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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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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A Few Minutes with New PIABA President Mike Edmiston
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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.

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NASAA Proposes Model Rules to Address Unpaid Awards and Fines
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The North American Securities Administrators Association (“NASAA”) has released for public comment draft model rules to address the lingering problem of unpaid fines and arbitration awards.

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Third PIABA Report on Unpaid Awards: “It’s Getting Worse”
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By George H. Friedman, SAA Publisher & Editor-in-Chief

PIABA’s third report in over five years says the problem of unpaid FINRA awards is getting worse,

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