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  5. 14 F.Supp.2d 461 (1998)
 

MATTER OF ARB. BETW. ASHRAF & REPUB. NY SECURITIES

No. 98 Civ. 185(RLC).

14 F.Supp.2d 461 (1998)

In the Matter of the ARBITRATION BETWEEN Zahid Hussain ASHRAF and Shahida Zahid, Petitioners, and REPUBLIC NEW YORK SECURITIES CORPORATION, Respondent.

United States District Court, S.D. New York.

July 28, 1998.

Attorney(s) appearing for the Case

Layton Brooks & Hecht, for Petitioners, New York, New York, Daniel J. Brooks, Eamonn F. Foley, of counsel.

Arkin Schaffer & Kaplan LLP, for Respondent, New York, New York, Stanley S. Arkin, Hyman L. Schaffer, of counsel.

Sullivan & Cromwell, for Respondent, New York, New York, Kenneth M. Raisler, Tariq Mundiya, Marc De Leeuw, of counsel.

OPINION

ROBERT L. CARTER, District Judge.

I. Introduction

Republic New York Securities Corp. ("RNYSC"), a registered broker/dealer in securities and a futures commission merchant ("FCM") registered with the National Futures Association ("NFA"), moves pursuant to the Federal Arbitration Act, 9 U.S.C. § 1 et seq., to vacate an arbitration award of $12,993,750 issued on December 29, 1997, by an NFA arbitration panel in favor of...

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