PIABA Petitions the SEC to Remove the Mandatory Securities Industry Arbitrator From All Arbitration Proceedings Involving Public Investors and to Rest
The Public Investors Arbitration Bar Association ("PIABA") has directly submitted a rule change petition to the U.S. Securities & Exchange Commission ("SEC") that would provide all investors with the choice of whether to have a securities industry representative sit as an arbitrator on all customer-initiated arbitration proceedings that are administered by the Financial Industry Regulatory Authority ("FINRA").(1)
Shepherd, Smith, Edwards & Kantas Receives Million Dollar Arbitration Award Against Prudential Equity Group
Shepherd, Smith, Edwards & Kantas LLP (www.sseklaw.com), a national firm specializing in litigation and arbitration of cases involving securities fraud and brokerage firm misconduct, recently received an arbitration award (Case # 07-00712) on behalf of CASE Credit Union, a Lansing, Michigan based financial institution. The arbitration, which was held before the Financial Industry Regulatory Authority (www.FINRA.org), formerly the National Association of Securities Dealers ("NASD"), involved allegations of misrepresentation and omission of investments in Collateralized Mortgage Obligations ("CMOs") and CMO Interest Only strips ("I/Os").
Century-Old World of International Arbitration Takes on Challenges Posed by the Digital Age
The streamlined structure of international arbitration enables parties with divergent legal and cultural backgrounds to cut the red tape and quickly resolve disputes. But as the business world rapidly moves from paper to digital-only documentation, thorny questions related to electronic discovery loom large for international arbitrators, according to Mark S. Yacano, a shareholder in LeClairRyan's Discovery Solutions Group.
Related Searches
