Important Questions Investors Should Ask Their Financial Professionals Regarding Financial Professional Titles

Stockbroker Law - Wednesday, November 25, 2015
Important Questions Investors Should Ask Their Financial Professionals Regarding Financial Professional Titles

A joint investor bulletin of the North American Securities Administrators Association (NASAA) and the Securities Exchange Commission (SEC) suggests that investors should ask the following questions of their financial professionals who are touting their professional titles: 


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FINRA Dispute Resolution Statistics

Stockbroker Law - Wednesday, November 18, 2015
FINRA Dispute Resolution Statistics

The Financial Industry Regulatory Authority (FINRA) recently released summary of arbitration statistics as of August of 2015, including considerable historical statistics from previous year filings going back fifteen years to the year 2000. Top categories and filings include controversies involving margin calls, churning, unauthorized trading, failure to supervise, negligence, omission of facts, breach of contract, breach of fiduciary duty, unsuitability, misrepresentation, corporate bonds, certificate of deposit, mutual funds, options, common stock, limited partnerships, annuities, preferred stock, variable annuities, derivative securities, and auction rate securities. While the majority of cases originally submitted to arbitration are resolved for some, approximately 18% of all cases submitted are ultimately 25% decided by arbitrators with the balance being resolved through direct settlement by parties, mediation, withdrawal and other means of resolution. Additionally, recent statistics indicate that of the current available pool of 6,420 arbitrators in the United States, over 55% (3,543) of these arbitrators are categorized as non-public arbitrators meaning that they’ve had considerable previous affiliations with the Securities Industry. 


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The Financial Industry Regulatory Authority (FINRA) Issues "Understanding Investment Professional Designations"

Stockbroker Law - Wednesday, November 11, 2015
The Financial Industry Regulatory Authority (FINRA) Issues "Understanding Investment Professional Designations"

The Financial Industry Regulatory Authority (FINRA) has issued a web link article entitled “Understanding Investment Professional Designations” suggesting that investors learn more about financial planners, investment advisors, broker dealers, and particular professionals who may be representing themselves as having one of many professional designations, titles, initials, accreditations, certifications, or registrations.  This list can be unending and very confusing and investors are well-advised to familiarize themselves with these designations. To learn more about the different types of professional designations, click here


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How to Initiate an Arbitration or Mediation at FINRA

Stockbroker Law - Wednesday, November 04, 2015
How to Initiate an Arbitration or Mediation at FINRA

The Financial Industry Regulatory Authority (FINRA) maintains offices at Dispute Resolution designed to resolve investment related disputes through arbitration or mediation. The initiation of an arbitration claim requires the filing of a Statement of Claim and Uniform Submission Agreement (with the appropriate filing fee, at FINRA’s offices). 


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