FINRA Arbitration Panel In New York Awards $715,000 Unpaid Bonus To Former Barclays Investment Banker

In October 2010, an arbitration panel of the Financial Industry Regulatory Authority, Inc. ("FINRA") in New York awarded compensatory damages of $715,000, plus interest and costs, to an investment banker, formerly employed by respondent Barclays Capital Inc. ("Barclays"), for...

FINRA Arbitrators Hold That Discharged Employee Of Brokerage Firm Need Not Pay The Firm $75,000 Due Under Promissory Note

In Wells Fargo Investments v. Shaffer , FINRA Arbitration No. 10-00773 (Jan. 18, 2011) , claimant/counter-respondent Wells Fargo Investments, LLC ("Wells Fargo," the "brokerage firm," or the "firm") had made to respondent/counter-claimant Kenneth C. Shaffer ("Mr...