Financial Advisor IQ (April 7, 2022) - The company says the judge’s ruling that it had manipulated the arbitrator selection process is not supported by evidence.
Wells Fargo is fighting back…
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In the Media
Wealth Management (April 7, 2022) - In a court filing, Wells Fargo argued there was "no evidence in the record" supporting the existence of a verbal agreement between its counsel and FINRA to exclude…
InvestmentNews (April 4, 2022) - Petitions to confirm or vacate awards are now more likely to be heard in state courts, where judges tend to be more skeptical of arbitration than their federal…
ABS News & Research (March 29, 2022) - A major LPL Financial hybrid RIA firm quietly settled a lawsuit brought by fraud victims alleging that its response to a former financial adviser’s scheme…
FinancialPlanning (March 28, 2022) - A major LPL Financial hybrid RIA enterprise quietly settled a fraud victim’s lawsuit alleging its response to a former financial advisor’s scheme was “as…
JDSupra (March 21, 2022) - As it was for the rest of the world, 2021 was an interesting year for the Financial Industry Regulatory Authority (FINRA). For those unfamiliar with ongoing developments at…
Financial Advisor IQ (March 17, 2022) - More than three dozen groups are urging the department to revise the exemption put in place in 2020 that allows firms to collect revenue-sharing fees.
The …
Financial Advisor (March 16, 2022) - A coalition of 40 consumer and investor advocate groups asked the U.S. Department of Labor to hasten the agency’s promised updates of its fiduciary rule to…
Wealth Management (March 16, 2022) - In a letter to the Labor Department, groups ranging from the Consumer Federation of America to the AFL-CIO urged the DOL to strengthen the fiduciary protections…
JD Supra (March 10, 2022) - As we approach year three of the COVID-19 pandemic, FINRA Dispute Resolution’s arbitration hearings are being heard both in-person and via Zoom. I think FINRA has done a…