StoneX Group Inc has released an update regarding its legal dispute with BTIG, LLC, following a final decision issued through arbitration.

The case dates back to November 2023, when BTIG filed a civil complaint in San Francisco Superior Court against StoneX Group Inc and StoneX Financial Inc. The complaint sought monetary damages and injunctive relief, alleging multiple claims tied to StoneX’s hiring of several individuals who had previously been employed by BTIG.

After the initial filing, the matter was move from court proceedings to arbitration under the rules of the Financial Industry Regulatory Authority (FINRA), which oversees dispute resolution within the financial industry.

FINRA Panel Issues Final Decision in StoneX BTIG Dispute

On March 12, 2026, a FINRA arbitration panel issued its final award, addressing all claims and counterclaims between BTIG and the two StoneX entities. The ruling delivered a mixed outcome for both sides.

The panel found that BTIG is liable to StoneX Financial for approximately $1.0 million in compensatory damages, significantly lower than the roughly $3.4 million originally sought by StoneX Financial.

At the same time, the panel determined that StoneX Group Inc and StoneX Financial are jointly liable to BTIG for $2.9 million. This is a fraction of the up to $842.0 million in damages initially claimed by BTIG in its complaint.

After offsetting the respective awards, the arbitration panel concluded that StoneX Group Inc and StoneX Financial must pay a net amount of approximately $1.8 million to BTIG.

In addition to the financial determinations, the panel ruled in favor of StoneX on a key issue, granting declaratory relief that the firms did not tortiously interfere with BTIG employee contracts.

The panel also denied BTIG’s requests for punitive damages, injunctive relief, attorney’s fees, and sanctions, closing the case with limited financial liability relative to the original claims.

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