SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
on

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.

...Read More

FINRA’s Proposed Changes to Non-Attorney Rep Rule Published – Comments Due November 3
on

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

FINRA’s proposal to amend the non-attorney representation rules has been published in the Federal Register.

...Read More

A Primer on Future Expungement Procedure
on

By Harry A. Jacobowitz, Esq.

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

...Read More

Michigan Revises Attorney Conduct Rules to Regulate PDAAs in Retainer Agreements
on

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

Michigan has adopted a new rule of attorney professional conduct requiring informed client consent to predispute arbitration agreements (“PDAA”) in retainer agreements.

...Read More

FINRA Panel Dismisses Ineligible Claim with Prejudice
on

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,

...Read More

Analysis: Georgia Court Vacates FINRA Award on Several Bases
on

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

Just as we were finalizing the last Alert, we learned that a Georgia Trial Court had vacated a FINRA Award based on multiple Federal Arbitration Act (“FAA”) grounds.

...Read More