by Brian Mahany We have been seeing a number of large arbitration awards these days by the Financial Industry Regulatory Authority (FINRA). Claims against stockbrokers and investment advisors are usually sent to arbitration. Some believe that process is biased against the customer and in favor of the industry. Don’t try to tell that to First […]
Class Action vs Pursuing Your Own Securities Fraud Claim (2.0)
Less than 24 hours after posting “Why Sue Your Broker,” one reader sent me a link to a Reuters article announcing the settlement of a class action against Ameriprise. The facts aren’t as important as the lesson – class actions often result in low recoveries. In the Ameriprise case, clients of Ameriprise Financial Inc. sued […]