22-01082 Albert Konetzni, Alexander Uzaga, Allen Bealer, Arnold Anderson, Bonnie Smith, Brian Nordhagen, Bruce Ferris, Bruce Smith, Bryan Forstman, Catherin Clayton, Craig Mcivor, Dan Roark, Dan Shalhoub, Daniel Huntley, David Briss, David Chaplin, David Clayton, David Gable, David Gillespie, David Iverson, David Kolesar, David Parta, David Petterson, David York, Dennis Knight, Dennis Mcbroom, Denny Lenz, Diane Jones, Dominic Frio, Donald Bishop, Douglas Williams, Dustin McCurdy, Eddie Fischer, Eddie Yaklin, Fredrick Johnson, Gary Beck, Gary Carlisle, Gerald Johnson, Gordon Smith, Grant Lambert, Greg Pravecek, Harvey Cohen, Harvey Segal, Henry Salomonsky, Holly Fleschler, Huxley Richardson, James Knapp, James Schwartz, Janet Silke, Jason Guzak, Jeffrey Hipp, Jeffry Pickens, Jerome Finn, John Boucher, John Loy, John Restivo, Johnathan Teske, Joseph Acquarulo, Keith Bostrom, Kenneth Clark, Kent Penrod, Kerry Hopkins, Kevin Benz, Kevin Thurston, Lance Oslinker, Lawrence Clarke, Maria Roark, Mark Siegel, Marshall Reid, Martin Pressman, Marvin Rietema, Matthew Whitmus, Michael Backus, Michael Thomas, Michael Winje, Miguel Tavarez, Nathan Iverson, Oystein Haaverstad, Perviz Guard, Renae Bostrom, Richard Curry, Richard Dawalt, Richard McGinnis, Richard O'brien, Robert Hayes, Robert Odenheimer, Robert Winter Burkett, Rodney Krab, Roger Lynn, Ronald Gagnon, Ronald Miller, Russell Piburn, Scott Haag, Scott Welch, Shirley Lane-Konetzni, Stanley Fleischer, Stephen Collins, Stephen Fleschler, Steven Brown, Stuart Laan, Ted Brown, Terry Murff, Theodore Hovda, Theresa Ferris, Thomas Hodd, Thomas Riddle, Thomas Skjold, Thomas Woosley, William Siefert, William Silke, Pravecek Bros Inc., Estate Of Serena I. Cohen v. Axos Clearing LLC

Why it matters

Albert Konetzni, Alexander Uzaga, Allen Bealer, Arnold Anderson, Bonnie Smith, Brian Nordhagen, Bruce Ferris, Bruce Smith, Bryan Forstman, Catherin Clayton, Craig Mcivor, Dan Roark, Dan Shalhoub, Daniel Huntley, David Briss, David Chaplin, David Clayton, David Gable, David Gillespie, David Iverson, David Kolesar, David Parta, David Petterson, David York, Dennis Knight, Dennis Mcbroom, Denny Lenz, Diane Jones, Dominic Frio, Donald Bishop, Douglas Williams, Dustin McCurdy, Eddie Fischer, Eddie Yaklin, Fredrick Johnson, Gary Beck, Gary Carlisle, Gerald Johnson, Gordon Smith, Grant Lambert, Greg Pravecek, Harvey Cohen, Harvey Segal, Henry Salomonsky, Holly Fleschler, Huxley Richardson, James Knapp, James Schwartz, Janet Silke, Jason Guzak, Jeffrey Hipp, Jeffry Pickens, Jerome Finn, John Boucher, John Loy, John Restivo, Johnathan Teske, Joseph Acquarulo, Keith Bostrom, Kenneth Clark, Kent Penrod, Kerry Hopkins, Kevin Benz, Kevin Thurston, Lance Oslinker, Lawrence Clarke, Maria Roark, Mark Siegel, Marshall Reid, Martin Pressman, Marvin Rietema, Matthew Whitmus, Michael Backus, Michael Thomas, Michael Winje, Miguel Tavarez, Nathan Iverson, Oystein Haaverstad, Perviz Guard, Renae Bostrom, Richard Curry, Richard Dawalt, Richard McGinnis, Richard O'brien, Robert Hayes, Robert Odenheimer, Robert Winter Burkett, Rodney Krab, Roger Lynn, Ronald Gagnon, Ronald Miller, Russell Piburn, Scott Haag, Scott Welch, Shirley Lane-Konetzni, Stanley Fleischer, Stephen Collins, Stephen Fleschler, Steven Brown, Stuart Laan, Ted Brown, Terry Murff, Theodore Hovda, Theresa Ferris, Thomas Hodd, Thomas Riddle, Thomas Skjold, Thomas Woosley, William Siefert, William Silke, Pravecek Bros Inc., Estate Of Serena I. Cohen v. Axos Clearing LLC, decided in FINRA arbitration. In this case a dispute between parties in the US securities industry. For a student, it shows how FINRA arbitration works: the binding, largely private forum where the great majority of US securities disputes are resolved instead of the courts, with awards enforceable in court and open to challenge only on narrow grounds.

