New DOL Fiduciary Rule is Final
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The Department of Labor’s (“DOL”) final fiduciary rule has been published; it goes into effect September 23.

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FINRA Adds Expungement Data to Webpage Stats
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has begun to post expungement-related stats on its Website.

For as long as we can remember,

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SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC Office of the Investor Advocate has issued a report recommending that predispute arbitration agreement (“PDAA”) use by investment advisers be studied and that in the meantime PDAA use be suspended.

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Lengthy Explained Award Denies Recovery to More than 130 Customers on Claims Against Clearing Broker-Dealer
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By Harry A. Jacobowitz, Esq.

The three-member FINRA arbitration panel rejects liability against a clearing broker that facilitated trading in fraudulent securities.

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FINRA Panel Gives Lengthy Explanation of Why it Awards More Than $1 Million to Customer
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By Harry A. Jacobowitz, Esq.

The Award, Inlow v Barrows, FINRA ID No. 22-01360 (Los Angeles, CA, Oct. 30,

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PIABA Issues Updated Expungement Report
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By George H. Friedman, SAA Publisher & Editor-in-Chief

On the heels of the October 16 effective date of a number of rule amendments affecting the expungement of customer dispute information,

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