Ronnie Harper, individually and as trustee of the Ronnie Benny Harper Revocable Living Trust DTD 10/31/2002 v. Regal Advisory Services Inc.
Published: Sep. 1, 2017 | Result Date: Jun. 2, 2017 | Filing Date: Feb. 11, 2016 |Case number: FINRA - 16-00460 Arbitration – Expungement
Arbitrator
Attorneys
Claimant
Respondent
G. Thomas Fleming III
(Jones, Bell, Abbott, Fleming & Fitzgerald LLP)
Facts
Ronnie Harper sued Regal Advisory Services Inc. and Royal Alliance Associates Inc.
Contentions
CLAIMANT’S CONTENTIONS: Harper’s causes of action included constructive fraud, breach of fiduciary duty, and abuse of a dependent adult.
RESPONDENTS’ CONTENTIONS: Respondents denied Harper’s allegations.
Damages
Claimant sought general and special damages including $510,000 in lost principal. Claimant also sought exemplary and punitive damages in an unspecified amount, among other things.
Result
The Panel granted respondents’ request for expungement. The panel recommended expungement of all references to the arbitration proceeding from the Central Registration Depository’s registration records for unnamed party Lisa Lyons. Additionally, the panel found that Harper’s evidence failed to support his allegations. The arbitration panel’s central finding was that the claim or information was false.
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