Bancorp International Group Inc (fka BCIT)

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the full Award is now up on the finraawardsonline website


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CASE #: 12-01838
Chrtetopher Grabowski (Claimant) vs. TO Ameritrade, Inc. (Respondent) REPRESENTATION OF PARTIES:
Claimant Chrntopher Grat)owski appeared pro se.
For Respondent TD Anrwritrade, Inc.: Hdlie M. Mason, Esq.. TO Ameritrade, Inc.. Omaha, Nebraska.
NATURE OF DISPUTE: Customer vs. Member StatementofClaimfiledonorabout May12,2012.
CASE SUMMARY: Claimant asserted the fblkywing causes of actbn: fraud, wrongful or criminal deceptton.
The causes of action relate to the purchase of shares of Bancorp Intemattonal Group. Inc.
RELIEF REQUESTED: In the Statement of Claim. Claimant requested:
O)mpensatory Damages: Punitive Damages:
Other
$1,000.00 $1,000.00
return of stock
AWARD: The undersigned arbitrator has dedded and detemilned in full and final resolution of the Issues submittedfordetermination asfoltows:1) Claimant's daims are deniedIntheirentiretywittiprejudice.2)Allrequestsforpunitivedamagesaredenied. 3) All other relief requests are denied. 4) FINRA Dispute Resolution shall retain the $75.00filingfeettiatthe Claimant deposited previously.
OTHER FEES: Respondent has pakJ to FINRA Dispute Resolution the $150.00 Member Surcharge previously invoiced.
OTHER ISSUES: The Arbitrator adtnowledgestiiathe has readttiepleadings and other materialsfiledby the parties.
On March 18.2013.ttie 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.
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Upon receiving notice tttat the parties had complied with the March 18. 2013 Order, the Arbitrator denied Claimant's daims witti prejudice since the cteims are now moot
Claimant requested additional reliefforadditional expenses by letter dated April 14.2012. After due consideration the Arbitrator denied Claimant's requ