Arbitration

In addition to winning a $25,000 award, ex-J.P. Morgan rep Mihail Naumovski was able to expunge erroneous information on his Form U5 that he violated investment-related regulations.

The firm falsely claimed on his Form U5 that he deliberately changed a customer’s address from California to New Hampshire to facilitate the sale of an annuity, the broker alleged.

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.

The broker misappropriated his clients’ investment money for rent, credit card bills and other personal uses, investigators say.

National Financial Services accused the brokers' former IBD of breach of contract in a case displaying the complexities of such moves.

The regulator moved to eliminate a $400 fee for “explained decisions.”

Steven A. Cohen’s firm says a female executive is required by her employment contract to confidentially arbitrate her dispute with the asset manager.

Investors were bilked out of approximately $611,000, say federal prosecutors.

Fearing the broker would leave, Citi distorted incidents he had with two colleagues in order to fire him and take his $200 million book of business, the broker’s lawyer says.

Pinnacle Investments tapped Ami Forte despite her ongoing legal struggles with her former firm and Home Shopping Network founder Roy Speer’s estate.