Tagged with "arbitration"

House Committee Approves Bill To Prohibit BDs and Advisors From Mandating Arbitration

Posted on November 23rd, 2021 at 1:10 PM
House Committee Approves Bill To Prohibit BDs and Advisors From Mandating Arbitration

The House of Representatives’ Financial Services Committee has passed a bill intended to prohibit mandatory arbitration commonly employed by broker-dealers and advisory firms.

Read More »

FINRA Intends To Promote Hybrid Arbitration Hearings

Posted on November 22nd, 2021 at 2:26 PM
FINRA Intends To Promote Hybrid Arbitration Hearings

The Financial Industry Regulatory Authority (FINRA) may permit remote participation in arbitration proceedings moving forward, according to FINRA chief executive Robert Cook.

Read More »

FINRA Arbitration Panel Orders Pershing to Pay Stanford Victims

Posted on July 20th, 2021 at 2:56 PM
FINRA Arbitration Panel Orders Pershing to Pay Stanford Victims

The Financial Industry Regulatory Authority (FINRA) has ordered Pershing to pay $648,543 to an additional group of investors who claimed to have lost money in R. Allen Stanford’s Ponzi scheme.

Read More »

FINRA Sees Increase in Intra-Industry Arbitration Claims

Posted on June 1st, 2020 at 2:18 PM
FINRA Sees Increase in Intra-Industry Arbitration Claims

Industry arbitrations filed in the first four months of 2020 increased 27% compared to the same time period in 2019, according to statistics provided by the Financial Industry Regulatory Authority (“FINRA”). Through the first four months of 2020, FINRA has had 569 industry arbitrations, compared to 447 such arbitrations during the first four months of 2019.  Conversely, customer arbitration claims filed against brokerages over the first four months of 2020 have decreased by 7% compared to the first four months of 2019.  Many expect that the COVID-19 pandemic eventually will lead to an increase in investor arbitrations as well.

Read More »

Wells Fargo ‘fabricated’ investigation into advisors, arbitration panel says

Posted on January 22nd, 2020 at 4:34 PM
Wells Fargo ‘fabricated’ investigation into advisors, arbitration panel says

Three former Wells Fargo advisors’ termination records must be expunged after the firm “fabricated investigatory findings” and ousted them, an arbitration panel ruled this month.

Read More »

FINRA Arbitration Panel Dismissed TRO Against Former Edward Jones Broker

Posted on December 12th, 2019 at 2:13 PM
FINRA Arbitration Panel Dismissed TRO Against Former Edward Jones Broker

The Financial Industry Regulatory Authority (“FINRA”) arbitration panel recently dismissed a temporary restraining order (“TRO”) against a former Edward Jones broker who initially agreed to the TRO prohibiting him from telling customers about his move to Ameriprise.

Read More »

Sued by Schwab, axed by Morgan Stanley: A $750M team’s troubled career move

Posted on April 25th, 2019 at 4:32 PM
Sued by Schwab, axed by Morgan Stanley: A $750M team’s troubled career move

A rough four weeks for a $750 million team ended with the advisors out of a job and barred from soliciting their clients.

Read More »

Why Financial Advisors Should Hire an Attorney if Named in FINRA Arbitration Claim

Posted on March 19th, 2019 at 4:32 PM
Why Financial Advisors Should Hire an Attorney if Named in FINRA Arbitration Claim

In a recent article in Financial Planning, Alan J. Foxman highlights several important reasons why financial advisors named in an arbitration claim should hire their own attorney instead of using the firm’s in-house or outside law firm counsel.

Read More »

Federal Judge Denies Wells Fargo’s Attempt to Quash Class-Action Arbitration Claim for Overtime Pay

Posted on January 22nd, 2019 at 11:00 AM
Federal Judge Denies Wells Fargo’s Attempt to Quash Class-Action Arbitration Claim for Overtime Pay

A New York federal judge has denied Wells Fargo Advisors’ attempt to vacate a ruling from an American Arbitration Association (AAA) arbitrator that a punitive class-action lawsuit involving unpaid overtime could proceed in arbitration.

Read More »

Morgan Stanley Attempts to Compel Terminated Advisor into Arbitration for the Third Time

Posted on September 10th, 2018 at 5:04 PM
Morgan Stanley Attempts to Compel Terminated Advisor into Arbitration for the Third Time

According to a recent court filing, Morgan Stanley is attempting for the third time to force private arbitration against a former advisor who filed a wrongful termination lawsuit against the firm last December in New Jersey federal court.

Read More »

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

January 25, 2022
Top FINRA Initiatives For 2022

A host of new initiatives are ahead in 2022 at the Financial Industry Regulatory Authority (FINRA), according to CEO Robert Cook.

January 24, 2022
FINRA Set To Issue Crypto Notice And Consider Expungement Reform

The Financial Industry Regulatory Authority (FINRA) is set to issue a regulatory notice pertaining to cryptocurrency as well as expungement reform.

January 21, 2022
CFP Board Establishes New Appeals Commission

The Certified Financial Planner (CFP) Board of Standards has established a new Appeals Commission. As the name suggests, the Appeals Commission possesses the sole authority to adjudicate appeal hearings.