It Took a While, but the Inactive Industry Party Arbitration Rule has Been Filed with the SEC
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By George H. Friedman, SAA Editor-in-Chief

FINRA on November 5 filed with the SEC a long-awaited rule amendment that would give investors greater rights when arbitrating with inactive industry parties.

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Tater v. OANDA Corporation
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By Ben Suter

The Court dismisses the complaint on forum non conveniens grounds, determining that the proper venue was in the Province of Ontario.

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Hoak v. Newton
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By David C. Franceski, Jr.

*Pennsylvania’s Unfair Trade Practices and Consumer Protection Law (“UTPCPL”) prohibiting fraud in consumer goods and services transactions does not extend to a long-term investment relationship between broker/investment advisor and customer.

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Talking with PIABA’s Leaders: Issues in the Current Year and the Year Ahead
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At the tail-end of June SAC brought together for a wide-ranging discussion the current and future Presidents of PIABA — Christine Lazaro and Samuel B.

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AER Advisors, Inc. v. Fidelity Brokerage Services, LLC
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By Paul J. Dubow

There is no good faith requirement in the provision of the Bank Secrecy Act that gives financial institutions immunity for voluntarily disclosing a possible violation of a law or a regulation to a government agency.

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Wall v. Altium Group, LLC
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By David C. Franceski, Jr.

*Quasi-contractual liability such as unjust enrichment may not be imposed if an express contract concerning identical subject matter will not support recovery.

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