Panel Dismisses Claimant’s Claims Without Prejudice in Their Entirety Pursuant to Rule 12504 of the Code for Lack of FINRA Jurisdiction

The claimant’s claim related to the alleged unsuitability of her investment in CFSI stock. However, the panel unanimously granted the respondents’, Moody Capital and Rosenstein, motion to dismiss pursuant to FINRA Rule 12504. 

Specifically, for various reasons, including that the claimant never held a customer account with the respondents containing any of the securities at issue, the panel found the respondents were not associated with the account(s), security(ies) or conduct at issue in the Statement of Claim. 

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