Richard Ketchum, Chairman and Chief Executive of FINRA, testified before the House Financial Services Committee today in support of allowing the SEC to ban mandatory arbitration clauses in securities contracts. It is common practice for broker dealers to stipulate a mandatory dispute resolution forum in the event of a broker/client dispute.
Posts Tagged ‘Brokerage Account’
FINRA Supports Mandatory Arbitration Clause Removal
October 6th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Account Applications, Arbitration Clause, Broker Dealers, Brokerage Account, Capital Markets Subcommittee, Chairman Paul, Chief Executive, Contentious Subject, Cost Effectiveness, Dispute Resolution Forum, Fairness, Financial Services Committee, Finra, House Financial Services Committee, Ketchum, Mandatory Arbitration Clauses, Outright Ban, Paul Kanjorski, Securities Industry, Subcommittee Chairman 
No Comments »Bernard Madoff’s wife withdrew some $15.5 million in the weeks before his arrest
February 12th, 2009 Before You Invest Bernard Madoff’s wife withdrew some $15.5 million in the weeks before his arrest, Massachusetts regulators said yesterday. Massachusetts Secretary of the Commonwealth William Galvin is seeking to yank Cohmad Securities Corp.’s securities registration in the Bay State, accusing it of stonewalling his investigation of Madoff.
Posted in Finance Fraud Tags: 10 Million, 5 Million, Bernard Madoff, Brokerage Account, Feeder, Fraud, Investment Securities, Licensed Securities, Massachusetts Secretary Of The Commonwealth, Money Exchange, Prosecution, Prosecutors, Regulators, Secretary Of The Commonwealth, Securities And Exchange, Securities And Exchange Commission, Securities Dealers, Seizure, William Galvin, Withdrawals No Comments »Venture capitalist William “Boots” Del Biaggio III, 41, of San Jose entered his plea before U.S. District Judge Charles Breyer at a hearing
February 6th, 2009 Before You Invest former co-owner of the San Jose Sharks hockey team pleaded guilty Wednesday to securities fraud for bilking investors of millions of dollars in a series of schemes to help buy a stake in the NHL’s Nashville Predators and to pay off gambling debts.
Venture capitalist William “Boots” Del Biaggio III, 41, of San Jose entered his plea before U.S.
Posted in Finance Fraud Tags: Account Statements, Bank Of Commerce, Boots Del Biaggio, Brokerage Account, Business Expenses, Credit Card Bills, Federal Prosecutors, Gambling Debts, Heritage Bank Of Commerce, Judge Charles, Luxurious Lifestyle, Nashville Predators, Personal Checkbook, San Jose Sharks, Securities And Exchange Commission, Securities Fraud, Unrelated Business, Venture Capitalist, William Boots Del Biaggio, William Boots Del Biaggio Iii Comments Off
