Explained Award: Schneider v. Khalsa, FINRA ID #16-00680 (Albuquerque, NM, 11/23/16).
Expungement recommendations by three-member panels are almost always unanimous,
An Explained Partial Expungement Award: Vogel v. Brouwer, FINRA ID #15-01636 (Detroit, MI, 6/6/16).
Expungements are usually all or nothing – either the complained-of expungement is erased from the broker’s records in its entirety or those records are left untouched.
We learned this week that FINRA had a lot to say about the most recent statistical study on expungement performed by the Public Investor Arbitration Bar Association.
The Public Investor Arbitration Bar Association (PIABA) rolled out a follow-up to its influential 2013 study of expungements in stipulated Awards in a press teleconference on Monday,
The presence of the current Director of Arbitration (DOA) and two past DOAs on the Panel at this year’s annual “Securities Arbitration & Mediation Hot Topics” seminar added dimension and perspective to the discussion of FINRA’s dispute resolution efforts at the May 19 program.
We have covered extensively FINRA’s proposed new rule that would prohibit conditioning a settlement on a customer’s agreement not to oppose expungement (see,