SEC Approves FINRA’S Rule Change Proposal Implementing “Rigged Panels” Investigation Report Recommendations
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC has approved FINRA’s rule change proposal to implement recommendations resulting from the outside investigation of allegations that the arbitrator selection process was rigged.

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ICSID Releases Stats for FY 2023
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By George H. Friedman, SAA Publisher & Editor-in-Chief

ICSID recently released updated caseload stats.

Although we tend to think that most investment disputes in the U.S.

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Ex-Morgan Stanley Broker Asks Court to Invalidate His Promissory Note, Objects to Arbitration of Dispute
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By Harry A. Jacobowitz, Esq.

 A former financial advisor at Morgan Stanley Smith Barney LLC (“MSSB”) has filed a complaint in federal court with implications for the enforceability of promissory notes for MSSB loans to California-based brokers.

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FINRA DRS Posts Stats Through May: A Very Strong Year in Arbitration Filings Continues
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA Dispute Resolution Services (“DRS”) has posted case statistics through May, with recent trends continuing to show a very strong year in arbitration filings – especially industry cases – and a continued drop-off in mediations.

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June Marks One Year Anniversary of “Rigged Panels” Investigation Report
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By George H. Friedman, SAA Publisher & Editor-in-Chief

It’s been a year since the publication of recommendations resulting from the outside investigation of allegations that the FINRA arbitrator selection process was rigged.

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Indiana Supreme Court: After-Added PDAA and Class Action Waiver in Bank’s Account Agreement Not Enforceable
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By George H. Friedman, SAA Publisher & Editor-in-Chief

A unanimous Indiana Supreme Court holds that a predispute arbitration agreement (“PDAA”) and class action waiver unilaterally added by the bank to its account agreement were not enforceable.

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