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Arbitration Details

UNIVERSAL COMMODITY CORPORATION NFA ID: 0244735

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.
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Case Summary
 Case No.FiledDecision DateProduct
 08ARB0006604/23/200803/10/2009
Summary of Parties
 CustomersMembersRepresentatives
• JOHNNY BROCK
• MAE BROCK
•  COMTRUST INC
• DENNIS RICHARD GEE
• ALBERT GONZALEZ
• ILEANA RACHEL NATASHA MARCHETTO
• STUART A MEHLER
• PETER FRANK SANTOVITO
•  UNIVERSAL COMMODITY CORPORATION
• RANDALL PLACE
• GARY M SINCLAIR
Proceeding Details
 Panel TypeNumber of ArbitratorsProceeding TypeLocation (City, State)
 NON-MEMBER3HEARINGATLANTA, GA
Summary of Awards and Claims
 Type Claim Amount Counter Claim 3rd Party Claim Cross Claim
 
Compensatory
Punitive
Treble
Interest
Attorney Fees
Costs
 Claim Award
$311,444.20$120,000.00
$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
Breach of contract, breach of fiduciary duty, negligence, common law fraud, churning, violation of NFA Rule 2-2(a), violation of NFA Rule 2-29(a)(1), violation of NFA Rule 2-29(a)(2), violation of NFA Rule 2-30, violation of NFA Rule 2-9(a), violation of NFA Rule 2-4, Claimants' request for attorneys fees, and costs.

Respondents Dennis Gee, Albert Gonzalez, Ileana Marchetto, and Peter Santovito were not present at the hearing. An Answer had been received from Albert Gonzalez, without the required filing fee. The fee was waived by the Panel.

We, being the arbitrators appointed to review and determine this matter in accordance with the Code of Arbitration of National Futures Association, hereby determine that the following relief shall be granted.

Comtrust Inc., Universal Commodity Corporation., Dennis Gee, Albert Gonzalez, Ileana Marchetto, Stuart Mehler and Peter Santovito are jointly and severally liable for the following award and shall pay to Johnny C. Brock Sr. and Evelyn Mae Brock:

All other relief requested is hereby denied, and each party shall bear its own costs and fees as incurred.

 
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