10. On September 16, 2015, Defendants initiated the Arbitration with FINRA against Plaintiff. A true and correct copy of the Statement of Claim initiating the Arbitration is attached hereto as Exhibit A. A true and correct copy of the submission agreement submitted by Defendants in connection with the Arbitration is attached hereto as Exhibit B.1 COR Clearing was served with the Statement of Claim on September 21, 2015. COR Clearing’s answer is due on November 10, 2015.
11. The Arbitration was initiated at, and is being administrated through FINRA’s office in Los Angeles, California.
Holding himself under false pretenses of Ted Wise , Ceo of TW Ruban Inc, he opened at least 40 accounts at Respondents and claimed he was offering investment expertise to build wealth with hard working clients such as Claimant and others.
While Respondents Christopher Cervino and Santiago were very well aware that this stock Vgtel could not clear with Compliance watch of their employer Cor clearing in regards to third party stock purchases, they had insider trading knowledge of which stock of which client to push to other investors for convicted felon Ed Durante.
In a classic Ponzi Scheme fashion, stock promoter and felon Ed Durante would use new investors such as Claimant to “PAY PROFITS " to earlier investors and " Return of Principal" [sic] via a pump and dump scheme under the SEC radar and using compliant platforms such as Respondents to achieve his personal means of the kind of crook that he is and misappropriated another.
FINRA INDUSTRY AUTHORITY REGULATORY CASE NO In the Matter of Arbitration Ashlra Consulting LLC, a limited liability Co Claimant vs Cor Clearing LLC, Christopher Cervlno and Rafael Santiago as individuals Respondents STATEMENT OF CLAIM
11/17/2015 15 NOTICE OF MOTION re NOTICE OF MOTION AND MOTION for Preliminary Injunction re Enjoining Defendants from Pursuing a FINRA Arbitration . Motion 10 Amended Notice of Motion filed by Plaintiff COR Clearing, LLC. Motion set for hearing on 12/14/2015 at 09:00 AM before Judge Jesus G. Bernal. (Jenkins, Gayle) (Entered: 11/17/2015)
11/17/2015 14 NOTICE of Reassignment filed by Plaintiff COR Clearing, LLC. (Jenkins, Gayle) (Entered: 11/17/2015)
11/16/2015 13 DECLARATION of Rafael Santiago in support of NOTICE OF MOTION AND MOTION to Intervene and Joinder to Plaintiff COR Clearing, LLC's Motion for Preliminary Injunction 12 filed by Intervenor Plaintiff Rafael Santiago. (Ecoff, Lawrence) (Entered: 11/16/2015)
11/16/2015 12 NOTICE OF MOTION AND MOTION to Intervene and Joinder to Plaintiff COR Clearing, LLC's Motion for Preliminary Injunction filed by Plaintiff-Intervenor Rafael Santiago. Motion set for hearing on 12/14/2015 at 02:00 PM before Judge Jesus G. Bernal. (Attorney Lawrence C Ecoff added to party Rafael Santiago(pty:intvp)) (Ecoff, Lawrence) (Entered: 11/16/2015)
11/13/2015 11 ORDER RE TRANSFER PURSUANT TO GENERAL ORDER 14-03 -Related Case- filed. Related Case No: 5:15-cv-00668-JGB(KKx). Case transferred from Magistrate Judge David T. Bristow and Judge Virginia A. Phillips to Judge Jesus G. Bernal and Magistrate Judge Kenly Kiya Kato for all further proceedings. The case number will now reflect the initials of the transferee Judge 5:15-cv-02299-JGB(KKx). Signed by Judge Jesus G. Bernal (vp) (Entered: 11/16/2015)
Plaintiff COR Clearing, LLC a limited liability company represented by David Lawrence Aronoff Winston and Strawn LLP 333 South Grand Avenue 38th Floor Los Angeles, CA 90071-1543 213-615-1700 Fax: 213-615-1750 Email: daronoff@winston.com LEAD ATTORNEY ATTORNEY TO BE NOTICED
Stephanie Marie Leonard Winston and Strawn LLP 333 South Grand Avenue 38th Floor Los Angeles, CA 90071-1543 213-615-1700 Fax: 213-615-1750 Email: sleonard@winston.com ATTORNEY TO BE NOTICED
Gayle I Jenkins Winston and Strawn LLP 333 South Grand Avenue 38th Floor Los Angeles, CA 90071-1543 213-615-1700 Fax: 213-615-1750 Email: gjenkins@winston.com ATTORNEY TO BE NOTICED
V. Intervenor Plaintiff Rafael Santiago represented by Lawrence C Ecoff Ecoff Landsberg LLP 280 South Beverly Drive Suite 504 Beverly Hills, CA 90212 310-887-1850 Fax: 310-887-1855 Email: ecoff@ecofflandsberg.com ATTORNEY TO BE NOTICED
V. Defendant ASHIRA CONSULTING, LLC a limited liability company Defendant Sheik Fidrosh Khan an individual also known as Abida Khan Defendant Alia S. Khan an individual
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