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Securities
Breach of Fiduciary Duty
Negligent Failure to Supervise

Karl Austin Pettijohn v. UBS Financial Services Inc.

Published: Nov. 12, 2016 | Result Date: Oct. 7, 2016 | Filing Date: Jan. 1, 1900 |

Case number: 15-03363 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Scott E. Rahn
(RMO LLP)


Respondent

William McClelland Montgomery
(Keesal, Young & Logan)


Facts

Claimant was a broker seeking expungement from his CRD record relating to an underlying arbitration involving a customer.

Contentions

CLAIMAINT'S CONTENTIONS:
Claimant contended that he was entitled to expungement because the underlying arbitration was directly a result of the failure of Lehman Brothers.

RESPONDENT'S CONTENTIONS:
Respondent did not oppose the request for expungement.

Result

The arbitrator recommended expungement.


#87112

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