We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

FINRA Sets Up Arbitration Panels For ARS Cases

Law360 (August 7, 2008, 12:00 AM EDT) -- With lawsuits and settlements linked to the collapse of the auction rate securities market piling up, the Financial Industry Regulatory Authority announced Thursday that it had set up an arbitration process for auction rate-related claims.

Investors will be able to opt to have their claims against underwriters and issuers of auction rate securities heard before a three-person panel of arbitrators, FINRA said.

The arbitrators will not be affiliated with any firm that has sold auction rate securities since Jan. 1, 2005, according to the FINRA announcement....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.