Modern Energy Corp (fka MDRG)

[Southern Gal]

SCOTTRADE found liable in FINRA ARBITRATION

http://finraawardsonline.finra.org/turing.aspx?doc=42102

FINRA DISPUTE RESOLUTION AWARD
FINRA DISPUTE RESOLUTION
CASE: 08-03878
Micliael Scott loane, Sr., ("Claimant") vs. Scottrade, Inc., ("Respondent")
ATTORNEYS:
Claimant appeared Pro se, Mariposa, CA.
For Respondent appeared Ryan M. Blum, Esq., In-house Counsel, St. Louis, MO.
NATURE OF DISPUTE: Customer v. Member
DATE FILED: October 22. 2008
CASE SUMMARY: Claimant alleged that Respondent is withholding common shares of
Modern Energy. Claimant maintained that as a result of Respondent's actions he suffered
a financial loss.
Claim Data Award Data

Claim: $2,500.00 Award: $2,500.00

Injunctive Relief: refrain from holding stocks
Injunctive Relief: Denied
Filing Fee: $75.00 Filing Fee: $37.50

AWARD: The undersigned arbitrator has decided and determined in full and final
resolution of the issues submitted for determination as follows: 1)' Respondent is liable
and shall pay to the Claimant $2,500.00.

2) Claimant's request for injunctive relief is
denied. 3) Ail other relief requests are denied. 4) FINRA Dispute Resolution shall retain
the $75.00 filing fee that the Claimant deposited previously. 4) Respondent is liable and
shall pay to the Claimant $37.50 as reimbursement of 50% of the filing fee.
OTHER FEES: Respondent has paid to FINI^ Dispute Resolution the $150.00 Member
Surcharge previously invoiced.
Page Two
Award 0&-03878
Nick G. Tarteon Sole Public AftMlqr
AFFIRMATION
I, Nicic G. Tarison, hereby affirm, upon my oath as arbitrator that i ain the Individuat
describad herein «^q exeoitad this instrument, which is my oath and award.
!i3r5rTSrSon (Signature Dole}
May 13, 2009
Data of Senrice (For FiNRA-DR office use only)