Securities
Breach of Contract
Negligent Supervision
Medhat Yacoub v. Fidelity Brokerage Services LLC
Published: Jun. 14, 2019 | Result Date: May 1, 2019 | Filing Date: Jul. 13, 2017 |Case number: FINRA: 17-01859 Arbitration – Expungement
Facts
Medhat Yacoub filed an arbitration claim against Fidelity Brokerage Services LLC in relation to his investment in VelocityShares 3x Long Crude Oil ETN.
Contentions
CLAIMANT'S CONTENTIONS: Yacoub asserted causes of action for negligent supervision, failure to supervise, negligence breach of fiduciary duty, breach of contract, misrepresentations, and omissions.
RESPONDENT'S CONTENTIONS: Respondent denied the allegations.
Result
The arbitrator recommended expungement of the matter.
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