Moskowitz v. Royal Bank of Scotland (RBS) FINRA # 09-04041. On August 4, 2011, after a seven-day hearing, a New York City based FINRA arbitration panel awarded L&R’s client, a former TIPS trader at RBS, $850,000 in bonus compensation that the firm owed him for his performance in 2008. The Panel rejected RBS’s claim that all bonuses at the firm were “discretionary,” and also that the employee was required to be paid pursuant to an onerous deferral scheme.