Opinions 2/21/13: 4th U.S. Circuit Court of Appeals
5:53 pm Wed, February 20, 2013
Posted: 5:53 pm Wed, February 20, 2013
By Daily Record Staff
Arbitration under FINRA
BOTTOM LINE: A FINRA rule that allows “customers” of financial institutions to invoke mandatory arbitration did not cover individuals who purchased bonds indirectly, through a third-party broker, rather than directly from the financial institution during an initial public offering; the individuals were not “customers” of the financial institution because they did not ...
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