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

Unanimous SCOTUS Decides Southwest: Goes with the Flow on “Engaged” in Interstate Commerce
on

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

The Supreme Court has decided Southwest Airlines Co. v. Saxon, No.

...Read More

FINRA Files for Immediate Effectiveness Rule Changes Needed to Conform Industry Code to Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act
on

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

As authorized in March by its Board, FINRA has filed a rule change proposal to conform the Industry Code to the newly-enacted Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act.

...Read More

Former Merrill Broker Hit with a $7.5 Million Award Months After Release From Prison
on

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

As widely reported in the media, a former Merrill Lynch broker, who had earlier this year been released from prison after serving a three-plus year sentence resulting from his misconduct,

...Read More

Unanimous SCOTUS Decides Sundance: No Prejudice Requirement to Prove Waiver of Arbitration Rights
on

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

The Supreme Court has decided Morgan v. Sundance Inc., No. 21-328,

...Read More

Alabama Securities Commission Moves to Vacate FINRA Expungement Award for Procedural Improprieties
on

By Harry A. Jacobowitz, Esq.*

In a timely move, the Alabama Securities Commission (“ASC”) raises serious questions about the procedure employed in a recent FINRA expungement proceeding,

...Read More

Read Our Recent Blog