SEC Approves FINRA Rulemaking Proposal to Protect Against At-Risk Firms and Unpaid Arbitration Awards
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC has approved an omnibus rule filing strengthening investor protection from at-risk firms and brokers.

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FINRA Issues Reg Notice on “Do’s and Don’ts” of PDAA Use in Customer Agreements
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has issued a Regulatory Notice reminding industry parties on the proper use of predispute arbitration agreements (“PDAA”) in customer account agreements.

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GAO Report Says Arbitration Has Impacted Servicemember Rights, But to what Extent is Unclear
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The Government Accountability Office (“GAO”) has released a Report concluding that the presence of predispute arbitration agreements (“PDAA”) has definitely impacted servicemembers in consumer and employment matters,

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CFPB Consumer Financial Taskforce Issues Report: Hardly a Word About Arbitration
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By George H. Friedman, SAA Publisher & Editor-in-Chief

A CFPB taskforce on consumer financial law issued a massive report in early January,

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Comments on DOL’s Fiduciary Rule are Split Pretty Much Along Party Lines
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The period for filing comments and requesting a public hearing closed August 6, with just one hundred comments and no extension or hearing despite a request from Congressional Democrats and others.

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CFP Board Issues New Procedural Rules Supporting June 30 Enforcement of Final Fiduciary Rule. And FINRA Is Gearing Up for Reg BI
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By George H. Friedman, SAA Editor-in-Chief

As the June 30 enforcement date of the SEC’s Regulation Best Interest (“Reg BI”) approaches, various preparatory steps are rolling out by the regulators.

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