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NY Court Confirms FINRA Expungement Award
New York Supreme Court confirms FINRA expungement award issued in favor of FINRA broker. See Hurtado v. Chase Investment Services Corp. and FINRA (653252/12)
By: Imbesi Christensen
Imbesi Christensen petitioned the court to confirm the award. On March 18, 2013, the Court issued an order confirming the FINRA award and mandating expungement.
A three person FINRA arbitration panel issued an award that recommended the expungement of Claimant Hurtado’s Form U5 as filed by Respondent Chase Investment Services. The panel ordered that the ‘Reason For Termination”
“After initially terminating Claudia Hurtado for an alleged violation of the firm’s Policies and Procedures (not securities related), the FINRA arbitration panel determined that the firm had not proven that Claudia Hurtado had violated the firm’s Policies and Procedures.”
The Panel further recommends that the answers to the Internal Review Disclosure Reporting Page Section 3 and Termination Disclosure Reporting Page Section 4 in the above Form U5 be expunged and replaced with the above replacement language. The panel further recommends that the answers to the Internal Review Disclosure Reporting Page Section 5(B) and Termination Disclosure Reporting Page Section 2 in the above Form U5 be expunged and changed to Employment Terminated for Other Reasons.
All three arbitrators concurred with the decision after several days of hearings. The Courts order mandated the changes as determined by the FINRA arbitration panel.