Bob Rogers, in his individual capacity, and as trustee of the Bobby and Michele Rogers Family Trust dated June 12, 2015 v. Morgan Stanley Smith Barney LLC, Robert Alan Nelson
Published: Dec. 28, 2018 | Result Date: Sep. 26, 2018 | Filing Date: Jul. 24, 2017 |Case number: FINRA: 17-01935 Arbitration – Respondent
Arbitrator
Attorneys
Claimant
Juan C. Castaneda
(Castaneda Lawyers PC)
Respondent
Nicholas Y. Lin
(Morgan Stanley Smith Barney)
Facts
Bob Rogers filed an arbitration claim against Morgan Stanley and Robert Nelson in relation to his investments in hedge funds.
Contentions
CLAIMANT'S CONTENTIONS: Rogers asserted breach of Securities Exchange Commission duties, breach of FINRA duties, breach of fiduciary care, constructive fraud, negligence, failure to supervise, unsuitability of investments, unjust enrichment and unfair competition against respondents in relation to investment in hedge funds.
RESPONDENTS' CONTENTIONS: Respondents denied the contentions.
Result
The panel found in favor of respondents and denied all of Rogers' claims because it found that Rogers had approved the investment as proposed by respondents.
Other Information
ARBITRATORS: Sally G. Williams, presiding chairperson; Thomas L. Marshall, Charles Chia-Lin Hsieh.
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