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Independence Day 2021 will be ushered in with a bang for FINRA Dispute Resolution Services (“DRS”) constituents yearning for a return to in-person arbitration and mediation hearings. The Authority updated its Webpage around noon Eastern time today (May 10) to reflect that in-person hearings will resume in most hearing locations on July 5. The Website now says: “Beginning July 5,…

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FINRA has issued a Regulatory Notice reminding industry parties on the proper use of predispute arbitration agreements (“PDAA”) in customer account agreements. Regulatory Notice 21-16, FINRA Reminds Members About Requirements When Using Predispute Arbitration Agreements for Customer Accounts, was issued on April 21. Why issue the Notice? “FINRA has become aware that customer agreements used by some…

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The COVID-19 pandemic hit all Americans in many ways, and the legal and alternative dispute resolution systems were no exceptions. About a year ago the Alert surveyed the major national ADR institutions to gather information on how they were coping. With the vaccination program well under way, we thought it was a good time to check back in,…

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FINRA Dispute Resolution Services (“DRS”) posted case statistics through March with the overall case filing decline unchanged from February, but with a major shift in the underlying details. In brief, the headlines are: 1) overall arbitration filings through the first quarter – 774 cases –  are down 18%, the same as in February; 2) customer claims are now up 6%; 3)…

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Our lead Squib in SAA 2021-13 (Apr. 15) reported that margin debt in February grew to a record $814 billion – up dramatically from a year ago – and examined what this might portend for securities arbitration. It prompted a Letter to the Editor from SAA Editorial Board member William D.  Nelson, that we’ve opted…

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