Just how fair is FINRA arbitration?It may depend on how good you are at picking arbitrators.Firms are “able to better select arbitrators that are friendlier to them, which then biases outcomes in their favor,” three researchers said of a paper they submitted this month on FINRA arbitration to the National Bureau of Economic [...] The post FINRA arbitration has industry-friendly arbitrators appeared first on Stoltmann Law ..read more

Alpine Securities Corp. is appealing a federal court’s decision to allow the Financial Industry Regulatory Authority to continue its enforcement activities while the investment adviser’s challenge to its authority proceeds.The company’s filing Thursday came a day after the US District Court for the District of Columbia denied its request for a preliminary injunction.Alpine [...] The post Investment Adviser Brings Fight Against FINRA to Appeals Court appeared first on Stoltmann Law ..read more

Stonegate Capital Partners Updates Coverage on Los Andes Copper, LTD. (LA) Q2 2023Dallas, Texas--(Newsfile Corp. - June 9, 2023) - Los Andes Copper, LTD (TSXV: LA): Stonegate Capital Partners updates their coverage on Los Andes Copper, LTD. The full report can be accessed by clicking on the following link: Los Andes Copper Q2 [...] The post Stonegate Capital Partners Updates Coverage on Los Andes Copper, LTD. (LA) Q2 2023 appeared first on Stoltmann Law ..read more

Grayscale Investments® Files Request for Withdrawal of Voluntary Registration Statement on Form 10 for Grayscale Filecoin Trust STAMFORD, Conn., June 09, 2023 (GLOBE NEWSWIRE) -- Grayscale Investments® , the world’s largest digital currency asset manager and sponsor of Grayscale® Filecoin Trust (FIL) ( OTCQB: FILG ) (the “Trust”), today announced it has filed [...] The post Grayscale Investments® Files Request for Withdrawal of Voluntary Registration Statement on Form 10 for Grayscale Filecoin Trust appeared first on Stoltmann Law ..read more

Finra arbitrators ordered Pershing to pay $648,543 to three victims of R. Allen Stanford’s Ponzi scheme. The three-person, all-public panel ruled in a decision last Thursday that Pershing should have known that Stanford was perpetrating a massive investor rip-off when it served as the custodian and clearing firm for the Stanford Group Co. [...] The post Finra arbitrators order Pershing to pay $648,543 to Stanford Ponzi victims appeared first on Stoltmann Law ..read more

Alpine Securities Corp. is appealing a federal court’s decision to allow the Financial Industry Regulatory Authority to continue its enforcement activities while the investment adviser’s challenge to its authority proceeds.The company’s filing Thursday came a day after the US District Court for the District of Columbia denied its request for a preliminary injunction.Alpine [...] The post Investment Adviser Brings Fight Against FINRA to Appeals Court appeared first on Stoltmann Law ..read more

Less than a week into the new year, a 27-year-old truck driver from Connecticut might have given Robinhood HOOD a whole new thing to be worried about in 2022.On January 6, an arbitrator for the Financial Industry Regulatory Authority ruled that the zero-commission trading platform was liable for $29,460.77 in compensatory damages to [...] The post Opinion: A 27-year-old truck driver just became Robinhood’s first big headache of 2022 appeared first on Stoltmann Law ..read more

Changes to Illinois state pension benefits that may be needed to comply with federal Social Security rules carry an estimated $5.6 billion tab through 2045, according to an actuarial study published this week.State employees hired after 2010 get lower pension benefits than those hired before.Pension experts have long warned the Tier 2 benefits [...] The post Actuarial report puts $5.6B price tag on Illinois Tier 2 pension fix appeared first on Stoltmann Law ..read more

A former registered rep on Monday was ordered to pay $2.6 million in damages to his ex-wife in an arbitration claim that centered on margin, day trading and shorting stock. The broker, Barry Snyder, denied the allegations listed in the award, which was issued by a panel under the auspices of the Financial [...] The post Florida broker to pay ex-wife $2.6 million in Finra arbitration claim appeared first on Stoltmann Law ..read more

By Jeff Berman June 09, 2023 at 05:01 PM RBC fired Scott Matalon after he was arrested; the bar stems from a client complaint at Ameriprise. Nearly two years after a broker was arrested for allegedly beating a woman and holding her against her will in his home in Parkland, Florida, the Financial Industry [...] The post Ex-RBC, Ameriprise Broker Charged With Kidnapping Is Barred by FINRA   appeared first on Stoltmann Law ..read more