Advisors to be barred if they don’t pay fines March 9, 2016

As discussed in this article from Wealth Professional, FINRA is looking to bar financial advisors who do not pay arbitration awards to the investors they wronged. This consideration was spurred by Senator Warren’s reference to the PIABA Report, authored by McCarthy Lebit attorney Hugh D. Berkson, which details the large amount of arbitration awards to wronged investors that go unpaid, as well as suggestions to remedy the problem.

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