Securities arbitration – Should you hire an attorney?

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Here is a well-written article, co-authored by FINRA and PIABA, about why investors who are considering securities arbitration should hire an attorney. Securities Arbitration – Should You Hire an Attorney? ***** The lawyers at Whiteman Law Firm have been representing investors in securities claims for over 30 years. We represent individuals and businesses who have suffered financial losses due to … Read More

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