04-09

Situs

St. Louis

State

MO

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

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Robert J. Scafuri, Esq.

Broker-Dealers Named

American General Securities Incorporated

Professionals

  • Cs: (JEM) Erika Binnix & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (AGSInc) James V. Noblett, Advisor Group Incorporated, Jersey City, NJ. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Yoon v. Hennion & Walsh

Allegation II

Forum

FINRA

Allegation III

Docket No

20-03141

Products

MuniSecs

Issue Date

2021-04-06

Situs

Jersey City

State

NJ

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 granted expungement of only customer complaint from his CRD record and is denied his request for expungement of another.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Louis H. Miron, Esq.

Broker-Dealers Named

Hennion & Walsh Incorporated

Professionals

  • Cs: (JTY) Jennifer Woods-Burke, Hennion & Walsh Incorporated, Parsippany, NJ.
  • Rs: (H&WInc) Mitra E. Niknam, Parsippany, NJ. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Nessim v. Josephthal & Company

Allegation II

Forum

FINRA

Allegation III

Docket No

20-03173

Products

NP

Issue Date

2021-04-07

Situs

Jersey City

State

NJ

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 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

Robert E. Anderson, Esq.

Broker-Dealers Named

Josephthal & Company Incorporated

Professionals

  • Cs: (MHN) Ross J. Kartez & Brian Passarelle, Ruskin Moscou Faltischek PC, Uniondale, NY.
  • Rs: (J&CInc) No-show.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Saxauer v. LPL Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02710

Products

Annuities

Issue Date

2021-04-08

Situs

Las Vegas

State

NV

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 awards Claimant broker expungement of a customer complaint from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Benjamin F. Breslauer

Broker-Dealers Named

LPL Financial LLC

Professionals

  • Cs: (HJS) Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (LPLFLLC) Jon Kaplon, Boston, MA. ISC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Cooney v. Maxim Group

Allegation II

Forum

FINRA

Allegation III

Docket No

20-01944

Products

Equity; DirectInvesmts; Warrants; Derivatives

Issue Date

2021-04-05

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

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Ted M. Rosen, Esq.

Broker-Dealers Named

Maxim Group LLC; Hapoalim Securities USA Incorporated

Professionals

  • Cs: (PMC) Irwin Weltz, Weltz Kakos et al., Mineola, NY.
  • Rs: (MGLLC) Ian H. Hummel, New York, NY. ISC.
  • Rs: (HSUSAInc) No-show.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Feighan v. Ameriprise Financial

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02847

Products

NP

Issue Date

2021-04-05

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 granted his request for expungement of two customer complaints from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Richard W. Cutler, Esq.

Broker-Dealers Named

Ameriprise Financial Services LLC

Professionals

  • Cs: (REF) Dochtor Kennedy & Chelsea Masters, Advisor Law LLC, Westminster, CO.
  • Rs: (AFSLLC) Howard Klausmeier, Troy, MI. ISC.

TypeDisp

SmallClms

Allegation I

UnauthTdg

Short Caption

Kotzur v. Steward

Allegation II

Churning

Forum

FINRA

Allegation III

Suitability

Docket No

20-03759

Products

Equity

Issue Date

2021-04-09

Situs

New York

State

NY

Clmd Compensatory

4.2

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 unauthorized trading and churning against a Respondent broker loses his case.

Notes

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

Arbitrators

Anna M. Fanelli, Esq.

Broker-Dealers Named

None.

Professionals

  • Cs: Pro se.
  • Rs: (JJS) None.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Loper v. Edward Jones

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02585

Products

NP

Issue Date

2021-04-08

Situs

Oklahoma City

State

OK

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 two customer complaints from appearing on his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

David A. Schuler

Broker-Dealers Named

Edward Jones

Professionals

  • Cs: (TCL) Chelsea Masters & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (EDJ&CLP) Jonathan W. Hackbarth, Quarles & Brady, Milwaukee, WI. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Hudson v. Edward D Jones

Allegation II

Forum

FINRA

Allegation III

Docket No

20-03082

Products

NP

Issue Date

2021-04-07

Situs

Oklahoma City

State

OK

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 expungement of a customer complaint from his CRD record.

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Jeffrey R. Jury

Broker-Dealers Named

Edward D Jones & Company Limited Partnership

Professionals

  • Cs: (JDH) Joelle A. Simms & Donald R. Littlefield, Bressler Amery & Ross, Dallas, TX.
  • Rs: (EDJ&CLP) Teresa J. Thong, Keesal Young & Logan, Long Beach, CA. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Baum v. Lehman Brothers

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02462

Products

NP

Issue Date

2021-04-09

Situs

Pittsburgh

State

PA

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

Claimant broker loses his request for expungement of a customer complaint from his CRD record.

