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.
By Rick Ryder, SAC
Yes, in answer to the title’s question, and the prospect for that to happen has been revived by a FINRA staff initiative,
By George H. Friedman*
We all know the classic children’s story Goldilocks and the Three Bears, where the last of three approaches turns out to be “just right.” The story line in my view carries over to FINRA’s efforts to address explained arbitration awards.
The key recommendations of FINRA’s Dispute Resolution Task Force (“Task Force”), and where things may be headed in reaction to those proposals, were the core topics discussed recently by an experienced panel of securities arbitration experts in the fourth SAC Podcast.
FINRA’s Board of Governors met the first week in May and, among other things, approved three arbitration-related rule changes.
We reported in SAA 2016-17 that the Board at its May meeting would consider rulemaking on three items of interest to arbitration practitioners.
The work of the Dispute Resolution Task Force (DRTF) was completed in December 2015 with the publication of a detailed final Report and the reference of some 51 recommendations for action to FINRA’s National Arbitration &