Ahmad Baravati v. Josephthal, Lyon & Ross, Incorporated, and Peter Sheib

U.S. Court of Appeals, Seventh Circuit · Decided 1994-07-01

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POSNER, Chief Judge. Ahmad Baravati was employed as a broker in the Chicago office of Josephthal, Lyon Ross, Inc. (JLR), a New York securities firm that is a member of the National Association of Securities Dealers. JLR fired Baravati. The NASD requires that whenever a broker is terminated, the member firm that employed him must fill out and submit to the association a ter…

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