Securities
Breach of Contract
Negligence and Negligent Supervision
Mehmet Akin, Adrian Akin v. E-Trade Securities LLC
Published: Dec. 10, 2016 | Result Date: Oct. 20, 2016 | Filing Date: Jan. 1, 1900 |Case number: 15-03254 Arbitration – Respondent
Court
FINRA
Attorneys
Claimant
Mark E. Maddox
(Maddox, Hargett & Caruso PC)
Respondent
Meredith F. Hoffman
(E-Trade Securities LLC)
Facts
Claimants initiated arbitration pursuant to FINRA relating to their account with E-Trade Securities LLC.
Contentions
CLAIMANTS' CONTENTIONS:
Claimants contended that respondent unreasonably froze their account while they were attempting to sell 200,000 shares of AVRN stock, causing them to suffer monetary damages.
RESPONDENT'S CONTENTIONS:
Respondent denied wrongdoing and asserted various affirmative defenses.
Result
The arbitration panel denied all of claimants' claims.
Other Information
ARBITRATORS: William M. Getzoff, Lawrence W. Arness, William G. Heller.
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