25-02387 Michael D'Andrea v. Sovereign Global Advisors, LLC
FINRA Dispute Resolution Services · Securities (FINRA) · United States · February 11, 2026
Why it matters
Michael D'Andrea v. Sovereign Global Advisors, LLC, decided in FINRA arbitration. In this case a customer or associated person brought a claim against Sovereign Global Advisors, LLC. 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
Michael D'Andrea v. Sovereign Global Advisors, LLC: a FINRA arbitration award (case 25-02387), 05/14/2026. The panel's decision is set out in the award.
The detail
Parties: Michael D'Andrea v. Sovereign Global Advisors, LLC
Case number: FINRA Case No. 25-02387
Outcome: Expungement request; recommendation subject to court confirmation.
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.