Raucher v. Ecker (FINRA Case No.: 20-03658)

Broker wins directed verdict but loses expungement request.

The claimant asserted allegations on behalf of her IRA and Family Trust, including breach of contract, fraud (unsuitable concentration) and elder abuse. After a full hearing on the merits, the Panel granted the respondent broker’s motion for directed verdict pursuant to FINRA Rule 12504(b). However, the Panel denied the respondent broker’s request for this matter to be expunged from his CRD record.


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