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Arbitration Details

JCC INC NFA ID: 0001612

An NFA Arbitration claim is a futures or forex related dispute involving a customer and an NFA Member (or employee) or Associate. It is not a regulatory action.
NFA only discloses information concerning arbitration cases that have been decided by an arbitration panel. NFA does not release the names of parties who have settled their parts in the cases. Furthermore, NFA does not report or release information on cases that closed before January 1, 1990, cases that are still pending, or cases that were settled, withdrawn or rejected. Therefore, the number of NFA Arbitration Decisions reflects the total number of claims filed in NFA Arbitration that were decided by an arbitration panel. These decisions may have been decided in favor of the Claimant or Respondent.
Effective January 1, 2000, NFA discloses the names of persons who represent parties in NFA customer arbitration proceedings if the matters were decided by an arbitration panel. As of the same date, customers may no longer ask NFA to keep their identities confidential.

Case Summary
 Case No.FiledDecision DateProduct
 92ARB0014508/19/199205/04/1993Options (Domestic Exchange)
Summary of Parties
 CustomersMembersRepresentatives
• ANN SOUTHER•  JCC INC
• LARRY ALAN KAHN
• SEAN PATRICK MURPHY
• JOHN CONNOLLY
• JAY BRUCE GROSSMAN
Proceeding Details
 Panel TypeNumber of ArbitratorsProceeding TypeLocation (City, State)
 NON-MEMBER3HEARINGWASHINGTON, DC
Summary of Awards and Claims
 Type Claim Amount Counter Claim 3rd Party Claim Cross Claim
 
Compensatory
Punitive
Treble
Interest
Attorney Fees
Costs
 Claim Award
$30,000.00$4,800.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
Summary of Issues
VIOLATION OF SECTION 4C(B) OF THE CEA AND CFTC REGULATION 33.10 FOR FRAUD, CHURNING AND BREACH OF FIDUCIARY OBLIGATIONS; VIOLATION OF SECTION 2(A)(1)(A) OF THE CEA AND CFTC REGULATION 166.3 FOR FAILURE TO SUPERVISE; VIOLATION OF SECTION 13(A) OF THE CEA FOR RESPONDENTS HAVE AIDED, ABETTED AND ACTED IN CONCERT IN THE ABOVE VIOLATIONS; BREACH OF WRITTEN AND ORAL CONTRACT; COMMON LAW FRAUD AND DECEIT, AND NEGLIGENCE; VIOLATION OF NFA COMPLIANCE RULE 2-2 (FRAUD); RULE 2-29 (FALSE AND DECEPTIVE COMMUNICATIONS AND HIGH PRESSURE SALES TACTICS); RULE 2-30 (FAILURE TO OBTAIN ADEQUATE CUSTOMER INFORMATION AND LACK OF DISCLOSURE); AND RULE 2-4 (FAILURE TO OBSERVE HIGH STANDARDS OF COMMERCIAL HONOR AND JUST AND EQUITABLE PRINCIPLES OF TRADE); WAIVER; ESTOPPEL; RATIFICATION; REBUTTAL/DENIAL; FAILURE TO STATE A CLAIM; AND STATUTE OF LIMITATIONS.

THIS MATTER IS DISMISSED AS TO RESPONDENTS MURPHY AND KAHN. RESPONDENT JCC INC. SHALL PAY TO CUSTOMER $4,800.00

 
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