Free Consultation:
(800) 382-7969
Wall Street Journal
A securities arbitration panel is holding the senior executives of a defunct brokerage firm personally liable for money-losing bets made by its brokers. A Financial Industry Regulatory Authority arbitration panel last week ordered the top three officials of Allied Beacon Partners Inc. of Richmond, Va., to pay about $2.3 million to an Illinois restaurateur family. […]
Reuters
The long-time head of the Financial Industry Regulatory Authority’s arbitration unit will retire, the Wall Street watchdog said on Wednesday. Linda Fienberg, who joined FINRA’s predecessor organization, the National Association of Securities Dealers, in 1996, will step down from her post at the end of November, according to a statement from FINRA. A successor has […]
Los Angeles Times
Wade Bradley sells the Hollywood dream. But unlike the stories on screen, the ending isn’t always happy, some of his investors claim. Bradley’s Media Society Inc. solicits wealthy people to invest in a slate of independent films that it produces and distributes through a subsidiary, with the minimum investment set at $150,000. If the movies […]
InvestmentNews
The Securities and Exchange Commission will not act until at least this fall on a Finra proposal that would limit the number of people who qualify as public arbitrators to settle investor disputes. On July 3, the Financial Industry Regulatory Authority Inc. published the rule in the Federal Register. At that point, the SEC had 45 days to make […]
FINRA
The Financial Industry Regulatory Authority (FINRA) announced today the formation of a 13-member Arbitration Task Force to consider possible enhancements to its arbitration forum to improve the transparency, impartiality and efficiency of FINRA’s securities arbitration forum for all participants. “FINRA’s mission is to protect investors and support their confidence in the capital markets,” said Richard […]