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,
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,
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).
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).