Mary Jo Metro v. Morgan Stanley & Co. LLC
Published: Mar. 25, 2017 | Result Date: Feb. 23, 2017 | Filing Date: Jan. 1, 1900 |Case number: 15-03104 Arbitration – Expungement Denied
Facts
Mary Metro filed a complaint against Morgan Stanley & Co. LLC, in connection with the management of her investments.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant asserted causes of action for violation of various federal and Washington state securities laws, failure to supervise, breach of fiduciary duty, misrepresentations/non-disclosures, omission of facts, suitability, breach of contract, negligence, and breach of good faith and fair dealing.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations and asserted various affirmative defenses.
Damages
Metro sought more than $300,000 in compensatory damages plus attorney fees.
Result
The FINRA Panel denied Metro's claim in their entirety and likewise denied non-parties' requests for expungement of their respective CRD records.
Other Information
ARBITRATORS: Laurel L. Gothelf, William P. Bergsten, William J. Brack.
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