Seven Things You Should Know About the 2023 FINRA Stats Report
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by Richard P. Ryder*

FINRA’s Dispute Resolution Services (“FINRA-DR”) issued its December (and year-end 2023) statistical report in late January. Here’s the link to find the report.

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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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A Primer on Future Expungement Procedure
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By Harry A. Jacobowitz, Esq.

October 16, 2023, the effective date of a number of rule amendments affecting the expungement of customer dispute information,

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Consumer Advocates to CFPB: Write Rule Empowering Consumers to Choose Arbitration Post-Dispute
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By George H. Friedman, SAA Publisher & Editor-in-Chief

A coalition of leading consumer advocacy groups has petitioned the Consumer Financial Protection Bureau (“CFPB”) to promulgate a rule allowing financial consumers the option to arbitrate after a dispute arises.

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SEC Submits Staff Report to Congress on Investment Adviser Arbitration: Bombshells Galore
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 By George H. Friedman, SAA Publisher and Editor-in-Chief*

Just ahead of a late June deadline, the SEC submitted a staff report to the Congress on investment adviser arbitration.

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SEC Revamps FINRA’s Expungement Procedures
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By David E. Robbins[1]

Since the February 23, 2023 publication in Securities Arbitration Alert of my article “FINRA’s New Expungement Rules – Balancing Interests But Adding Roadblocks,” FINRA filed amendments to those rules and the Securities and Exchange Commission (“SEC”) approved FINRA’s major “modification” to “the current process relating to the expungement of customer dispute information.”[2]   This article explains just what the SEC has approved and the implications for financial advisers seeking such “extraordinary relief.”

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