Bedard v. Brewer Financial Services, LLC

Fabricant, Judith, J.

INTRODUCTION

This action arises from alleged misconduct of a securities broker-dealer and its representative in managing investments for the plaintiffs. Before the Court is the motion of two defendants, broker-dealer Brewer Financial Services, LLC, and its representative, Gregory Friel, to dismiss or to compel arbitration, based on an arbitration provision in a written contract. Plaintiffs contend that the arbitration provision is unenforceable because the defendant broker-dealer is no longer a member of the Financial Industry Regula*316tory Authority (FINRA). For the reasons…