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

Charles Schwab & Co. Inc. v. Karen Fann Townsend Trust, Karl Townsend

Published: Feb. 9, 2013 | Result Date: Jan. 23, 2013 | Filing Date: Jan. 1, 1900 |

Case number: 12-02430 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Patrick R. Mahoney
(Law Offices of Patrick R. Mahoney PC)


Respondent

Thomas D. Mauriello
(Mauriello Law Firm APC)


Facts

Charles Schwab & Co. filed an arbitration matter against the Karen Fann Townsend Trust, requesting an order of expungement of Steven Melen's CRD Record as related to FINRA case No. 10-02880.

Respondents took no position in support of or in opposition to the action.

Result

The panel recommended the expungement of all references to FINRA case No. 10-02880 from Steven Melen's registration records. The panel found that Melen was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation, or conversion of funds.

Other Information

ARBITRATORS: Sterling N. Frost, D. Peter Gleichenhaus, James R. Dickson.


#82690

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

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