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Arbitration Details

FXDIRECTDEALER LLC NFA ID: 0397435

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
 11ARB0007710/31/201110/25/2012
Summary of Parties
 CustomersMembersRepresentatives
•  OUR FAMILY TRUST
•  STEVENS FAMILY TRUST
•  FXDIRECTDEALER LLC• MICAH J HUGHES
• JAMES KOCH
• LAURENCE JAMES PINO
• ALFONZO STEVENS
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
$414,686.13$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$100,000.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$50,000.00$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
The following issues were presented to and decided by the undersigned Arbitrators: violation of Georgia Fair Business Practices Act of 1975 O.C.G.A. §10-1-393, Violation of Fair Business Practices Act of 1975 O.C.G. A. §10-1-390 et seq., breach of contract, breach of implied covenant of good faith and fair dealing, Claimants' request for attorneys' fees, Respondents request for attorneys' fees and Respondent's request to bar counsel.

We, being the Arbitrators appointed to hear and decide this matter in accordance with the Code of Arbitration of National Futures Association, hereby determined the following:

The above-captioned matter was heard on September 19, 2012 in Atlanta, Georgia. Claimants' counsel appeared by telephone only with permission of the Respondent and the Panel. Claimants were not present and did not present any evidence. Therefore, all claims of Stevens Family Trust and our Family Trust against FXDirectdealer, LLC, are denied and dismissed with prejudice.

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

 
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