Update: More on NASAA Approval of Final Model Rule on Unpaid Awards
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By George H. Friedman, SAA Publisher & Editor-in-Chief

We reported briefly in SAA 2022-20 (May 26) that the North American Securities Administrators Association (“NASAA”) on May 20 adopted its Unpaid Customer Arbitration Awards Model Rule.

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Consumer Coalition to SEC: Look Into RIA Use of PDAAs Calling for Non-FINRA Arbitration
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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,

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

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That Didn’t Take Long: Lawmakers Demand Answers from FINRA on “Rigged Panels” Accusation and FINRA to Conduct Independent Review
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By George H. Friedman, SAA Publisher & Editor-in-Chief

On the heels of the decision by Fulton County Superior Court Judge Belinda E.

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Raiding Award Features Dueling Explanations of Split Decision
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by Harry A. Jacobowitz

A 35-page explained Award in a raiding case resulted in an award in excess of $18 million against the respondents,

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Georgia Court Vacates FINRA Award on Several Bases, Including FINRA DRS Misconduct. PIABA Calls for the Feds to Investigate
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Just as we were finalizing this Alert, we learned that a Georgia Trial Court has just vacated a FINRA Award based on multiple Federal Arbitration Act (“FAA”) violations,

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