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.
A rough four weeks for a $750 million team ended with the advisors out of a job and barred from soliciting their clients.
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.
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.
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.
Recently, James Eccleston shared his thoughts on the battle some advisers face when choosing to represent themselves against experienced corporate attorney's.
A former Morgan Stanley advisor won $150,000 in damages for the manner in which his employment was terminated in a FINRA arbitration.
FINRA has sanctioned Ameriprise and one of its brokers for altering documents and refusing to produce documents in an arbitration proceeding.
This was the best of all possible outcomes and I cannot thank you and the team enough.
Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.
A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.
According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.
