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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cases that were settled, withdrawn or rejected.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.
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| 94ARB00018 | 02/22/1994 | 10/03/1994 | Options (Domestic Exchange) |
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| • ROBERT SHERMAN | • GARY JACK HERICK
• JCC INC
• JAMES JOHN KERR
• RAUL H MACHIN | • GARY FEDER |
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| $6,316.50 | $700.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
| |
| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
| |
| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| | | PRELIMINARY HEARING SUMMARY OF ISSUES: WHETHER THE MOTIONS TO DISMISS FILED BY RESPONDENTS KERR AND JCC, INC. SHOULD BE GRANTED. MOTIONS TO DISMISS FOR LACK OF LIABILITY GRANTED AS TO KERR AND JCC. CASE PROCEEDS AGAINST OTHER PARTIES.
HEARING SUMMARY OF ISSUES: MISREPRESENTATION, HIGH PRESSURE SALES TACTICS, FAILURE TO MONITOR ACCOUNT, TRADING ACCOUNT TO GENERATE COMMISSIONS AND WITHOUT CONCERN FOR CLAIMANT'S BEST INTERESTS, FILING OF A FRIVOLOUS CLAIM AND REQUEST FOR COSTS INCURRED IN DEFENDING CLAIM.
RESPONDENT GARY HERICK SHALL PAY TO CUSTOMER CLAIMANT $700.00. THIS CASE IS DISMISSED WITH PREJUDICE AS IT PERTAINS TO RESPONDENT RAUL MACHIN. | | | | |
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