FINRA will Seek to Ban Compensated Non-Attorney Representatives from Arbitrations

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Whiteman Law Firm supports action by FINRA to ban compensated non-attorney representatives (“NARs”) from representing parties in securities arbitrations. FINRA’s Board of Governors met on December 12 and 13 for its fourth quarter meeting. The Board approved filing with the SEC proposed amendments to the codes of arbitration and mediation procedure to prohibit compensated NARs from practicing in the FINRA … Read More

A Third of FINRA Arbitration Awards Go Unpaid

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A third of FINRA arbitration awards are unpaid. Richard W. Berry, FINRA Executive Vice President of Dispute Resolution, recently provided a statement to the SEC Investment Advisory Committee on customer recovery in FINRA arbitration cases. According to Mr. Berry, “about a third” of cases in which FINRA arbitrators award damages to customers result in unpaid awards. Unpaid awards represent only … Read More

It’s time to have a serious conversation with your financial advisor.

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The bull market that began in mid-2009 may be over. According to a Bloomberg article posted earlier today, the stock markets closed at a 14-month low as a result of continued uncertainty over economic conditions, possible interest rate increases, and international trade policy. The S&P 500 is down nearly 5% this year. The current market volatility is usually indicative of an … Read More

Andrew Whiteman participates in public meeting on GenX contamination of Cape Fear River

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On December 4, 2018, Andrew Whiteman participated in a public meeting held at Cape Fear Community College in Wilmington, North Carolina. The purpose of the meeting was to discuss the status of the latest scientific research into the toxicity of chemicals found in in the Cape Fear River, the recent regulatory settlement between the North Carolina Department of Environmental Quality … Read More