Defense award in FINRA arbitration where claimant sought $22 Million.

The claimant was seeking $22 million in damages in a Financial Industry Regulatory Authority (FINRA) arbitration hearing. The week-long arbitration proceeding was conducted via Zoom. The three-member arbitration panel deliberated for three weeks before unanimously dismissing the claimant’s claims in their entirety. The primary issue was an alleged Ponzi scheme involving an investment in a coal mining operation.