Is Complex-Investment Litigation Really Declining?

Law360, New York (December 2, 2013, 12:37 PM EST) -- In the wake of the financial crisis, the popular press and many politicians emphasized the negative impact that modern financial instruments had on unsophisticated individual investors. Many people believed that the proliferation of exotic new financial instruments meant that the financial institutions issuing them were far more sophisticated than the investors that bought them.

Indeed, starting in 2009, there was a substantial increase in the number of claims filed for arbitration through the Financial Industry Regulatory Authority,[1] and many of these claims alleged misrepresentation of financial...
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