Aiguier v. Financial Industry Regulatory Authority, Inc.

Kaplan, Mitchell H., J.

I. INTRODUCTION

This case, once again, raises the issue of whether, or pursuant to what standard, the Superior Court may adjudicate a claim made by a registered representative of a securities broker-dealer that he is entitled to have records of customer complaints expunged from the data bases maintained by defendant Financial Industry Regulatory Authority, Inc. (FINRA). Plaintiff Dustin Aiguier was formerly a registered representative of New York Life Securities, LLC (NYLife). While with NYLife, four complaints were lodged against him by six of his customers (including…