Securities Arbitration & ADR

  • Recovering over $12 million for a major global bank (and dismissal of employee counterclaims) after a series of arbitration hearings seeking enforcement of notes with their former employees.
  • Obtaining favorable settlement for a major global bank in a $20 million sales practice arbitration.
  • Obtaining dismissal for a broker-dealer client after a hearing in a $2 million sales practice arbitration.
  • Obtaining an expungement award after a hearing on behalf of the president of a mid-sized broker-dealer.
  • Defending client against “selling away” allegations.
  • Obtaining favorable settlements and awards for a wide-range of broker-dealer clients in other FINRA arbitrations nationwide involving sales practice, trading, employment, due diligence and other disputes.

Looking Forward

FINRA arbitrations are back in person, and an increasing percentage of cases will be heard in a live setting. Many cases were postponed during the pandemic because both claimants and respondents were hesitant to present their cases virtually and were convinced that their arguments would be more compelling if presented at in-person hearings. FINRA requires that all participants in live hearings – arbitrators, attorneys, parties, and witnesses – be fully vaccinated or provide negative PCR tests. Still, it is obvious that Zoom or hybrid hearings will continue to be an important part of the landscape going forward. Many parties appreciated the efficiencies and convenience of appearing online and avoiding the extra time and expense of travel. New case filings were down in 2021 due to the strong financial markets and the ongoing effects of the pandemic. We anticipate that the filings will rise back to historical levels as the markets become more volatile and more attorneys and potential litigants return to the office.