Labor & Employment Law

Marc Dobin comments on FINRA Arbitration Claims

By Dobin & Jenks

Attorney Marc Dobin, Partner and Director of the Financial Services Divsion, LaBovick & LaBovick, P.A., was quoted in the May 2009 issue of Financial Advisor Magazine in the article, FINRA Arbitration Claims. The Financial Industry Regulatory Authority (FINRA) is seeing a sharp rise in the number of arbitration claims filed by irate investors seeking compensation from the securities industry for steep losses during the market downturn.

Mr. Dobin comments on how it is the financial advisor's responsibility to match the investment with the investor. The advisor should make recommendations that are suitable to a client?s investment objectives and financial situation. The article also highlights the 90% increase in the number of arbitration claims in 2009 (1,065 claims) over the prior year, 2008, which had a 54% increase in the number of arbitration claims from the prior year 2007.

The highlight is taken from May 2009 Frontline News Financial Advisor article on the rise in FINRA Arbitration Claims.

Full post as published by The Law Planet Blog on June 08, 2009 (boomark / email).