Explained Award: Broker Wins $3 Million Award on Breach of Contract Charges against Former Employer
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We like this Award for a number of reasons, one of which is an Arbitrator dissent that draws a rebuttal from the majority. That dissent was filed by a Public Arbitrator,

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The Inactive Industry Party Arbitration Rule Has Been Released for Public Comment by the SEC
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We reported in SAA 2019-42 (Nov. 6) that FINRA had filed proposed rule, SR-FINRA-2019-027, on November 5. The SEC has now released that proposal for public comment in SEC Rel.

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Explained Award: Broker Tagged with Full Liability for Both Note Debt and Settlement of a Customer Claim
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Note cases are pretty common these days, but broker-dealers pursuing and winning on indemnification claims against brokers are not so common. This case has both,

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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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More on the Whistleblower Improvement Act, and Another Anti-Arbitration Bill is Introduced
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By George H. Friedman, SAA Editor-in-Chief

We briefly mentioned in SAA 2019-37 (Sep. 25) that the bipartisan Whistleblower Programs Improvement Act had been introduced in the Senate.

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That Didn’t Take Very Long: FAIR Act Approved by the House
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By George H. Friedman, SAA Editor-in-Chief

Just days after being cued up for a possible vote, the Forced Arbitration Injustice Repeal (FAIR) Act of 2019 was approved by the House of Representatives on September 20 by a mostly party-line vote.

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