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Monthly Archives: November 2013

FINRA Fed Up with Unpaid Arbitration Awards

By Tom Costello of Costello Law Group  The Financial Industry Regulatory Authority (FINRA) is now considering a new requirement for brokerage firms: mandatory insurance coverage for the payment of an arbitration awards. This possible new requirement stems from customer frustration with firms not paying arbitration awards. Statistics from FINRA indicate that 11% of […]

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