ARBchek - Arbitrator Research Base

1. Barni v. UBS Financial FINRA ID #24-01458 (San Francisco, CA, 2025-07-24) – In this big dollar award, a customer alleging misrepresentation with respect to his purchase of Tesla stock is awarded nearly $800,000 in total damages. Two Non-Party brokers both lose their respective requests for expungement (with prejudice) of this matter from their CRD records after the unanimous decision of the Panel.

2. Henke v. PFS Investments FINRA ID #24-01366 (Milwaukee, WI, 2025-07-31) – In this selling away case, a customer alleging that Respondent broker failed to make any payments with respect to a loan (in the form of a promissory note) in which he borrowed $100,000 despite the promise that he would to return the principle and immediately submit an additional $50,000 is awarded compensatory damages, along with attorney fees incurred in this matter.