Notes

PHL -- Involves bankruptcy.

Arbitrators

Richard W. Dissen, Esq.

Broker-Dealers Named

Lehman Brothers Incorporated

Professionals

  • Cs: (AEB) Frances Menzer & Dochtor Kennedy, AdvisorLaw LLC, Westminster, CO.
  • Rs: (LBInc) Jeffrey S. Margolin, Hughes Hubbard & Reed, New York, NY. OSC.

TypeDisp

CustomerEmployee

Allegation I

Misreprestn

Short Caption

Buckner v. Meyer

Allegation II

BreachContract

Forum

FINRA

Allegation III

Docket No

20-03294

Products

Annuities

Issue Date

2021-04-07

Situs

Nashville

State

TN

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

Two customers voluntarily dismiss their claims against Respondent broker with prejudice involving the purchase of a MetLife annuity. Respondent broker is granted expungement of this matter from his CRD record.

Notes

Majority Public Panel. Arbitrator Remarks -- Expungement granted.

Arbitrators

Robert G. Bannon - Chair; Eric Matthew Bittner; Joseph Charles Smolira, PhD

Broker-Dealers Named

None.

Professionals

  • Cs: Pro se.
  • Rs: (DJM) Michael Naccarato, Wells Fargo Legal Department, St. Louis, MO.

TypeDisp

MemberEmployee

Allegation I

Raiding

Short Caption

Intrepid Financial v. Fernandez

Allegation II

TakingRecords

Forum

FINRA

Allegation III

InjunctiveRelief

Docket No

20-03878

Products

NP

Issue Date

2021-04-07

Situs

Houston

State

TX

Clmd Compensatory

0.0

Total Amt Awarded

675.0

Compensatory Awarded

0.0

Punitive Damage Awarded

0.0

Attorney Fees Awarded

656.6

* 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 raiding case, Claimant broker-dealer is granted a permanent injunction against its former employee involving Chesapeake Energy until 6/1/21 and is awarded attorney fees and costs pursuant to the Non-Competition and Confidentiality Agreement.

Notes

Big $s. PHL -- TRO GRANTED. Raiding case. Arbitrator Remarks.

Arbitrators

Linda A. Broocks, Esq. - Chair; Sherry R. Wetsch, Esq.; Marquita Daniella Green

Broker-Dealers Named

Intrepid Financial Partners LLC

Professionals

  • Cs: (IFPLLC) John Siegal & Tiffany A. Miao, Baker & Hostetler, New York, NY. OSC.
  • Rs: (ACF) Daniel A. Schnapp, Nixon Peabody LLP, New York, NY and Tina B. Solis & Christina E. Kurow, Nixon Peabody LLP, Chicago, IL.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Ely v. Infinex Investments

Allegation II

Forum

FINRA

Allegation III

Docket No

20-02022

Products

Derivatives

Issue Date

2021-04-05

Situs

Norfolk

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

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

Notes

Arbitrator Remarks -- Expungement granted.

Arbitrators

Michael J. Ahlstrom, Esq.

Broker-Dealers Named

Infinex Investments Incorporated; BI Investments LLC

Professionals

  • Cs: (DME) Dochtor Kennedy & Michael O'Gara, AdvisorLaw LLC, Westminster, CO.
  • Rs: (IIInc & BIILLC) Gregg J. Breitbart, Kaufman Dolowich & Voluck, Fort Lauderdale, FL. OSC.

TypeDisp

EmployeeMember

Allegation I

Expungement(CRD)

Short Caption

Manion v. Merrill Lynch

Allegation II

Forum

FINRA

Allegation III

Docket No

20-01997

Products

NP

Issue Date

2021-04-10

Situs

Milwaukee

State

WI

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

Two brokers lose their requests for expungement of customer complaints from appearing on their respective CRD records.

Notes

None.

Arbitrators

Michael J. Meeusen, Esq.

Broker-Dealers Named

Merrill Lynch Pierce Fenner & Smith Incorporated

Professionals

  • Cs: (MJM & GWR) Jennifer P. Farrar, Farrar Law PLLC, Tomball, TX.
  • Rs: (MLPFSInc) Joel M. Everest & Sarah K. Yates, Bressler Amery & Ross, Birmingham, AL. OSC.
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