The fate of a fired Raymond James advisor's $450,000 arbitration award hinges on how a judge interprets six words.

The ongoing dispute between Raymond James and its former employee began when the firm fired Mark Immel in February 2014, which the firm says was for management's loss of confidence in him. The spat continued through an arbitration case that concluded in January 2016, when a panel of three arbitrators awarded Immel damages related to his dismissal.

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