Burr & Forman

10.24.2013   |   Articles / Publications

Burr Alert: FINRA Expungements: PIABA’s Press Release Recalls Mark Twain on Statistics

PIABA – the securities-investor plaintiff’s bar – issued an October 16 press release roundly criticizing industry self-regulatory rules allowing a broker to seek expungement of a customer-claim from her permanent record. PIABA’s release relies on blunt statistics showing that about 60% of arbitration awards containing the word “expungement” granted that relief (with a higher 89-96% rate for awards entered on settlements).

To download the full article, click here.

Subscribe for Updates

Receive the latest Burr news and insights delivered straight to you.

Subscribe

Related Attorneys