FINRA Award To Ex-Raymond James Broker Vacated By Court

Law360, Los Angeles (February 10, 2014, 7:04 PM EST) -- In a rare ruling, a Massachusetts federal judge on Thursday vacated a Financial Industry Regulatory Authority Inc. arbitration panel's $636,000 award to a former Raymond James Financial Services Inc. broker who claimed he was wrongly terminated because of alleged alcohol abuse, finding the panel ignored the relevant statute of limitations.

U.S. District Judge Rya W. Zobel granted Raymond James' motion to vacate the award to Robert Michael Fenyk, who claimed the firm retaliated against him in violation of Vermont state law based on his disability as...
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