Duhame

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 7 NYLIFE SECURITIES, LLC, Case No. 20-cv-07413-JSC

Plaintiff,

ORDER RE: PRELIMINARY

v. INJUNCTION

RON DUHAME, et al., Re: Dkt. No. 12 Defendants.

13 Ron Duhame, Uliyan Koytchev Koev, and Kamran Sotoodeh (collectively “Defendants) initiated Financial Industry Regulatory Authority (“FINRA”) arbitration against NYLIFE Securities, LLC and its former registered agent Felix Chu. Defendants insist that FINRA Rule 12200 requires NYLIFE to arbitrate Defendants’ claims. By this action, NYLIFE seeks to enjoin the FINRA arbitration. While NYLIFE is a national securities broker-dealer and FINRA member, it insists that Rule 12200 does not apply to this dispute. Plaintiff’s motion for a preliminary injunction is now pending before the Court. (Dkt. No. 12.) Having considered the parties’ briefs and having had the benefit of oral argument on December 3, 2020, the Court GRANTS the motion for preliminary injunction. FINRA Rule 12200 does…