Securities Arbitration & ADR

Lionel André attorney profile image

Washington, DC

T: (202) 661-7039
F: (202) 661-7059

New York, NY

T: (212) 880-3583
F: (212) 880-3998
Elizabeth M. Del Cid attorney profile image

New York, NY

C: (646) 891-7905
T: (212) 880-3982
F: (212) 825-9828
Barry S. Gold attorney profile image

New York, NY

C: (347) 949-2054
T: (212) 880-3978
F: (212) 880-3998
Christina M. Hill attorney profile image

Washington, DC

C: (202) 480-5278
T: (202) 661-7017
F: (202) 661-7059
Theodore A. Krebsbach attorney profile image

New York, NY

C: (347) 758-2295
T: (212) 880-3975
F: (212) 880-3998
Victor A. Machcinski, Jr. attorney profile image

New York, NY

C: (347) 899-0524
T: (212) 880-3977
F: (212) 825-9828
Alexandra J. Marinzel attorney profile image

Washington, DC

C: (202) 680-4902
T: (202) 661-7033
F: (202) 661-7059
Katherine M. McGrail attorney profile image

New York, NY

Richmond, VA

C: (347) 899-0434
T: (804) 762-5370
F: (804) 762-5366
Andrew J. Melnick attorney profile image

New York, NY

C: (203) 984-8256
T: (212) 880-3580
F: (212) 880-3998
Heather B. Middleton attorney profile image

New York, NY

C: (347) 899-0544
T: (212) 880-3980
F: (212) 825-9828
For more information visit Our Team page.

Looking Forward

In light of the increased volatility in the financial markets in the last quarter of 2018, it appeared that securities arbitration filings were poised to increase. But the markets stabilized, and stock prices continued to climb. New case filings with FINRA decreased from January through September 201, falling by 12% compared to the same time period in the prior year. If the markets suffer reversals, new filings will inevitably grow. As investors transfer more of their assets to registered investment advisors (RIAs), we are seeing more claims filed in the AAA, the dispute resolution forum contained in many RIA customer agreements. We expect that trend to continue in 2020. Broker-dealers are also likely to face increased claims resulting from the SEC’s enactment of Regulation Best Interest (BI), which firms must comply with by June 3, 2020. New claims  are likely to arise because of the higher standard Regulation BI imposes on brokers, requiring them to recommend to their customers financial products that are in their customer’ best interests and to identify clearly any potential conflicts of interest and financial incentives the brer-dealer may have in recommending those products.