Understanding conflicts of interest

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Brokerage firms, financial advisors and financial institutions in New York are involved in many different activities that could potentially give rise to a conflict of interest. The FINRA has many rules that are intended to reduce the potential for conflicts of interest. FINRA rules require that brokerage firms conduct thorough conflict-of-interest checks and disclose any […]

Ethical standards for financial advisors

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If you work with a financial advisor, you depend on their expertise to handle your finances appropriately. After all, they are supposed to be the experts. It is distressing if you find that your financial advisor made misrepresentations about the risk or character of the investments or sold investments that were not suitable for your […]

New FINRA rule will label firms that have history of misconduct

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The financial industry is rife terrain for broker misconduct. In an industry where people are judged on their profits, it is not uncommon for investors to be victimized by various forms of illegal activity in the financial sector. FINRA oversees the securities business and sanctions individuals and firms who violate the law. Still, many brokers […]

What is the difference between mediation and arbitration?

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There are different ways to resolve securities related disputes and two of those options are mediation and arbitration. Mediation and arbitration are two forms of alternative dispute resolution. The differences between arbitration and mediation Mediation and arbitration are proceedings typically used to resolve securities disputes with the Financial Industry Regulatory Authority (FINRA). Victims of broker […]

A guide to FINRA arbitration

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The Financial Industry Regulatory Authority (FINRA) is an organization designed to protect investors by ensuring broker-dealers operate ethically. One of the ways FINRA accomplishes this goal is by using the arbitration process to help settle disputes. Arbitration involves the use of an impartial intermediary who listens to the arguments from both sides. The arbitrator or […]