Skip to main content


SEC Approves FINRA Proposal to Give Investors Permanent Option of All Public Arbitration Panels

The Financial Industry Regulatory Authority (FINRA) today announced that the Securities and Exchange Commission (SEC) has approved its proposed rule change to provide customers in all FINRA arbitrations the option of having an all public panel. Historically, in cases with three arbitrators, the panels have been comprised of two public arbitrators and one arbitrator with […]

Read More

SEC Urges Uniform Fiduciary Duty For Brokers and Advisers

U.S. securities regulators on Friday called for a new uniform fiduciary standard for broker-dealers and investment advisers that would require them to put retail customers ahead of their own financial interests. The recommendations, laid out by the Securities and Exchange Commission in a study reviewed by Reuters late on Friday, would drastically alter the landscape […]

Read More

Securities America Loses $1.2 million FINRA Arbitration

A FINRA arbitration panel ordered Securities America to pay an investor more than $1.2 million in damages related to losses in promissory notes issued by Medical Capital Holdings Inc., which entered receivership in 2009. The sum included $250,000 in punitive damages. The case, decided on Dec. 31, was the first among dozens of arbitration cases […]

Read More

SEC Charges Kenneth Ira Starr

The Securities and Exchange Commission today charged Jonathan Star Bristol, attorney for former financial advisor Kenneth Ira Starr, with aiding and abetting Starr’s multi-million dollar fraud by allowing Starr to use Bristol’s attorney trust accounts to mask the misappropriation scheme. Beginning in November 2008 through Starr’s arrest in May 2010, more than $25 million of […]

Read More

Messing With J.R., Take Four

Not so fast, J.R. Larry Hagman, who played the rapacious oil tycoon J.R. Ewing in the 1980s hit TV series “Dallas,” recently won $11.6 million in a securities arbitration case against Citigroup. As DealBook reported last month, it was the largest arbitration award an individual investor received this year and the ninth largest award ever, […]

Read More