Attorney Israel Klein Wins Another FINRA Arbitration; Award Expunges Customer Complaint
In the Matter of the FINRA Arbitration Case Number 18-03703. Arbitration award in favor of FINRA broker grants expungement of customer complaint listed on broker's Form U5.
By: Imbesi Law, P.C.
The FINRA broker's Form U5 initially listed a customer complaint alleging that the investment product recommended by the broker was not suitable for the client.
This negative information was publicly viewable on BrokerCheck and the FINRA broker's Form U5.
The FINRA broker filed a claim for arbitration requesting expungement of the customer complaint from his Form U5 and BrokerCheck report.
Attorney Israel Klein, of the law firm Imbesi Law P.C., represented the FINRA broker throughout the arbitration process and successfully obtained expungement of the FINRA broker's Form U5 following a hearing before a FINRA arbitrator.
The FINRA arbitrator's award, dated June 3, 2019, set forth:
"The Arbitrator recommends the expungement of all references to Occurrence Number 1944264 from registration records maintained by the Central Registration Depository . . . ."
The FINRA arbitrator held that the customer complaint was false and factually impossible or erroneous.
A copy of the decision can be obtained by accessing FINRA's website (Case Number 18-03703).
Imbesi Law P.C. represents both customers and brokers in FINRA Arbitration, including issues involving expungement of inaccurate information maintained in FINRA's CRD.
Imbesi Law P.C. Attorney Advertising 450 Seventh Avenue, New York, NY 10123.
No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Attorney advertising. Past success does not guarantee future success.
Israel Klein, Esq.
Imbesi Law, P.C.