Seymour v. A.G. Edwards & Sons, Inc., FINRA Case No. 08-02041
A Barrasso Usdin team convinced an arbitration panel to dismiss an arbitration claim at the close of the claimant’s evidence, based on an argument that the claim was barred by Mississippi’s statute of limitations. The Panel unanimously decided the claim was too stale to survive, notwithstanding the claimant’s arguments that arbitration proceedings are not subject to limitations and that his claims survived because of equitable tolling. The firm then moved for expungement of the case from the registered representative’s records maintained with the Central Registration Depository of FINRA, which the panel granted after argument. The Barrasso Usdin team was led by George C. Freeman, III.