Christopher A. Sanguigni v. E-Trade Securities LLC
Published: Nov. 15, 2014 | Result Date: Oct. 22, 2014 | Filing Date: Jan. 1, 1900 |Case number: 13-02834 Arbitration – Respondent
Facts
Christopher Sanguini filed for arbitration against E-Trade Securities LLC in relation to a stock certificate for his shares in Bancorp International Group Inc.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant alleged that he suffered damages due to respondent's failure to deliver the stock certificate.
RESPONDENT'S CONTENTIONS:
Respondent denied the claims and asserted defense.
Damages
Claimant sought registration and certification of the shares, $26,114 in actual damages, $1,706,985 in punitive damages, and $1,800 in filing fees and additional expenses.
Result
Finding claimant failed to comply with discovery provisions of the FINRA Code of Arbitration Procedure, the arbitration panel sanctioned claimant in the form of dismissal of claimant's claims with prejudice and assessment of forum fees associated with the case against claimant.
Other Information
ARBITRATORS: Robert S. Mautner, Robert S. McConnell and Cary L. Weissman.
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