It may be better to fight than to make a deal when the Financial Industry Regulatory Authority’s (FINRA) enforcement division comes calling, according to an annual study of disciplinary proceedings by the...
Brokerage firms can say anything they like on a departing broker's Form U5, even if it's defamatory in nature and untrue. That's because the New York Court of Appeals ruled in Rosenberg v. MetLife Inc. that brokerage...
The lobbying group of plaintiffs’ lawyers who represent customers in disputes with their brokers is calling on FINRA and the SEC to “immediately halt” the practice that allows arbitration panels to...
WHEN YOU DECAMP one brokerage for another, your firm can say anything it wants about you on your Form U5 even if it's a lie, even if it's defamatory, just to punish you.
Nearly everybody seems to complain about arbitration (well, accept for the firms). In late January, the SEC tried to help improve the system by offering a new code of procedures for picking arbitrators. But as...
YOU CAN BARELY MAKE OUT THE FACE of Chaskie Rosenberg in the photocopy of a newspaper advertisement in his court file. In the late 1990s, Metropolitan Life Insurance Co. placed the ad in Hamodia, an Orthodox Jewish...
It is the rarest and most valuable coin in the world, designed by a famed sculptor at the request of President Theodore Roosevelt in 1905. It should never have been minted. And, for decades, the U.S. government has...
ALBANY—On Tuesday, the New York State Court of Appeals heard the appeal of Chaskie Rosenberg, a registered rep who was fired in 2003 by Metropolitan Life Insurance. The court’s decision could have a major...
The Securities and Exchange Commission on Jan. 24 approved a new code of procedures that govern arbitrations at the NASD Dispute Resolution. The changes were a long time coming: Some of them have been sitting at the...
