Facts

Claimant Troy Nicholas Tremblay filed a statement of claim against respondent Centaurus Financial, Inc. seeking espungement of a customer complaint and a FINRA arbitration from his Central Registration Depository records.

CLAIMANT'S CONTENTIONS: Claimant requested expungement of the underlying claims and $1.00 in compensatory damages.

RESPONDENT'S CONTENTIONS: Respondent did not oppose the allegations but it reserved the right to oppose future changes in the allegations. Responded requested denial of all other requests for relief, including the request for compensatory damages.

Result

The Arbitrator recommended expungement of all references to the underlying claims from registration records maintained by the CRD, for Claimant, because the risks were disclosed and acknowledged by the customer and there was no omission or commission that led to the deterioration of the investment. Claimant's request for $1.00 in compensatory damages was denied.

Other Information

ARBITRATOR: Joyce L. Hurtley.