On the Term’s last day, SCOTUS on June 28 granted Certiorari in an arbitration-centric case. As we reported in SAA 2019-15 (Apr.
For this case to unravel the way it did required that the Claimants pursue both the brokers and the firm as Respondents. That’s not terribly common in FINRA arbitration,
The House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law held a May 16 hearing titled “Justice Denied: Forced Arbitration and the Erosion of our Legal System.” The Senate Judiciary Committee held a similar hearing in April.
FINRA’s Board of Governors met on May 6-7 to consider an array of financial, regulatory and enforcement reports and issues. Prior to this regular meeting of the Board,
New case submissions by customers are down 29% from the first quarter’s tally for 2018 and industry cases have declined 27%. Overall, 830 new cases were filed in the first quarter;