Summary

Albert Konetzni, Alexander Uzaga, Allen Bealer, Arnold Anderson, Bonnie Smith, Brian Nordhagen, Bruce Ferris, Bruce Smith, Bryan Forstman, Catherin Clayton, Craig Mcivor, Dan Roark, Dan Shalhoub, Daniel Huntley, David Briss, David Chaplin, David Clayton, David Gable, David Gillespie, David Iverson, David Kolesar, David Parta, David Petterson, David York, Dennis Knight, Dennis Mcbroom, Denny Lenz, Diane Jones, Dominic Frio, Donald Bishop, Douglas Williams, Dustin McCurdy, Eddie Fischer, Eddie Yaklin, Fredrick Johnson, Gary Beck, Gary Carlisle, Gerald Johnson, Gordon Smith, Grant Lambert, Greg Pravecek, Harvey Cohen, Harvey Segal, Henry Salomonsky, Holly Fleschler, Huxley Richardson, James Knapp, James Schwartz, Janet Silke, Jason Guzak, Jeffrey Hipp, Jeffry Pickens, Jerome Finn, John Boucher, John Loy, John Restivo, Johnathan Teske, Joseph Acquarulo, Keith Bostrom, Kenneth Clark, Kent Penrod, Kerry Hopkins, Kevin Benz, Kevin Thurston, Lance Oslinker, Lawrence Clarke, Maria Roark, Mark Siegel, Marshall Reid, Martin Pressman, Marvin Rietema, Matthew Whitmus, Michael Backus, Michael Thomas, Michael Winje, Miguel Tavarez, Nathan Iverson, Oystein Haaverstad, Perviz Guard, Renae Bostrom, Richard Curry, Richard Dawalt, Richard McGinnis, Richard O'brien, Robert Hayes, Robert Odenheimer, Robert Winter Burkett, Rodney Krab, Roger Lynn, Ronald Gagnon, Ronald Miller, Russell Piburn, Scott Haag, Scott Welch, Shirley Lane-Konetzni, Stanley Fleischer, Stephen Collins, Stephen Fleschler, Steven Brown, Stuart Laan, Ted Brown, Terry Murff, Theodore Hovda, Theresa Ferris, Thomas Hodd, Thomas Riddle, Thomas Skjold, Thomas Woosley, William Siefert, William Silke, Pravecek Bros Inc., Estate Of Serena I. Cohen v. Axos Clearing LLC: a FINRA arbitration award (case 22-01082), 06/05/2026. The panel's decision is set out in the award.

The detail

Parties: Albert Konetzni, Alexander Uzaga, Allen Bealer, Arnold Anderson, Bonnie Smith, Brian Nordhagen, Bruce Ferris, Bruce Smith, Bryan Forstman, Catherin Clayton, Craig Mcivor, Dan Roark, Dan Shalhoub, Daniel Huntley, David Briss, David Chaplin, David Clayton, David Gable, David Gillespie, David Iverson, David Kolesar, David Parta, David Petterson, David York, Dennis Knight, Dennis Mcbroom, Denny Lenz, Diane Jones, Dominic Frio, Donald Bishop, Douglas Williams, Dustin McCurdy, Eddie Fischer, Eddie Yaklin, Fredrick Johnson, Gary Beck, Gary Carlisle, Gerald Johnson, Gordon Smith, Grant Lambert, Greg Pravecek, Harvey Cohen, Harvey Segal, Henry Salomonsky, Holly Fleschler, Huxley Richardson, James Knapp, James Schwartz, Janet Silke, Jason Guzak, Jeffrey Hipp, Jeffry Pickens, Jerome Finn, John Boucher, John Loy, John Restivo, Johnathan Teske, Joseph Acquarulo, Keith Bostrom, Kenneth Clark, Kent Penrod, Kerry Hopkins, Kevin Benz, Kevin Thurston, Lance Oslinker, Lawrence Clarke, Maria Roark, Mark Siegel, Marshall Reid, Martin Pressman, Marvin Rietema, Matthew Whitmus, Michael Backus, Michael Thomas, Michael Winje, Miguel Tavarez, Nathan Iverson, Oystein Haaverstad, Perviz Guard, Renae Bostrom, Richard Curry, Richard Dawalt, Richard McGinnis, Richard O'brien, Robert Hayes, Robert Odenheimer, Robert Winter Burkett, Rodney Krab, Roger Lynn, Ronald Gagnon, Ronald Miller, Russell Piburn, Scott Haag, Scott Welch, Shirley Lane-Konetzni, Stanley Fleischer, Stephen Collins, Stephen Fleschler, Steven Brown, Stuart Laan, Ted Brown, Terry Murff, Theodore Hovda, Theresa Ferris, Thomas Hodd, Thomas Riddle, Thomas Skjold, Thomas Woosley, William Siefert, William Silke, Pravecek Bros Inc., Estate Of Serena I. Cohen v. Axos Clearing LLC

Case number: FINRA Case No. 22-01082(2)

Outcome: See the original for the panel's decision.

Applicable law: FINRA Code of Arbitration Procedure; United States securities law; the parties' brokerage agreement.

Issues in play: An investor's or an industry member's claim, decided in FINRA's arbitration forum rather than the courts.

Read the full decision at FINRA Arbitration Awards Online ↗

Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.

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