In the complex world of financial regulation, transparency is paramount to maintaining trust and confidence in the market. Investors rely on regulatory bodies like FINRA (Financial Industry Regulatory Authority) to hold financial professionals accountable for any misconduct and to ensure a fair and transparent marketplace. However, a recent disciplinary action against a financial professional raises…
Continue reading ›The duration of FINRA (Financial Industry Regulatory Authority) consumer arbitrations can vary widely depending on several factors, including the complexity of the case, the number of parties involved, and the availability of the arbitrators. On average, FINRA arbitration cases typically take around 18 months from the initial filing to the issuance of an award. However,…
Continue reading ›FINRA’s Secret Agreement To Rig Arbitrator Selection In 2022, a Georgia court issued a bombshell opinion that found that FINRA had made an illegal secret agreement with a lawyer, Terri Weiss, who represented brokerage firms in FINRA arbitrations. Specifically, FINRA told Weiss that it would make sure certain arbitrators that had served on one of…
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