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
Misappropriation

Charles Schwab & Co. Inc. v. Charles W. Ott, as trustee and sole beneficiary of the MBO Insurance Brokers Inc. profit sharing plan FBO Charles W. Ott

Published: Oct. 20, 2012 | Result Date: Sep. 19, 2012 | Filing Date: Jan. 1, 1900 |

Case number: 12-01083 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. Inc. filed a complaint against Charles Ott, as trustee and sole beneficiary of the MBO insurance Brokers Inc. profit sharing plan FBO Charles Ott, requesting expungement of Richard Zak's record relating to a FINRA case.

Result

The Panel recommended expungement of Zak's records upon finding that Zak was not involved in the alleged investment-related sales practice violation, forgery, theft, misappropriation, or conversion of funds.

Other Information

ARBITRATORS: Sterling N. Frost, Helen M. Blohm, James R. Dickson.


#91907

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

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