McLaughlin, Piven, Vogel, Inc. v. Gross

MEMORANDUM OF DECISION

McGLYNN, District Judge.

This is an appeal from an arbitration decision rendered pursuant to the small claims arbitration procedure of the Munici pal Securities Rulemaking Board (“the Board”)- The arbitration decision held petitioner, McLaughlin, Piven, Vogel, Inc. (“MPV”), liable to respondents, Sidney E. Gross and Irene L. Gross (“the Grosses”), in the amount of $2,500 for MPV’s failure to disclose early redemption features of municipal bonds purchased by the Grosses. MPV challenges the arbitration award alleging that the Board’s arbitration procedures deprived it of…