Jackson County Bank v. DuSablon
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By Christopher G. Lazarini

*Broker’s request for relief from prior sanction order under FRCP 60(b) rejected.

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SEC Approves FINRA’s Minimum Expungement Fees Rule Filing
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By George H. Friedman, SAA Editor-in-Chief

No sooner had we reported in SAA 2020-19 (May 20) that FINRA Dispute Resolution Services (“DRS”) had responded to comments on its proposed new fee regime specifically for expungement requests,

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Fiola v. VALIC Financial Advisors, Inc.
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By Paul J. Dubow

A party cannot avoid compelled arbitration by generally denying the facts upon which the right to arbitration rests.

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Two New FINRA Awards Reflecting Virtual Hearings, and a Change to the Award Template Reinforcing that ODR Is Now “FINRA Dispute Resolution Services”
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By George H. Friedman, SAA Editor-in-Chief

Two new Awards have been posted in FINRA’s Arbitration Awards Online that show hearings conducted virtually due to the COVID-19 pandemic.

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Bland v. Edward D. & Co., LP
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By James L. Komie

Allegations that new financial advisors were rigidly controlled in the products they could sell and spent most of their time generating new sales leads are sufficient to state a claim that they should have been classified as non-exempt salespeople rather than exempt professionals and paid overtime under the FLSA.

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Unanimous Eleventh Circuit: Under the FAA, an Award Can Be Modified by a Court for Evident Miscalculation Only If the Mistake Is Clearly Evident on the Face of the Award
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By George H. Friedman, SAA Editor-in-Chief

The amount of damages in an arbitration award may only be modified by a federal court if there is a mathematical error in calculating the damage “clearly evident” on the face of the award,

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