Burr Alert: FINRA Expungements: PIABA's Press Release Recalls Mark Twain on Statistics
Articles / Publications
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).
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