Tag: Arbitration

Compliance Other

NASD NAC Upholds Due Process Strikes Case because of delays

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The United States Securities and Exchange Commission is the federal agency charged with the regulation and oversight of the securities markets, public companies and securities professionals.(…)

” >SEC Lead in Upholding Rights to Due Process and Fundamental Fairness after 7 year delay in commencing proceedings. By Mark J. Astarita, Esq. Delays by regulators in bringing enforcement actions is a recurring problem for brokers and firms, as well as their defense counsel. As those of us who […]

Arbitration Brokers Compliance

Suitability – Brokers Have to be Their Own Judge

By Mark J. Astarita, Esq. seclaw.com/glossary/suitability/” class=”glossaryLink” data-cmtooltip=”

A broker who makes a recommendation to a customer  must have a reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable for the(…)

” >Suitability is an often misunderstood concept in the law. To most, it means that that brokers are required to ensure that their customers invest only in securities that are “suitable” for them. This oversimplification worries many brokers who, armed with this definition, often lament that […]