FINRA’s New Expungement Rules – Balancing Interests But Adding Roadblocks
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By David E. Robbins[1]

Assuming  SEC approval, FINRA’s significant changes to its expungement procedures will be implemented some time this year.

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New York State Court Refuses to Countenance End Run Around FINRA DRS Expungement Denial
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By Harry A. Jacobowitz, Esq.***

A broker’s attempt to vacate an unfavorable New York arbitration decision through forum shopping in Colorado and an effectively uncontested vacatur proceeding,

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EFASASHA Didn’t Invalidate Employment PDAA, But Unconscionability Did
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Because the employee’s sexual harassment lawsuit predated the March 2022 effectiveness of the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021 (“EFASASHA”),

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FINRA DRS Posts Full-Year 2022 Stats. Customer and Industry Arbitration Claims Closed with a Flourish
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA Dispute Resolution Services (“DRS”) has posted case statistics for full-year 2022,

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CFPB Proposes Registry for Arbitration Clause and Class Action  Waiver Use
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has proposed a new rule seeking information from nonbanks on among other things arbitration and class action waivers.

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CA’s Arbitration Statute on Unpaid Arbitration Fees Does Not Require a Finding from the Arbitrator and Applies to Voluntary Arbitration Agreements
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The California statute allowing a consumer to evade an arbitration agreement if a business does not pay its share of arbitration fees does not require an affirmative finding from an arbitrator and applies to voluntary arbitration agreements.

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