PIABA Report: Unpaid Arbitration Awards February 25, 2016

On February 25, 2016, the Public Investors Arbitration Bar Association (PIABA), published a report authored by its president and McCarthy Lebit Investor Claims attorney, Hugh D. Berkson, on the widespread issue of unpaid arbitration awards to investors. The full report, which can be viewed here, concluded that “one out of three investors who pursue their dispute with the industry all of the way through to a hearing and is awarded some damages receives no meaningful recovery because the award is not paid.” The report details the specific issues that have created this problem, such as most brokerage firms being underfunded and also offers solutions, such as a national recovery pool.

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