Update: More on NASAA Approval of Final Model Rule on Unpaid Awards
on

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

We reported briefly in SAA 2022-20 (May 26) that the North American Securities Administrators Association (“NASAA”) on May 20 adopted its Unpaid Customer Arbitration Awards Model Rule.

...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

District Court Finally Rules on J&J’s Rejection of Shareholder’s Arbitration Proposal
on

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

The issue of shareholder arbitration is in the news again, this time in the form of a long-awaited court decision on Johnson &

...Read More

Contracts of Adhesion and Securities Arbitration: How FINRA Attempts to Mitigate Harm to Investors
on

By Christian Mercado*

Introduction

The securities industry is an example of one attempting to mitigate equity concerns surrounding arbitration agreements contained in contracts of adhesion.

...Read More

Langille v. Berthel Fisher & Company Financial Services, Inc.
on

By Paul J. Dubow

*In California, when damages are an element of a cause of action, the cause of action does not accrue until the damages have been sustained.

...Read More

Valelly v. Merrill Lynch, Pierce, Fenner & Smith, Inc.
on

By James L. Komie

The terms and conditions of an electronically signed account agreement were “reasonably conspicuous” and thus binding on the customer even though she had to scroll down the page to see the relevant terms.

...Read More