ARBchek - Arbitrator Research Base

1. Dietze v. Estrada FINRA ID #24-01209 (San Francisco, CA, 2025-05-16) – An Arbitrator grants one named Respondent broker-dealer's Pre-Hearing Motion to Dismiss pursuant to FINRA Rule 12504(a)(6)(B)(not associated with the security, conduct, or account in dispute) and dismisses the customer's remaining claims in this matter after finding the annuity she purchased was suitable given her age and investment needs. Respondent broker is granted his request for expungement of this matter from his CRD record despite the objection of the customer.

2. Stickler v. Ameriprise Financial FINRA ID #24-02410 (Chicago, IL, 2025-05-16) – A Panel explains why it has decided to dismiss (sua sponte) a broker's request for expungement of a customer complaint from her CRD record pursuant to FINRA Rule 13206(a) (Six-year Eligibility Rule for Industry Disputes) after finding that the complaint was submitted and closed more than 19 years prior to the filing of the Statement of Claim and is therefore ineligible under the applicable statute of limitations.

3. US Capital v. SOM Innovation FINRA ID #24-00920 (New York, NY, 2025-05-23) – In this investment banking dispute, a Panel holds Respondent liable to Claimant broker-dealer for liquidated damages after finding that Respondent failed to show that said broker-dealer breached its contract by failing to fulfill its duties in securing additional investors to purchase interest in SOM Innovation Biotech SA.