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Blog Posts in October, 2011

More FINRA Claimants Choosing Non-Industry Panel of Arbitrators.

The New York Times website has an article today discussing the recent increase in FINRA claimants choosing non-industry arbitrators to oversee their arbitration. Previously, for claims eligible for a ...
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FINRA Issues Investor Alert: Companies in Bankruptcy Rarely Make Blockbuster Investments.

FINRA's latest Investor Alert warns investors of the risks of investing in companies that have filed for Chapter 11 bankruptcy. Specifically, the Alert addresses misleading and fraudulent ...
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On the U.S. Supreme Court Docket: Tolling Possible Under SEA § 16(b)?

The 2011-2012 Supreme Court term is poised to consider several interesting topics: Without a warrant, can police track a suspect by sticking a GPS on his vehicle? Is an FCC rule on "fleeting ...
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Historic Ruling From Second Circuit: FINRA Cannot Sue to Collect Fines

On October 5, 2011, the Second Circuit issued an enormous decision regarding FINRA's enforcement powers over its member persons and entities. In the case of Fiero v . Financial Industry Regulatory ...
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FINRA Issues New Investor Alert: Public Non-Traded REITs-Perform a Careful Review Before Investing

Yesterday, FINRA issued new Investor Alert warning investors to be wary of the risks surrounding the "publicly registered non-exchange traded real estate investment trust (REIT)" or ...
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Second Circuit Rules on Contested FINRA Jurisdiction Issue

On September 22 nd , 2011, the Second Circuit handed down its decision in UBS Financial Services Inc. v. West Virginia University Hospitals Inc., Docket No. 11-235-cv (Sept. 22, 2011) and, in so ...
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