Securities Arbitration & ADR

  • Recovering over $12 million for a major global bank (and dismissal of employee counterclaims) after a series of arbitration hearings seeking enforcement of notes with their former employees.
  • Obtaining favorable settlement for a major global bank in a $20 million sales practice arbitration.
  • Obtaining dismissal for a broker-dealer client after a hearing in a $2 million sales practice arbitration.
  • Obtaining an expungement award after a hearing on behalf of the president of a mid-sized broker-dealer.
  • Defending client against “selling away” allegations.
  • Obtaining favorable settlements and awards for a wide-range of broker-dealer clients in other FINRA arbitrations nationwide involving sales practice, trading, employment, due diligence and other disputes.

Looking Forward

Securities arbitration at FINRA will continue to be the primary forum for the resolution of investor disputes with broker-dealers, notwithstanding attempts by the CFPB and others to eliminate pre-dispute arbitration agreements or otherwise limit the arbitration process. Such attempts were rebuffed this year, similar to other attempts since the U.S. Supreme Court in Shearson/American Express v. McMahon upheld such agreements 30 years ago. Recent years have seen a general decline in both the number of investor arbitrations filed as well as the number that went to hearing. At some point this unprecedented bull market will end, at which point we anticipate the number of filings will increase dramatically, especially by senior investors, given the demographics and recent increased focus by FINRA and state regulators.