Ex-Morgan Stanley Broker Asks Court to Invalidate His Promissory Note, Objects to Arbitration of Dispute
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By Harry A. Jacobowitz, Esq.

 A former financial advisor at Morgan Stanley Smith Barney LLC (“MSSB”) has filed a complaint in federal court with implications for the enforceability of promissory notes for MSSB loans to California-based brokers.

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Back to Basics on FAA Award Enforcement: Arbitration Agreement Must Be Submitted with Confirmation Papers
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By George H. Friedman, SAA Publisher & Editor-in-Chief

 A firm’s experience in enforcing a FINRA Award underscores the need to comply with the FAA’s technical requirements for award confirmation.

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Latest SAC Podcast Tackles “Employment Issues in Securities Arbitration in the Wake of Epic Systems”
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The current state of securities industry employment arbitration, including what the Supreme Court’s Epic Systems decision may mean for the financial services sector, were the core topics discussed recently by an experienced panel of securities arbitration experts in the sixth SAC Podcast.

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A Peek Behind a Selling Away Award: Fry v. Comprehensive Asset Management and Servicing Inc. & Steele
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A PEEK BEHIND A SELLING AWAY AWARD: FRY v. COMPREHENSIVE ASSET MANAGEMENT AND SERVICING INC. & STEELE, FINRA ID #17-01767 (Indianapolis, IN,

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A Ponzi Scheme and Insurance, Ownership and Loss (or Lack Thereof): Cooper Industries, Ltd. v. Nat’l Union Fire Ins. Co. of Pittsburgh, Pa.
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By Jack D. Ballard

*An investor who loans money in exchange for a promissory note ceases to own the money loaned.

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Rules and Proof Prove No Problem for Promissory Note Award: Bogar v. Ameriprise Financial Services, Inc.
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By Sarah G. Anderson

*A court’s inquiry under §10(a)(4) of the FAA is whether the arbitrator had the power to reach a certain issue,

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