A Few Minutes with New PIABA President Hugh Berkson
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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.

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UPDATE: Alleging Arbitrator Bias, Oppenheimer Moves to Vacate FINRA Panel’s $36+ Million Award
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Oppenheimer has moved to vacate a massive Award rendered against it by a FINRA Panel.

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

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FINRA DRS Posts Stats Through June: Customer and Industry Arbitration Claims Are Down at the Half-way Mark. Mediation Filings Are Still Strong, But Are Slowing Down
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA Dispute Resolution Services (“DRS”) has posted case statistics through June, with most trends persisting.

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FINRA Panel Renders $50+ Million Award Against Hedge Fund and Execs
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By George H. Friedman, SAA Publisher & Editor-in-Chief

As widely reported in the media, a former D.E. Shaw money manager prevailed to the tune of $52.1 million in his defamation claim against the firm and four senior executives.

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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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