Robert Herskovits News Today

In a decision that left out the details of alleged discrimination and tensions within the firm, a FINRA arbitration panel granted the broker's expungement request.

It's virtually unheard-of for financial services companies to go after their own lawyers, who wield immense power over their secrets. One expert calls it "playing with fire."

More financial advisors are accusing independent wealth managers of acting like wirehouses and other employee brokerages upon their departures.

A 38-year veteran financial advisor won a significant award in FINRA arbitration after a brokerage claimed he made unauthorized trades.

Critics of FINRA’s current system for removing client complaints from brokers’ records are seeking to vacate an arbitration award.

Arbitrators granted the wirehouse damages for payment of a promissory note but slammed the conduct of a “management-level employee.”

The U.S. brokerage arm of the Swiss bank must pay damages under a FINRA arbitration case otherwise found to be ‘clearly erroneous.’

An arbitrator ordered the minuscule payment despite taking the wirehouse to task in the ruling.

Despite standout defamation awards, such as a $13.5 million payout to an ex-UBS rep, advisors and attorneys say firms are abusing their U5 power.