Expungement Update: FINRA Responds to Comments and Files an Amendment; SEC Seeks Comments on Changes and Disapproval
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Those who thought we were nearing the end of the road for FINRA’s proposed changes to the expungement process need to rethink their assumptions.

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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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SCOTUS Declines to Review Case Involving FINRA Award
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The Supreme Court on October 31 denied Certiorari in Caputo v. Wells Fargo, No.

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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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Institutional Comments, Mostly Supportive But with All Suggesting Further Modifications, on FINRA’s Proposed Expungement Changes. Individual Industry Commenters Uniformly Oppose the Rule
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The comment period closed earlier this month on FINRA’s proposed changes to the expungement process.

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Expanded Coverage: Unanimous Georgia Court of Appeals Tosses Trial Court’s Award Vacatur in “Rigged Panels” Case
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By George H. Friedman, SAA Publisher & Editor-in-Chief

As we reported in SAA 2022-30 (Aug. 4), the Georgia Court of Appeals “unvacated” the Award in the Wells Fargo “rigged panels” case.

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