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 Unveils Special ARS Arbitration Option

Law360 (December 16, 2008, 12:00 AM EST) -- 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...
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.