FINRA Arbitrators Hold That Terminated Merrill Lynch Broker Need Not Pay Merrill $3.3 Million Owing Under Promissory Note

On May 6, 2011, after an eight-day hearing, an arbitration panel of the Financial Industry Regulatory Authority, Inc. ("FINRA"), sitting in Philadelphia, Pennsylvania, held that a discharged broker of Bank of America Corp. ("BAC")'s Merrill Lynch, Pierce, Fenner & Smith...

FINRA Arbitration Panel Awards $6.8 Million To Former Wells Fargo Broker Under New Jersey Whistleblower Law

On July 6, 2011, after an 11-day hearing, an arbitration panel of the Financial Industry Regulatory Authority, Inc. ("FINRA"), sitting in Philadelphia, Pennsylvania, awarded compensatory damages of $4,300,000 to broker Gregory P. Kipple ("the claimant broker," "the broker...

FINRA Arbitration Panel In New York Awards $493,000 Unpaid Bonus To Former Citigroup Trader

In June 2011, an arbitration panel of the Financial Industry Regulatory Authority, Inc. ("FINRA") in New York awarded compensatory damages of $493,906, plus costs, to a high yield trader formerly employed by respondent Citigroup Global Markets, Inc. ("Citigroup Global Markets"...