Expungement Update: Few Comments on Amended Proposal. PIABA and NASAA Supportive, But SIFMA Urges Disapproval
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

The comment period closed December 7 on FINRA’s proposed changes to its expungement rule filing.

...Read More

A Few Minutes with New PIABA President Hugh Berkson
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

We reported in SAA 2022-42 (Nov. 10) that the Public Investors Advocate Bar Association (“PIABA”) announced in an October 27 Press Release that Hugh D.

...Read More

Arbitration of Investor Claims in an Industry-Sponsored Forum – A Look Back at 20 Years of Lessons
on

By Courtney Werning, Dave Neuman, Jorge Riera, and Michael Edmiston[1]

Introduction

Industry-sponsored arbitration has long been the only option for investors who have claims against their financial advisors and brokerage firms.

...Read More

Consumer Coalition to SEC: Look Into RIA Use of PDAAs Calling for Non-FINRA Arbitration
on

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,

...Read More

That Didn’t Take Long: Lawmakers Demand Answers from FINRA on “Rigged Panels” Accusation and FINRA to Conduct Independent Review
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

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

...Read More

Georgia Court Vacates FINRA Award on Several Bases, Including FINRA DRS Misconduct. PIABA Calls for the Feds to Investigate
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

Just as we were finalizing this Alert, we learned that a Georgia Trial Court has just vacated a FINRA Award based on multiple Federal Arbitration Act (“FAA”) violations,

...Read More