Category: Stockbroker Arbitration

FINRA Issues Warning Over Non-Lawyer Arbitration Representatives

The Financial Industry Regulatory Authority (FINRA) recently released a statement warning investors that a number of non-lawyer representatives have exploited customer claimants they represented in FINRA’s arbitration and mediation forum. FINRA was made aware of this issue after customer claimants made allegations, reporting that their representatives took settlement money they were aware of, were represented… read more

Energy Investors Continue to Lose Money in 2017; Investors May Be Able to Recover Their Losses in FINRA Arbitration

The law firm of Meyer Wilson has successfully represented numerous investors in recent years who suffered significant losses in energy-related stocks, master limited partnerships (MLPs), and other similar investments. If your stockbroker or financial advisor improperly sold you energy-related investments that lost money, the lawyers at Meyer Wilson might be able to help you recover… read more

FINRA Pushes Along Proposals to Crack Down on Unpaid Arbitration Awards and High-Risk Brokers

The board of the Financial Industry Regulatory Authority (FINRA) recently moved to increase disclosures from firms and brokers that fail to pay arbitration awards and to strengthen the sanctions they place on brokers with disciplinary histories and the firms that hired them. These proposals will allow for the restriction of firm and broker activity while… read more

The SEC Just Released an Investor Bulletin Explaining the FINRA Arbitration Processes Involved in a Dispute with Your Stockbroker

On December, 20, 2016, the SEC’s Office of Investor Education and Advocacy issued a bulletin explaining the process involved when a customer of a brokerage firm has a dispute with the firm. The bulletin explained that if you’re involved in a dispute in the securities industry, it will generally be handled through arbitration rather than… read more

How to Get Your Money Back if You Invested with Michael Oppenheim

Last week, we reported that formerJP Morgan Broker Michael Oppenheim of New York had beencharged with stealing $20 million from his clients. According to the U.S. Securities and Exchange Commission, Oppenheim (CRD# 3021013) maintained his scheme from 2011 until October 2014, telling his clients that their money was going toward safe municipal bonds, all the… read more

Major Blow to Transparency Efforts of SEC Oversight of FINRA Arbitration

The U.S. Court of Appeals for the District of Columbia Circuit recently affirmed a trial court’s order denying an investors’ rights group’s Freedom of Information Act request for certain documents relating to the Securities & Exchange Commission’s (SEC) oversight of Wall Street’s mandatory arbitration program. At issue was a request by the Public Investors Arbitration… read more

SEC Advises Municipal Bond Credit Risk Assessment

Assessing Municipal Bond Credit Risk Key to Investor Protection, Says SEC Municipal bonds are debt securities issued by government entities. Investors lend the issuer money in exchange for a promise of regular interest payments and – once the security’s maturity date is reached – a return of principal. While investors typically believe the issuer is… read more

Who is a FINRA Arbitrator and What Difference Does the Arbitrator Selection Process Make?

Get the answer on our blog by the securities fraud attorneys at Meyer Wilson. Based on recent data, it seems investors have more control over the arbitration process.

Former University of Georgia Head Coach, Jim Donnan, Charged with $80M Ponzi Scheme

SEC Charges College Football Hall of Fame Coach Jim Donnan with Running $80M Ponzi Scheme College Football Hall of Fame inductee and former University of Georgia head coach Jim Donnan and his Ohio business partner, Gregory Crabtree, ran a three-year-long, $80 millionPonzi scheme that targeted college coaches, former players, and other investors, said the SEC… read more

SIPC Won’t Cover My Losses…Now What?

Answer: The Securities Investor Protection Corp.’s main purpose is to help investors recover securities and lost funds when those losses occur as the result of an insolvent or bankrupt broker-dealer. SIPC protection also covers investors whom have suffered losses as the result of unauthorized trading. Unfortunately, as many defrauded investors (like those defrauded in the… read more