Arbitration

A new rule addresses double jeopardy, but doesn’t apply in older cases.

The broker slashed her payment by pressing for funds she said the firm promised but never paid.

Stocks and Puerto Rican bonds are the focus of many cases among clients, advisers and firms.

The self-regulator is modifying its much-maligned process, addressing transparency and arbitrator qualifications, among other concerns.

The former planner says she was wrongfully terminated and that she did not agree to settle with the wirehouse.

One barred broker borrowed funds from clients without approval, according to FINRA.

Their attorney said he would instead file claims in arbitration.

The spat between the firms started when the regional BD recruited a group of advisers who collectively oversaw about $1.1 billion in client assets.

A husband and wife alleged they were advised to cash out nearly $1 million of their pension money for risky investments, according to their lawyer in FINRA arbitration.

The adviser had been employed with the firm for seven years prior to her dismissal, and had no disclosures on her BrokerCheck record.

Lawyers have filed FINRA arbitration claims alleging the bank deprived them of their bonuses.

"I lose years of my life. They can settle, write a check and move on," says an adviser whose book of business dropped by $40 million after he alleges he was wrongfully terminated.

The team accused the firm of preventing them from properly conducting business with their clients, a charge that a FINRA arbitration panel rejected.

Arbitrators also rejected the former adviser's counterclaims for $51 million in damages.

The firm also asked for the suits filed in federal court to be thrown out.

The former broker is accused of making false claims about his client list at Stifel to earn a compensation advance from another firm.

FINRA plans to add 1,000 new arbitrators this year to improve its troubled dispute resolution process, but offers few new details on some of its largest challenges.

The adviser contended that not a single one of her clients from Schwab transferred their accounts over to J.P. Morgan.

The adviser claimed PNC falsely accused him of not having met with two clients for their annual review and challenged the firm for writing him up for falsifying documents.

The firm failed to promptly liquidate his $3 million brokerage account, the client's lawyer argued during the hearing.