Rhonda Grallnick v. Charles Schwab & Co. Inc.
Published: Apr. 15, 2017 | Result Date: Mar. 8, 2017 | Filing Date: Jan. 1, 1900 |Case number: 16-01441 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
Jonathan E. Neuman
(Law Offices of Jonathan E. Neuman)
Respondent
Kevin H. Lewis
(Charles Schwab & Co Inc.)
Facts
Rhonda Grallnick filed a claim against Charles Schwab & Co. Inc., related to unspecified securities.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant asserted causes of action for unsuitability in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, breach of fiduciary duty, negligent failure to supervise, and fraud.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations and asserted various affirmative defenses. Respondent sought to dismiss the action on statute of limitations grounds.
Damages
Grallnick sought $700,000 in compensatory damages.
Result
The FINRA Panel denied Grallnicks' claim in its entirety.
Other Information
ARBITRATORS: Laura A. Kaster, Rochelle K. Kaplan, Gerald S. Smith.
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