Filings Up, Staffing Increases Proposed, NASD-DR to Relocate? According to representatives of the two forums, new filings are up and are staying up. At the New York Stock Exchange, they surged 41% during 2001 and were especially high in the final quarter of the year. That increased level of activity […]
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Dispute Resolution Continued Criticism
NASD-DR Continues to react to criticism of its expertise ranking system NASD-DR continues to react to criticism of its expertise rankings for arbitrators by directing its arbitrators to explain the basis for any claims to expertise. The Neutral List Selection System was designed to operate on a rotational basis, so […]
Can A Defunct Firm Enforce An Arbitration Agreement?
Defunct firms can no longer enforce arbitration agreements Among the initiatives NASD has taken in response to the GAO’s 2000 Report on unpaid Awards is a new rule closing its arbitration forum to defunct members. The new rule, an amendment to NASD Rule 10301, was approved by the SEC in […]
Arbitration Briefs – Procedure Fault is Grounds for Appeal
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Failure to Follow Procedure May Be Grounds for Vacatur But only if the moving party preserved its objections during the arbitration process BROOK v. PEAK INTL., No. 01-50339 (5th Cir.., 6/13/02). The underlying arbitration, […]
Securities Arbitration: Florida , Unauthorized practice of law issue
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Arbitration: Florida and Out of State Attorneys Unauthorized practice of law in arbitrations? UPL & OOS ATTORNEYS: Planning to travel to Florida for an arbitration or mediation? Know about this proposal pending consideration before […]
Arbitrator Removal – Proposals to Remove Sitting Arbitrators
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Arbitrator Removal Proposals for Removal of Arbitrators Contemplated ARBITRATOR REMOVAL: What do you do when an Arbitrator on your Panel has a clear conflict and all routes to remove him/her have proved fruitless? Under […]
Appeal Does Not Extent Time to Pay Arbitration Award
A non-summary suspension proceeding for non-payment of an Award recently concluded with the suspension of a broker–dealer who is currently challenging the Award before the Ninth Circuit. Baraban Securities, nka Interfirst Capital Corporation, was held liable by a Portland-based Arbitration Panel for $53,400 in compensatory damages in February 2000 […]
SICA Arbitration Filing Statistics for 1999
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives SICA Arbitration Filing Statistics for 1999 SICA FILING STATS: We have previously reported that the NASD received 5,608 new filings in its arbitration program in 1999. SICA compiles statistics on arbitration filings, case closings, […]
NASD Online Arbitration Filings for Analyst Cases – Securities Law News Update, From the Securities Law Home Page
]]> Home | Message Board Home Search Arbitration Investors Brokers Finance Law Compliance Archives Analyst Conflict Cases Set for Online Filings at NASD Arbitration Introduction on online system moved up to accomodate analyst cases. NASD has submitted a rule revision to the SEC which would amend its claim […]
Solomon Smith Barney Reps Lose CAP Request
Archives Whose Money Is It Anyway? Solly Smith Barney Reps Lose CAP Request By Rick Weinberg Several former Salomon Smith Barney brokers seeking the authorization to start a national class action suit against the firm’s Capital Accumulation Plan (CAP) had their request rejected by a federal judge in Boston, according […]
