Law360, New York (December 16, 2008, 12:00 AM ET) -- The Financial Industry Regulatory Authority has laid out a method for investors who took losses stemming from purchases of auction rate securities to pursue consequential damages.
The special arbitration procedure detailed by FINRA Tuesday can be used by customers who are able to file for consequential damages as part of ARS-related settlements firms have reached with FINRA or the U.S. Securities and Exchange Commission.
Consequential damages are equal to the harm investors suffered and can include calculations of opportunity costs, or losses that resulted from an...
FINRA Unveils Special ARS Arbitration Option
To view the full article, take a free trial now.
