Explained Award Features Settlement and Hearing, Dismissal of Claims and Expungement Dissent
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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,

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Explained Award Favors Customer in Flubbed Order Execution: Martin v. Wells Fargo Advisors LLC
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Martin v. Wells Fargo Advisors LLC, FINRA ID #14-02593 (Atlanta, GA, 12/16/15).

It’s been our observation that Explained Awards in customer-initiated cases occur primarily when the customer loses.

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Punitive Damages Explained Award: Max B. Tharpe Charitable Foundation, Inc. v. Holland
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Max B. Tharpe Charitable Foundation, Inc. v. Holland, FINRA ID #14-00200 (Boca Raton, FL, 7/29/15).

A majority of the Panel in this case awarded punitive damages and,

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Award Mini-Survey – Selling Away
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One of the headaches that broker-dealers and their supervisory personnel face concerns the errant broker who sells securities “off the books” without notifying his employer,

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Department of Labor Proposes Fiduciary Standard For Retirement Accounts: Arbitration Embraced!
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We have reported previously on the Department of Labor’s (“DOL”) intention to establish a fiduciary standard for those offering investment advice concerning retirement accounts (see SAA 2015-12).

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Corporate Actions Are Not Always Attributable to Board of Directors: Biotechnology Value Fund LP v. Celera Corporation
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No. 13-03248 (N.D. Cal., 2/28/14). 1934 Act (§14) * Misrepresentations/Omissions * Capital Formation Issues (Mergers & Acquisitions) * Fairness Opinions/Valuations * Compensation Issues * Pleading Requirements/Issues * Standing Issues (Privity) * Culpability Issues (Scienter).

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