Reuters
Ongoing efforts by regulators to give the public more details about financial advisers’ backgrounds still haven’t solved a key problem — getting more investors to use that information. The Financial Industry Regulatory Authority recently took a step toward resolving that issue. In a notice on Tuesday, FINRA invited suggestions from the public on possible improvements […]
Yahoo! Sport UK
Morgan Keegan & Co is hoping to recover money lost to a professional sports agent, who was awarded $400,000 in a securities arbitration ruling against the brokerage last week. The Memphis, Tennessee-based firm filed a court action in New York on Wednesday to overturn the ruling by a Financial Industry Regulatory Authority arbitration panel, which […]
Thomson Reuters
The head of Charles Schwab Corp on Thursday said the company will reimburse customers for arbitration fees in cases they file against the brokerage while a California federal court sorts out a legal dispute related to a regulatory action involving the company. “We have a fundamental disagreement” with the Financial Industry Regulatory Authority, said chief executive Walt Bettinger […]
Southern California Super Lawyers
In the past two years, Philip M. Aidikoff, a mild-mannered securities litigator with Aidikoff, Uhl & Bakhtiari, a boutique firm of six lawyers in Beverly Hills that primarily handles securities arbitrations, has grabbed headlines with back-to-back, record-setting decisions against Citigroup’s Smith Barney brokerage unit. When asked how he does it, Aidikoff smiles and points to […]
Investment News
After nearly a full year, the Financial Industry Regulatory Authority Inc.’s program to let investor plaintiffs exclude industry arbitrators from hearing panels has proved more popular than expected. So popular is the program, in fact, that it could ease concerns about industry bias and help quell calls to end mandatory arbitration. From the start of […]