Brian Smiley comments in Wall Street Journal on PIABA’s petition to the SEC. Attorneys who represent investors have asked the Securities and Exchange Commission to drop a requirement that a securities-industry representative sit on arbitration panels.
Arbitration Tilting More Against Investors
Bloomberg quotes Brian Smiley about ‘institutional misconduct’ on Wall Street. Let’s say you had $50,000 in auction- rate securities that your broker said were as safe as money- market funds. The market collapsed and you sold at an 80 percent haircut. At your arbitration hearing, one of the three panel members works at a firm that also […]
Brian Smiley Completes Service as Public Member of the National Arbitration and Mediation Committee
Brian Smiley completed five years of service as a public member of the National Arbitration and Mediation Committee. The 13 members of the NAMC are appointed by FINRA to advise the Board of Directors of FINRA in the drafting of arbitration rules and the recruitment, training, and evaluation of arbitrators. The members of the NAMC are […]
Brian Smiley Authors Article in FINRA’s Official Arbitrator Publication
Brian Smiley co-authored an article for FINRA’s official publication for its arbitrators. The article, “Keeping the Arbitration Moving: Enforcing Discovery Deadlines and Legitimate Information Requests” emphasized the importance of arbitrators requiring parties to comply with discovery obligations and schedules. Brian’s co-author was Theodore A. Krebsbach, a well-known defense lawyer.
