This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.

Securities
Expungement

Richard Maxey v. Valic Financial Advisors Inc., Brecek & Young Advisors Inc., Securities America Inc.

Published: Mar. 15, 2019 | Result Date: Jan. 11, 2019 | Filing Date: May 3, 2018 |

Case number: FINRA: 18-01738 Arbitration –  Expungement

Arbitrator

Sterling N. Frost


Attorneys

Claimant

Dochtor Kennedy
(AdvisorLaw LLC)

Owen Harnett
(HLBS Law)


Respondent

Chad E. Weaver
(Freeman, Mathis & Gary LLP) for Securities America Inc.

Cora E. MacLean
(McElroy, Deutsch, Mulvaney & Carpenter LLP) for Valic Financial Advisors


Facts

Richard Maxey filed an arbitration claim against Valic Financial Advisors Inc., Brecek & Young Advisors Inc., and Securities America Inc. in relation to two previously settled customer complaints that were reported in his Maxey's Central Registration Depository records.

Contentions

CLAIMANT'S CONTENTIONS: Claimant contended that both customer complaints were inaccurate.

RESPONDENTS' CONTENTIONS: Respondents denied the allegations.

Damages

Claimant requested that both customer complaints be expunged from his CRD records. Respondents requested that claimant's expungement request be denied.

Result

The Arbitrator recommended that references to both customer complaints be expunged from claimant's CRD records.


#131240

For reprint rights or to order a copy of your photo:

Email jeremy@reprintpros.com for prices.
Direct dial: 949-702-5390