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Securities
Securities Fraud
Unfair, Unlawful, Fraudulent Business Practices

Paul A. Heimberg, individually and as trustee of the Paul A. Heimberg Trust dated Aug. 22, 2007, sole member of the 1650 Sunflower 12, LLC; Warminster Business Center TIC 19, LLC v. Cincinnati Analysts Inc., Rabinder Singh Sekhon

Published: Jan. 16, 2016 | Result Date: Dec. 18, 2015 | Filing Date: Jan. 1, 1900 |

Case number: 14-02615 Arbitration –  Expungement

Court

FINRA


Attorneys

Claimant

Kalju Nekvasil


Respondent

Chad E. Weaver
(Freeman, Mathis & Gary LLP)

Jordan D. Maglich

Dominique E. Heller

Peter B. King


Facts

Paul A. Heimberg filed a statement of claim against broker Rabinder Sekhon and Cincinnati Analysts Inc.

Contentions

CLAIMANT'S CONTENTIONS:
Heimberg contended that respondents violated the law relating to his investments in two real estate investment programs.

Heimberg contended that respondents violated the law relating to his investments in two real estate investment programs. Claimant asserted claims of violations of federal and California securities laws, California unfair, unlawful and fraudulent business practices, California Financial Elder Abuse Law, breach of contract, common law fraud, and breach of fiduciary duty, negligence and gross negligence.

RESPONDENTS' CONTENTIONS:
Respondents denied Heimberg's contentions and asserted various affirmative defenses.

Damages

Heimberg sought $796,840 in damages.

Result

The parties settled their dispute and the arbitration panel granted Sekhon's request for expungement of all references to the arbitration at issue from Sekhon's registration records.

Other Information

ARBITRATORS: Herbert L. Greenberg, Arthur T. Berggren, Robert D. McKinley.


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