Claimant amended the Statement of Claim prior to service of the claim. Although the claim is entitled Amended Statement of Claim, it is deemed the only Statement of Claim filed in this case.
Respondent J.P. Morgan Securities LLC generally denied the allegations and asserted various affirmative defenses.
For Claimant Bradley Aaron Sayre ("Claimant): Kevin J. Mirch, Esq., Mirch Law Firm LLP, San Diego, CaliforniaFor Respondent J.P. Morgan Securities LLC ("Respondent): Jeffrey S. Dunlap, Esq., Ulmer & Berne LLP, Cleveland, Ohio
[M]s. Marie Mirch, an attorney and wife of Mr. Mirch, Claimant's counsel, then informed all the parties that she had to take Mr. Mirch to see a doctor and that Claimant himself had left to be with his wife who was giving birth. Ms. Mirch made an oral motion for an indefinite postponement of the hearing. Respondents counsel objected to the postponement request. The Panel recessed the hearing to deliberate its ruling on the motion. The Panel reconvened the hearing and requested Ms. Mirch return the following day at 9:00 a.m. with information on Mr. Mirch's medical condition and when Mr. Mirch would be available to continue the hearing. Ms. Mirch stated that she did not believe she could represent the Claimant, although she had acted on the case previously. At this time, the Panel did not take any action on Ms. Mirch's oral motion for an indefinite postponement of the hearing. The session concluded at approximately 2:00 p.m.Following the closing of the session, in an executive session, the Panel discussed the possible actions available, including:
1. Granting the motion and any parameters to be set to assure the integrity of the process;2. Denying the motion and any parameters to be set to assure the integrity of the process;3. Dismissing the case without prejudice;4. Dismissing the case with prejudice; and5. Any other possible action.
The Panel wanted to confirm that all parties received proper consideration, the integrity of the hearing process would be assured, and that the final action of the Panel would stand up to scrutiny.On July 19, 2017 at 9:00 a.m., the Panel, Respondent's counsel, and Ms. Mirch were available to convene the session. Ms. Mirch was asked for the information previously requested, the medical condition of Mr. Mirch and his availability for resuming the hearing. The Panel also requested information on Claimant's failure to appear and the Claimants future availability as a participant in the hearing. Ms. Mirch responded that she had not brought her husband to the doctor as yet. The Panel informed Ms. Mirch that the information was still required, and that the Panel would conclude this session. Ms. Mirch was instructed to provide the requested information for the afternoon session which would convene at 3:00 p.m. The session was concluded at approximately 9:30 a.m.The Panel retired to executive session spending time individually and as a Panel, examining Claimants exhibits, Claimant's Statement of Claim, FINRA Rules, and other appropriate documents in the case file. The Panel continued in this activity with a break only for lunch.That same day at 3:00 p.m., the Panel and Respondents counsel were available to convene the session. Ms. Mirch arrived at approximately 3:10 p.m. and the session was convened. Ms. Mirch brought two memos, marked M-1 and M-2. The memo from the Claimant indicated that he was attending to his wife and new child, and would not be available for 12 weeks. The memo regarding Mr. Mirch's health gave no date of actual availability to return, but indicated that he could not return for the remainder of this week, i.e. through July 21, 2017. Ms. Mirch again made an oral motion for an indefinite postponement of the hearing and reiterated that she could not represent the Claimant. Respondent's counsel again objected to Ms. Mirch's motion. The Panel recessed the session to go into executive session to rule on the oral motion.During the executive session, the Panel discussed if there was sufficient evidence presented by Claimant's counsel, both witness testimony and the written exhibits, to assure that the Panel could make an honest, impartial, and comprehensive evaluation of Claimant's case. The Panel also considered Claimant's memo concerning his voluntary absence from the hearing. By unanimous vote, the Panel affirmed that the Panel could and would make an honest, impartial, and comprehensive evaluation of Claimant's case. The unanimous vote was to deny the request for an indefinite postponement.That same day at approximately 3:25 p.m., the session was reconvened and the Panel announced the decision to deny the oral motion. Ms. Mirch stated her objection to the denial and left the hearing. Respondent's counsel requested a directed verdict, which the Panel denied. Respondent's counsel was offered the same option as Claimant's counsel had -- to submit his exhibit books to the Panel to be accepted as evidence. Respondent did not have a witness testify, and did not cross-examine Claimants witness. Respondent's counsel then submitted exhibit books and the Panel accepted the exhibit books into evidence. Respondent's counsel made his closing statement and the session was adjourned at approximately 3:35 p.m.