Customers’ Failure to Comply with Discovery Orders Results in Dismissal and Sanctions
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By George H. Friedman, SAA Publisher & Editor-in-Chief

An All-Public Panel dismisses with prejudice a group of customers’ claims against Respondent broker-dealer and imposes monetary sanctions in the form of attorney fees pursuant to FINRA Rules 12212(c) and 12511 for their intentional disregard and failure to comply with the Panel’s Orders regarding the production of discovery in this matter.

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FINRA Adds Expungement Data to Webpage Stats
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has begun to post expungement-related stats on its Website.

For as long as we can remember,

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FINRA Board Met Earlier this Month. Approves New Arbitration Rule
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The FINRA Board met earlier this month and approved rule changes codifying the voluntary program accelerating case processing for elderly or seriously ill parties.

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Seven Things You Should Know About the 2023 FINRA Stats Report
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by Richard P. Ryder*

FINRA’s Dispute Resolution Services (“FINRA-DR”) issued its December (and year-end 2023) statistical report in late January. Here’s the link to find the report.

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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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