Browsing Category "arbitration"

Credit Suisse's going-away present to the brokerage industry.

Credit Suisse's going-away present to the brokerage industry.

Posted by on Feb 3, 2016 in arbitration, Marc's Blog

So I’ve been in the securities business for over 30 years now.  For as long as I can remember, disputes between brokers and their firms went to NASD, then FINRA, arbitration.  The U-4 says it.  The FINRA Manual says it. […]

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Dobin Law Group Successfully Represents FONU2, Inc. in AAA Arbitration.

Dobin Law Group Successfully Represents FONU2, Inc. in AAA Arbitration.

Posted by on Oct 2, 2014 in arbitration, Marc's Blog

A single AAA arbitrator denied all claims for relief against Fonu2, Inc., a publicly-held company headquartered in Fort Lauderdale, Florida.  Summit Trading, Ltd., a Bahamian company owned by the Weast Family Trust, filed an arbitration related to a Consulting Agreement entered into […]

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FINRA Dispute Resolution Statistics Show No Advantage To All-Public Panel

FINRA Dispute Resolution Statistics Show No Advantage To All-Public Panel

Posted by on Apr 9, 2014 in arbitration, FINRA, securities

I keep waiting to be wrong.  In fact, there are many instances where I am wrong.  But I don’t think I am in this instance. FINRA has released its latest arbitration statistics and the hand-wringing and stat-twisting from the Claimants’ bar will […]

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The FINRA All Public Arbitration Panel Revisited

The FINRA All Public Arbitration Panel Revisited

Posted by on Nov 4, 2013 in arbitration, FINRA, Marc's Blog

Two months ago, I wrote a post about FINRA All-Public panels and how they don’t seem to make a difference. FINRA has released its statistics through September 2013 here. Guess what? Nothing has changed. The number of cases decided by […]

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Further proof of the toothlessness of corporate billing policies.

Further proof of the toothlessness of corporate billing policies.

Posted by on May 22, 2013 in arbitration, securities, Stockbroker issues

We are continuing to analyze Wells Fargo’s counsel’s bills. Aside from identical billing entries for both identical or differing amounts, it seems that the firm may have figured out a way to recoup its investment, then waste it, on electronic […]

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Corporate Billing Policies – Proof They are a Joke.

Corporate Billing Policies – Proof They are a Joke.

Posted by on May 20, 2013 in arbitration, securities

Within the last 20 years, corporate billing policies have become much more prevalent. This was a result, in my opinion, of lawyers and law firms becoming pigs and billing for ridiculous things and outrageous amounts. Most law firms, chastened by […]

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Things I learned at an arbitration with Wells Fargo Advisors last week.

Things I learned at an arbitration with Wells Fargo Advisors last week.

Posted by on May 15, 2013 in arbitration, securities, Stockbroker issues

As you might know, I handle a lot of securities arbitrations. I usually end up learning a thing or two during the course of the arbitration. I thought I’d share some things with you. 1 – Wells Fargo Advisors does […]

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Morgan Stanley Wealth Management Ordered to Pay 1 Million Dollars in FINRA Arbitration.

Morgan Stanley Wealth Management Ordered to Pay 1 Million Dollars in FINRA Arbitration.

Posted by on Jan 7, 2013 in arbitration, FINRA, Marc's Blog

We had the distinct privilege of representing Greg Torretta in an arbitration against Morgan Stanley Wealth Management (formerly known as Morgan Stanley Smith Barney). Greg worked for Morgan Stanley and its predecessor companies for 26 years. He started as a […]

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FINRA allows for special procedures for big cases.

FINRA allows for special procedures for big cases.

Posted by on Jul 6, 2012 in arbitration, FINRA, securities

FINRA announced this week the establishment of a pilot program for cases involving $10 million dollars or more. If your claim is $9.5 million, you’re not out of luck. The “pilot program” is available to any case, but they are […]

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Merrill Lynch fined for trying to avoid arbitration.

Merrill Lynch fined for trying to avoid arbitration.

Posted by on Jan 25, 2012 in arbitration, Stockbroker issues

I thought this smelled when I first heard about it. When Merill Lynch merged with Bank Of America, the retention awards were made by an entity called Merrill Lynch International Finance, or some such nonsense. And I heard that there […]

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