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arbitration and nasd - All News and Analysis

• Knight's Long Journey

  - 2008-09-01

  * June 1999 John Hewitt joins Knight from Goldman Sachs as president * July 2000 Bob Stellato joins Knight from Goldman Sachs as head of institutional sales * November 2000 John Leighton, Knight's institutional sales desk manager, and his brother Joe Leighton, a Knight sales trader,...

  Tags: arbitration, NASD, SALES, SEC

• ARBITRATION PANEL STUDY FINDS BIAS

  - 2007-08-01

  MARY JANE SCHWARTZ, A 62-YEAR-OLD RETIRED NURSE from Cohasset, Mass., went through a bad patch in her life. Her husband of 30 years had left her, and her mother had died. All she had left was her $1.6 million inheritance, which she invested with Merrill Lynch. For a time, her...

  Tags: arbitration, Merrill Lynch & Co. Inc., NASD, Schwartz

• MORGAN TACTICS IRK INVESTORS

  - 2007-02-01

  Attorneys, as well as individual investors, say they were not surprised to hear that Morgan Stanley may have falsely fingered the 9/11 terrorist attacks as the reason the company couldn't produce millions of old e-mails that clients needed in arbitration cases. "Morgan Stanley is by far the worst...

  Tags: arbitration, attorney, E-mail, investor, Morgan Stanley, NASD

• 10th Circuit Rules on Immunity for ADR Provider

  - 2007-02-01

  On Feb. 20, 2007, in case of first impression, the 10th Circuit held that the National Association of Securities Dealers was immune from suit since the challenge was within the NASD's "judicial" function as an ADR provider. The investor in Pfannenstiel v. Merrill Lynch, Pierce, Fenner & Smith (No. 04-1274)...

  Tags: arbitration, immunity, NASD

• Changes to Securities Arbitration Approved

  - 2007-02-01

  The SEC recently approved a number of changes to the New York Stock Exchange and National Association of Securities Dealers arbitration procedures. On Dec. 11, 2006, the SEC approved a proposal to expand the use of the "random list arbitrator selection method" to all arbitration matters not involving customers, if...

  Tags: arbitration, NASD, SEC

• Securities America not off the hook yet? After losing $31.3 million in NASD arbitration claims, the broker-dealer may face more of the same in '07.(News)

  - 2007-01-15

  Byline: Bruce Kelly NEW YORK - Securities America Inc. lost a staggering $31.3 million in two NASD arbitration claims last year and could be on the hook for millions more in 2007, according to a plaintiff's attorney involved in the case....

  Tags: arbitration, NASD

• Requests Within Reason

  - 2007-01-01

  Q. I left my last firm almost two years ago and only recently sought employment with another brokerage firm. When my new firm filed a U-4 for me, I learned that I had been named in an arbitration almost a year ago. I never received any notice and just found...

  Tags: arbitration, Benefits, NASD, postponement

• DISCLOSURE AND DISQUALIFICATION STANDARDS FOR NEUTRAL ARBITRATORS: HOW FAR TO CAST THE NET AND WHAT IS SUFFICIENT TO VACATE AWARD

  - 2007-01-01

  INTRODUCTION Since the U.S. Supreme Court's decision in Gilmer v. Interstate/Johnson Lane Corp.,1 increasingly more employers require as a term of employment that the prospective or current employee agree to arbitrate any dispute, claim, or controversy arising between the employer and employee.2 Thus, claims of discrimination and retaliation under Title...

  Tags: arbitration, NASD, standards

• NOWHERE TO RUN, NOWHERE TO HIDE: THE IMPACT OF SARBANES-OXLEY ON SECURITIES ARBITRATION

  - 2007-01-01

  Securities arbitration is a "rigged system" that is unfair to investors. -William F. Galvin, Massachusetts secretary of the Commonwealth1 INTRODUCTION A. A Hollow Victory We won. For over two years, we won appeal after appeal in the New York state courts against a former Schwab and Co. independent investment advisor....

  Tags: arbitration, bankruptcy, creditor, debtor, financial, fraud, investor, Litigation, NASD, security

• NASD panel gives pilots arbitration award

  - 2006-12-28

  AIRLINE INDUSTRY INFORMATION-C1997-2006 M2 COMMUNICATIONS LTD

  Tags: arbitration, NASD