Finra Dispute Resolution Award
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from FINRA Awards look up 12-01838
FINRA DISPUTE RESOLUTION
CASE#: 12-01838
Christopher Grabowski (Claimant) vs. TD Ameritrade, Inc. (Respondent) REPRESENTATION OF PARTIES:
Claimant Christopher Grabowski appeared pro se.
For Respondent TD Ameritrade, Inc.: Hollie M. Mason, Esq., TD Ameritrade, Inc., Omaha, Nebraska.
NATURE OF DISPUTE: Customer vs. Member Statement of Claim filed on or about: May 12, 2012.
CASE SUMMARY: Claimant asserted the following causes of action: fraud, wrongful or criminal deception.
The causes of action relate to the purchase of shares of Bancorp International Group, Inc.
RELIEF REQUESTED: In the Statement of Claim, Claimant requested:
Compensatory Damages: Punitive Damages: Other:
$1,000.00 $1,000.00
return of stock
AWARD: The undersigned arbitrator has decided and determined in full and final resolution of the issues submitted for determination as follows: 1) Claimant's claims are denied in their entirety with prejudice. 2) All requests for punitive damages are denied. 3) All other relief requests are denied. 4) FINRA Dispute Resolution shall retain the $75.00 filing fee that the Claimant deposited previously.
OTHER FEES: Respondent has paid to FINRA Dispute Resolution the $150.00 Member Surcharge previously invoiced.
OTHER ISSUES: The Arbitrator acknowledges that he has read the pleadings and other materials filed by the parties.
On March 18, 2013, the Arbitrator ordered Claimant to purchase 25,000 shares of BCIT, including the Private Treaty Certificates, and also ordered Respondent to reimburse Claimant the entire purchase price and expenses related to the purchase.
