The Failure of Securities Arbitrations: Mandatory Understanding of the Lack of Investment and Product Knowledge and Application by Plaintiffs, Defendants, Experts, Arbitrators and Attorneys and the Implications to Arbitration and LitigationA real life examination of claims brought before FINRA regarding suitability and the knowledge of all entities in trying such cases. |
Contents
SECTION 1
Foreword | 1910 |
FINRA Financial Industry Regulatory Association | 1914 |
Overview | 1916 |
Initial steps to arbitrationlitigation | 1920 |
Is there a Legal Duty to the Consumer? | 1922 |
Suitability or Fiduciary | 1924 |
Industry MonikersThere are no Brokers | 1925 |
Investors Act of 1940 Section 208 | 1928 |
Inverted Yield Curve | 1971 |
Index versus Active Management | 1973 |
Fair Practice | 1975 |
Standard Industry Fare | 1977 |
Industry legality ethics and fiduciary duty | 1982 |
The Stock Market Game | 1984 |
Private Organizations | 1989 |
Arbitration Process | 1993 |
Industry knowledgean almost complete failure
Consumer knowledgean utter failure | 1930 |
Financial Literacy | 1932 |
Sophistication | 1939 |
Risk and the Consumer Questionnaire | 1942 |
The players | 1945 |
Securities Licenses and Registration Life Insurance and Annuities Licensing | 1953 |
Broker Continuing Education | 1955 |
Life Insurance and Annuities | 1956 |
Fundamentals of Investing | 1959 |
Asset Allocation | 1968 |
Decision Awards | 1995 |
Real Life Cases and Analysis | 1998 |
Communication | 2006 |
Arbitrator training | |
Arbitration reality | |
Conclusion | |
SECTION 2 | |
Conclusion | |
Curriculum Vitae | |
Common terms and phrases
addressed advisor agents areas asset allocation associated person attorney award background basic bonds broker brokerage firm Claimant client clueless commentary competency consumer continuing education correlation defined definition difficult diversification economics elements entities ethical expert expertise exposure facts Fannie Mae fiduciary duty figure Financial financial calculator financial consultant financial literacy financial planning find fine FINRA first focus Freddie Mac fundamentals of investing identified index fund individual stocks industry inflation insight insurance and annuities inverted yield curve investor issue Jim Cramer knowledge litigation mandatory material member or associated monikers mutual funds NASD Nassim Taleb never numbers offer overall plaintiff portfolio rates real life application reasonable recommended reflects regarding responsibility retail brokers risk of loss securities arbitration securities license SIFMA significant simply sophisticated specific standard deviation statement statistics stock market suitability rule taught trading understand volatility