FINRA Publishes Reg Notice on Rule Change Proposal Implementing Arbitrator Selection Investigation Report Recommendations
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has published a regulatory notice implementing on March 4 the Authority’s rule change proposal to implement recommendations resulting from the outside investigation of allegations that the arbitrator selection process was rigged.

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SEC Approves FINRA’s Proposed Changes to Non-Attorney Rep Rule
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC has approved FINRA’s proposal to amend the non-attorney representation rules.

As reported in SAA 2023-40 (Oct.

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SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC Office of the Investor Advocate has issued a report recommending that predispute arbitration agreement (“PDAA”) use by investment advisers be studied and that in the meantime PDAA use be suspended.

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Lengthy Explained Award Denies Recovery to More than 130 Customers on Claims Against Clearing Broker-Dealer
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By Harry A. Jacobowitz, Esq.

The three-member FINRA arbitration panel rejects liability against a clearing broker that facilitated trading in fraudulent securities.

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PIABA Issues Updated Expungement Report
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By George H. Friedman, SAA Publisher & Editor-in-Chief

On the heels of the October 16 effective date of a number of rule amendments affecting the expungement of customer dispute information,

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FINRA’s Proposed Changes to Non-Attorney Rep Rule Published – Comments Due November 3
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA’s proposal to amend the non-attorney representation rules has been published in the Federal Register.

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