Tag: Selling Away


Court Compels Arbitration by Firm in Selling Away Case

 Court Compels Arbitration in Selling Away Case  Customer is “customer” of broker, therefore he is a customer of the firm? Summit Brokerage Services, Inc. v. Cooksley, Case No.: CA 02-11137 AO (Fla. Cir. Ct., 15Dist., 11/1/02). Agreement to Arbitrate * SRO Rules (NASD Rule 10301) * Statutory Definitions (“Customer”) * […]

Arbitration Brokers Investors

Selling Away Claims Denied in Arbitration

Firm Still Must Pay $32,000 In Forum and Related Fees ROBINSON v. FIRST ALLIED SECURITIES, INC., NASD ID #99-04441 (Pittsburgh, 9/25/01): This “selling away” case involved thirteen separately filed arbitrations that were consolidated for pre-hearing and hearing purposes. By the time of the hearing, the broker had declared bankruptcy, leaving […]