← Broker database 2025-06-10
Bryan James Moskowitz Suspended for Failure to Comply with Arbitration Award
According to FINRA, Bryan James Moskowitz was suspended from association with any FINRA member firm for failure to comply with an arbitration award or related settlement pursuant to FINRA Rule Series 9554.
The suspension became effective on June 10, 2025. Moskowitz was based in Staten Island, New York and had CRD number 6063246. The matter involves FINRA Cases #20250858223 and #2018056490320.
FINRA Rule 9554 provides for suspension or bar of individuals who fail to pay arbitration awards, settlements, or restitution orders. This rule ensures that customers who prevail in arbitration proceedings can actually collect the amounts awarded to them.
When customers file arbitration claims against brokers and prevail, they are entitled to receive the amounts awarded. However, some brokers fail to pay these awards, leaving harmed customers without the compensation they deserve. FINRA's enforcement of payment obligations through suspensions helps ensure that arbitration awards are meaningful.
The suspension will remain in effect until Moskowitz pays the award or otherwise satisfies his obligations. While suspended, he cannot associate with any FINRA member firm in any capacity.
For investors, this case illustrates an important aspect of investor protection. FINRA arbitration provides a forum for resolving disputes between customers and brokers, and FINRA backs up arbitration awards with meaningful enforcement. Brokers who refuse to pay awards face suspension from the industry.
Investors can check whether a broker has unpaid arbitration awards using FINRA's BrokerCheck tool. Outstanding arbitration awards and related suspensions are disclosed in BrokerCheck reports and can be an important factor in deciding whether to do business with a particular broker.