Charles J. Young, D.D.S. Inc. PSP, Charles D. Young, D.D.S. v. Newport Coast Securities, Gordon Patrick Carlson
Published: Dec. 3, 2011 | Result Date: Nov. 11, 2011 | Filing Date: Jan. 1, 1900 |Case number: 09-06462 Arbitration – Expungement
Court
FINRA
Attorneys
Claimant
Robert J. Girard
(Girard Bengali APC)
Michael Blumenfeld
(Freeman Freeman & Smiley LLP)
Respondent
Facts
Charles J. Young DDS Inc. PSP and Charles J. Young DDS filed a claim against Newport Coast Securities and Gordon Carlson in connection with an investment in MRN4 LLC.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants alleged violation of FINRA Rules 2370, 3030, 3040, and 21150. In addition, claimants alleged fraud, material misrepresentations and omissions, unsuitable recommendations, breach of fiduciary duty, failure to supervise, and financial abuse of an elder.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations of misconduct.
Damages
Claimants sought over $600,000.
Result
The arbitration panel found that the claim was false, and recommended expungement.
Other Information
ARBITRATORS: James A. Sigler, Anita Rae Shapiro, Henry Marris Wollman.
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