Lionel Albert Shaw v. Summit Brokerage Services Inc., Nicholas J. Agostino, Frederick Grodon Fram, Peter Anthony Maddox, Rebekah Joy Rutherford
Published: Jan. 25, 2019 | Result Date: Dec. 7, 2018 | Filing Date: Dec. 21, 2016 |Case number: FINRA: 16-03708
Arbitrator
Attorneys
Claimant
Garet D. O'Keefe
(O'Keefe & O'Keefe LLP)
Respondent
Michael Schwartzberg
(Winget, Spadafora & Schwartzberg LLP)
Facts
Lionel Shaw filed an arbitration claim against his former employer, Summit Brokerage Services, in relation to his termination.
Contentions
CLAIMANT'S CONTENTIONS: Shaw contended that respondents wrongly accused him of operating an outside business activity without approval when he worked for Summit. Shaw asserted causes of action for dereliction of duty, lack of proper discovery and oversight.
RESPONDENTS' CONTENTIONS: Respondents denied the contentions.
Result
The panel recommended expungement of the reason for termination and termination explanation filed by respondent because it was misleading and inaccurate.
Other Information
ARBITRATORS: Alden Sharp Adkins, presiding chairperson, Michelle Judy Brant, Roland Neil Burgess.
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