By George H. Friedman, SAA Publisher & Editor-in-Chief
The comment period closed December 7 on FINRA’s proposed changes to its expungement rule filing.
By George H. Friedman, SAA Publisher & Editor-in-Chief
We reported in SAA 2022-42 (Nov. 10) that the Public Investors Advocate Bar Association (“PIABA”) announced in an October 27 Press Release that Hugh D.
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 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.
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,
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,