SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
on

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.

...Read More

SEC Submits Staff Report to Congress on Investment Adviser Arbitration: Bombshells Galore
on

 By George H. Friedman, SAA Publisher and Editor-in-Chief*

Just ahead of a late June deadline, the SEC submitted a staff report to the Congress on investment adviser arbitration.

...Read More

SEC Seems to be Facing a Late June Deadline to Report to Congress on Investor Adviser Arbitration
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

By our reckoning, the SEC may be facing a looming late June deadline to report to Congress on investment adviser arbitration.

...Read More

Arbitration of Investor Claims in an Industry-Sponsored Forum – A Look Back at 20 Years of Lessons
on

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.

...Read More

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

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,

...Read More

A Few Minutes with New PIABA President Mike Edmiston
on

By George H. Friedman, SAA Publisher & Editor-in-Chief

We reported in SAA 2021-41 (Nov. 4) that the Public Investors Advocate Bar Association (“PIABA”) announced in an October 28 Press Release that Michael Edmiston of Jonathan W.

...Read More