Interactive Brokers LLC v. Saroop et al

Filing 50

MEMORANDUM OPINION. It is so ORDERED. Signed by District Judge Robert E. Payne on 08/31/2017. (walk, )

B

p

L

E

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IN THE UNITED STATES DISTRICT COURT

SEP - 1 2017

FOR THE EASTERN DISTRICT OF VIRGINIA

Richmond Division

l/

CLERK, U.S. DISTRICT COURT
RICHMOND. VA

INTERACTIVE BROKERS LLC,

Plaintiff,
V.

Civil Action No.

ROHIT SAROOP,

3:17cvl27

PREYA SAROOP,

and GEORGE SOFIS,
Defendant.

MEMORANDUM OPINION

This matter is before the Court on the PETITION

filed

by

Plaintiff

the

DEFENDANTS'

No.

18)

filed

Saroop.

For

DENIED,

and

panel

for

Interactive

CROSS-MOTION

by

the
this

TO

Defendants

reasons

set

matter

Brokers,

clarification.

To

CONFIRM

George
forth

will

LLC

be

the

("Interactive")

ARBITRATION

Sofis
below,

and
both

remanded

(ECF No.

and

AWARD

Rohit

and

motions

1)

(ECF

Preya

will

be

the

arbitration

that

extent

to

the

Defendants'

Cross-Motion and subsequent memoranda can also be construed as a
motion for sanctions,

that motion will be DENIED.
BACKGROUND

Although
the

Court

rendered

Financial
panel

on

as

styled
a

as

motion

against

to

"petition," this matter comes
vacate

Interactive

Industry
January

a

5,

Brokers,

Regulatory
2017.

the

arbitration

LLC

Authority

(ECF No.

1,

Ex.

award

before

that

("Interactive")

(FINRA)
1) .

was

by

a

arbitration

The Award

(ECF