Anatomy of an Explained JAMS Award: To Defend Or Not To Defend
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By Harry A. Jacobowitz, Esq.

While most explained Awards focus on factual issues, Alderson v. deVere USA, Inc., JAMS ID #1425027170 (New York,

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Explained Award: Wilczynski vs. Aegis Capital Corp.
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EXPLAINED AWARD: WILCZYNSKI v. AEGIS CAPITAL CORP., FINRA ID #17-01664 (Washington, DC, 7/17/18).

The Six-Year Eligibility Rule (FINRA Rules 12206 and 13206) is unique to securities arbitration and,

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Explained Award: Jones vs. American Portfolios Financial Services Inc.
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JONES v. AMERICAN PORTFOLIOS FINANCIAL SERVICES, INC., FINRA ID #17-01414 (Baltimore, MD, 4/13/18).

This 20-page Award, involving a broker who became a beneficiary of his client’s Will,

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Award Survey: 2017 Punitive Damage Awards – Part II: Top Awards and Explanations
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In the first part of our survey on punitive damages (see SAA 2018-13 (Apr. 4)), we took a “forest-level” look at this type of relief,

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Explained Award: Deutsch v. Fidelity Brokerage Services LLC
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EXPLAINED AWARD: DEUTSCH v. FIDELITY BROKERAGE SERVICES LLC, FINRA ID #12-02759 (New York, NY, 7/28/17).

In this 15-page Award, the Panel disposes of two investors’ $125 million claim that the brokerage holding their accounts prevented them from taking control of a distressed company and selling it at a profit.

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Explained Award: Tullis v. Ameriprise Financial Services, Inc.
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EXPLAINED AWARD: TULLIS v. AMERIPRISE FINANCIAL SERVICES, INC., FINRA ID #16-01261 (Portland, OR, 6/27/17).

This Award includes a so-called “Dissenting Decision” that is largely a concurrence fleshing out in detail the majority’s one paragraph “Findings” in favor of the customer claimants;

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