This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. On the heels of the October 16 effective date of a number of rule amendments affecting the expungement of customer dispute information, PIABA and its foundation have issued an updated report on expunging customer dispute information from the Central Records Depository (“CRD”). As we reported in SAA 2023-15 (Apr. 20), the SEC approved the final version of SR ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. FINRA’s proposal to amend the non-attorney representation rules has been published in the Federal Register.  As we were putting together SAA 2023-39 (Oct. 12) came word that FINRA had proposed changes to its non-attorney rep rules. Proposal in a Nutshell In brief: the authority on October 5 filed SR-FINRA-2023-013, Proposed Rule Change to Amend the ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. FINRA Dispute Resolution Services (“DRS”) has posted case statistics through August, with trends continuing to show a comparatively strong year in arbitration filings – especially industry cases – and a continued drop-off in mediations. Headlines We offer these headlines: 1) overall arbitration filings through August – 2,181 cases – are up 27 ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. A coalition of leading consumer advocacy groups has petitioned the Consumer Financial Protection Bureau (“CFPB”) to promulgate a rule allowing financial consumers the option to arbitrate after a dispute arises. The National Association of Consumer Advocates (NACA), Public Citizen, the American Association for Justice (AAJ), Public Justice, the National Consumer Law Center ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. The Supreme Court will be back in session on October 2. Here are some arbitration-centric cases worth tracking, as suggested by SCOTUSBlog. Certiorari Petitions this summer were filed in matters involving arbitration. We offer a primer on those cases worth following, as suggested in SCOTUSBlog’s “Petitions We’re Watching” section. Argent Trust Company v. Harrison, No ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. Relying on recently-announced Eleventh Circuit precedent — that the grounds set forth in FAA section 10 are the sole basis for challenging “foreign” awards under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (“UN Convention”), where the arbitration took place in the United States – the Court finds that the Arbitrators’ alleged lack ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. CSID recently released updated caseload stats. Although we tend to think that most investment disputes in the U.S. are resolved by FINRA, this is not entirely accurate. A case in point: the International Centre for Settlement of Investment Disputes (“ICSID”) just released its updated caseload stats through fiscal year 2023 (July 1, 2022 – June 30, 2023 ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. A bill has been introduced in the House to curb predispute arbitration agreement (“PDAA”) use in a range of transactions involving servicemembers.  Representative Katie Porter (D-CA) on August 1 introduced H.R. 5125, the purpose of which is: “to amend the Servicemembers Civil Relief Act [“SCRA”] to limit the use of arbitration to res ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. A new survey of over 1,000 American consumers: “reveal[s] that most consumers do not pay attention to, let alone understand, arbitration clauses in their everyday lives.” We excerpt below verbatim in bullet format the key findings by Roseanna Sommer of the University of Michigan Law School in What Do Consumers Understand About Predispute Arbitration Agreemen ..read more

This post first appeared on the Securities Arbitration Alert blog.  The blog’s editor-in-chief is George H. Friedman, Chairman of the Board of Directors for Arbitartion Resolution Services, Inc. The Ninth Circuit has acted on the remand from SCOTUS on whether FAA section 1 exempts delivery drivers, sticking with its original holding that it does. Domino’s Pizza had asked the Supreme Court to determine whether the Federal Arbitration Act (“FAA”) section 1 exemption for transportation workers extends to delivery drivers. The Court left this issue open when it decide ..read more