Facts

Robert Gill filed an arbitration claim against J.P. Turner & Co in relation to expungement of two occurrences on his Central Depository Registration records.

CLAIMANT'S CONTENTIONS: Gill requested expungement of a customer complaint from his Central Registration Depository because he contended the claim was false. The customer alleged that Gill engaged in churning and executed an unauthorized transaction. Gill contended that the customer's account was subject to a margin call. Thus, Gill claimed, the customer did not forward funds to J.P. Turner & Co and as a result, securities from the account were sold in order to meet the margin call. Gill also requested expungement of another occurrence on his record.

RESPONDENT'S CONTENTIONS: J.P. Turner & Co. did not oppose the requests for expungement.

Result

The arbitrator found that the customer complaint was false and recommended expungement. However, the arbitrator did not recommend expungement of the second occurrence on Gill's record because it found Gill did not satisfy the requirement of Rule 2080.