Ronald Cey, Frances Cey, Gilbert Solomon, Judy Solomon v. First Allied Securities Inc.
Published: Jun. 11, 2016 | Result Date: Apr. 27, 2016 | Filing Date: Jan. 1, 1900 |Case number: 15-02039 Arbitration – Expungement
Court
FINRA
Attorneys
Claimant
Adam J. Gana
(Gana Weinstein LLP)
Respondent
Valerie N. Gallo
(Winget Spadafora & Schwartzberg LLP)
Facts
Claimants Ronald Cey, Frances Cey, Gilbert Solomon, and Judy Solomon, brought claims against First Allied Securities Inc. relating to their investments in Fisker Automotive Holdings Inc.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants, including former professional baseball player Ron Cey, asserted causes of action for violation of FINRA Rules, violation of the Consumer Legal Remedies Act, violation of the Securities Act of 1933, suitability, fraudulent or negligent misrepresentations and omission of material information, and failure to supervise.
Result
The parties ultimately settled, and respondent then filed a motion for expungement of the matter from the Central Registration Depository record of non-party Creger. Claimants did not oppose, and the panel granted the motion.
Other Information
ARBITRATORS: Joyce L. Hurley, Annette G. Shepherd, Marvin B. Karelitz.
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