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’
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.
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