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Securities Fraud Blog

What are the Differences Between FINRA Arbitration and Mediation?

By McCabe Rabin, P.A. |

When you open a brokerage account, you most always agree to bring any future disputes that arise with your stockbroker or brokerage firm to FINRA for adjudication. This means you give up your right to a jury trial. FINRA offers both arbitration and mediation services. In a nutshell, mediation is where a neutral third-party… Read More »

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Will Trump kill the new fiduciary rule?

By McCabe Rabin, P.A. |

In the wake of the recent presidential election, speculation abounds that President-elect Trump will kill the Department of Labor’s so-called fiduciary rule, set to take effect in April 2017. Wall Street hates the new rule, as it imposes significant obligations upon them when dealing with IRAs and other retirement accounts. Prior to the new… Read More »

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Offers to Recoup a Lost Investment: Are They Legitimate?

By McCabe Rabin, P.A. |

If you have lost money in a securities investment, obviously you would be happy to recoup some of those funds. Many companies that offer assistance with recovering lost capital, however, are likely fraudulent. A company may sound credible, have authentic looking documents, and a fancy website, but if the deal sounds too good to… Read More »

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Can a FINRA Securities Arbitration Award be Appealed?

By McCabe Rabin, P.A. |

Yes, technically, but in reality, no. Under the law, a FINRA securities arbitration award can be appealed, but practically speaking, arbitration awards are rarely changed when appealed. Indeed, under the Federal Arbitration Act and the Florida Arbitration Act, a party has the legal right to file an action in court to vacate or modify… Read More »

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Arbitrating an Investor Case vs Suing in Court

By McCabe Rabin, P.A. |

An investor who is abused by his or her securities broker cannot sue in court. Instead, the investor must sue the broker or the brokerage firm in arbitration before the Financial Industry Regulatory Authority, otherwise known as “FINRA.” FINRA maintains its own arbitration forum that shares certain features of court litigation, but is also… Read More »

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Managing Finances After the Death of a Loved One

By McCabe Rabin, P.A. |

How to handle the finances after the death of a loved one. In September 2016, the Florida Office of Financial Regulation issued a Consumer Alert titled “Managing Finances After the Death of a Loved One.” The alert makes a number of helpful recommendations to take following the death of a family member or loved… Read More »

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Is Anybody Watching Your Broker?

By McCabe Rabin, P.A. |

The financial industry is highly regulated, and for good reason. People entrust their stockbrokers and financial planners with some of the most important decisions in their lives, namely, what to do with their hard earned life savings. Money is important, and especially for the elderly and retired, it cannot always be replaced. If money… Read More »

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Life Cycle of a FINRA Claim

By McCabe Rabin, P.A. |

Virtually every new account application with any brokerage firm contains a pre-dispute arbitration agreement. This agreement requires that any dispute you have with your stockbroker or brokerage firm be filed with the Financial Industry Regulatory Authority (“FINRA”) instead of being filed in court. The FINRA arbitration process differs from the court system in several… Read More »

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Prime Bank = Prime Fraud

By McCabe Rabin, P.A. |

Prime Bank Instrument Fraud If you have been approached to invest in “prime bank” instruments, don’t do it! It is a scam. Prime bank scams purportedly involve the trading of prime bank instruments issued or guaranteed by financial institutions such as the World Bank, the International Monetary Fund, or the U.S. Federal Reserve Bank…. Read More »

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Check Cashing Scams: Read This Before You Cash That Check

By McCabe Rabin, P.A. |

One scam still making the rounds is the fake check scam. The way it generally works is this. You receive an authentic-looking check in the mail that appears to be from a real company. Along with the check, you receive instructions to deposit the check and transfer a portion of the money to someone… Read More »

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