FINRA Releases Report on Independent Review of “Rigged Panels” Accusation: Finds No Irregularities But Recommends Changes
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has released the long-awaited report of outside investigators retained to study the “rigged panels” accusation.

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Consumer Coalition to SEC: Look Into RIA Use of PDAAs Calling for Non-FINRA Arbitration
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A broad coalition of a dozen consumer advocacy groups – including PIABA – has written to the SEC. urging that the Commission investigate the use by RIAs of mandatory predispute arbitration agreements (“PDAA”) providing for the use of non-SRO arbitration fora,

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FINRA Files for Immediate Effectiveness Rule Changes Needed to Conform Industry Code to Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act
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By George H. Friedman, SAA Publisher & Editor-in-Chief

As authorized in March by its Board, FINRA has filed a rule change proposal to conform the Industry Code to the newly-enacted Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act.

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Former Merrill Broker Hit with a $7.5 Million Award Months After Release From Prison
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By George H. Friedman, SAA Publisher & Editor-in-Chief

As widely reported in the media, a former Merrill Lynch broker, who had earlier this year been released from prison after serving a three-plus year sentence resulting from his misconduct,

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FINRA Panel Dismisses Ineligible Claim with Prejudice
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By Harry Jacobowitz, Esq.****

In spite of the fact that arbitration claims that violate FINRA’s six-year eligibility rule must be dismissed without considering additional grounds for dismissal and without prejudice to the claimant’s or claimants’ right to pursue the claims in court,

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That Didn’t Take Long: Lawmakers Demand Answers from FINRA on “Rigged Panels” Accusation and FINRA to Conduct Independent Review
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By George H. Friedman, SAA Publisher & Editor-in-Chief

On the heels of the decision by Fulton County Superior Court Judge Belinda E.

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