According to the director of the Office of Dispute Resolution, Richard Berry, FINRA is increasing efforts to enroll female arbitrators for its independent arbitration forum to boost representation and make the procedure fairer.
FINRA Report Exposes Investors Oblivious to Fees
FINRA Proposal on Unpaid Arbitration Awards Not Good Enough
FINRA Proposes Ban on Non-Attorney Reps in Arbitration
Majority of Investors Fail FINRA Investing Quiz
FINRA Warns about Broker Imposter Scams
What is FINRA Arbitration?
Most retail investors have never heard of FINRA, or the Financial Industry Regulatory Authority, until they’ve lost a lot of money due to broker misconduct or investment fraud. The first time they are likely to learn about the financial industry’s watchdog is when they attempt to sue their broker in a court of law and find that they can’t.
Investor Alert: Affinity Fraud
Affinity scams are frauds that rely on affinity groups in order to perpetuate themselves, hence the name. Affinity groups are groups of people, from small to very large groups, who are affiliated based on a common interest or identity. Examples of large affinity groups include religious groups and racial minorities, ethnic groups, law enforcement personnel, members of a country club, or an alumni network.