Arbitration

The wirehouse is charting a litigious course since breaking with the Broker Protocol, and some observers think the scorched-earth campaign could harm its reputation.

The 84-year-old client wanted to preserve her wealth, but says her advisor made "unsuitable" asset allocations.

A FINRA arbitration panel concluded that the No. 1 IBD made false and defamatory statements in its U5 filings.

The firm invested the widow's money in oil and gas securities, real estate investment trusts and other investments that did not square with her conservative risk profile, her lawyer argued.

The regulator proposed rule changes that will make it considerably more difficult for advisors to erase customer complaints from their disciplinary records.

Morgan Stanley and one of its advisors were ordered to return the entrepreneur's investment in two private placement funds totaling $536,000 and pay him $37,500 in compensatory damages.

It’s not easy, but advisors who believe they were wronged can request their records be expunged, an expert says.

How advisors deal with grievances and arbitration can make or break a career.

Caleb Fackrell repeatedly called his behavior “insane” in his testimony, according to transcripts obtained by Financial Planning.

The widow argued that her advisor failed to confer with her about the investment strategy he and her late husband developed prior to her husband's sudden death.

The firm previously accused its former employee of using company stationery to continue to pass herself off as an Ameriprise advisor.

The award marks the largest of its kind this year.

FINRA rejected the advisor's claims as the firm resolved two longstanding compliance issues.

"This bill is a giant wet kiss to Wall Street,” Senator Elizabeth Warren says.

Advisors should address client issues in-house, which sometimes means taking a hard look at supervisory controls, regulators say.

The storm devastated Puerto Rico, which has seen a surge of client complaints.

In recruiting more women and minorities, the regulator aims to reshape its homogeneous roster of arbitrators.

The impartial conduct standards have boosted clients’ chances, a longtime arbitrator says.

The defendants profited more than $3 million by trading before and after mergers and acquisitions were announced, according to U.S. prosecutors.

Experts say such cases are commonly filed by advisors yet difficult to win.