FINRA Releases Report on Independent Review of “Rigged Panels” Accusation: Finds No Irregularities But Recommends Changes
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA has released the long-awaited report of outside investigators retained to study the “rigged panels” accusation.

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Former Merrill Broker Hit with a $7.5 Million Award Months After Release From Prison
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By George H. Friedman, SAA Publisher & Editor-in-Chief

As widely reported in the media, a former Merrill Lynch broker, who had earlier this year been released from prison after serving a three-plus year sentence resulting from his misconduct,

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Raiding Award Features Dueling Explanations of Split Decision
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by Harry A. Jacobowitz

A 35-page explained Award in a raiding case resulted in an award in excess of $18 million against the respondents,

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Analysis: Georgia Court Vacates FINRA Award on Several Bases
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Just as we were finalizing the last Alert, we learned that a Georgia Trial Court had vacated a FINRA Award based on multiple Federal Arbitration Act (“FAA”) grounds.

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Unanimous Kentucky Supreme Court: Variable Annuity is Not an Insurance Product, but A Fixed Annuity is. PDAA in the Latter is Therefore Unenforceable
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By George H. Friedman, SAA Publisher & Editor-in-Chief 

While the arbitration agreement in a variable annuity was enforceable because the investment was a security,

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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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