Advisers Can't Force FINRA Arbitration: Calif. Court

Law360, New York (June 1, 2009, 12:00 AM EDT) -- Three investment advisers embroiled in a dispute with their former boss over trade secrets cannot force him into arbitration run by a self-regulatory organization, a California appeals court has ruled.

Sean Agahi will have to fight his dispute with former boss John Valentine in state court, the Court of Appeal for the State of California said in a ruling issued Friday.

Agahi and two other investment advisers had appealed to force Valentine into arbitration run by the the Financial Industry Regulatory Authority, to settle a dispute...
To view the full article, register now.