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 | |
FINRA Financial Industry Regulatory Association | |
Overview | |
Initial steps to arbitrationlitigation | |
Is there a Legal Duty to the Consumer? | |
Suitability or Fiduciary | |
Industry MonikersThere are no Brokers | |
Investors Act of 1940 Section 208 | |
Inverted Yield Curve | |
Index versus Active Management | |
Fair Practice | |
Standard Industry Fare | |
Industry legality ethics and fiduciary duty | |
The Stock Market Game | |
Private Organizations | |
Arbitration Process | |
Industry knowledgean almost complete failure Consumer knowledgean utter failure | |
Financial Literacy | |
Sophistication | |
Risk and the Consumer Questionnaire | |
The players | |
Securities Licenses and Registration Life Insurance and Annuities Licensing | |
Broker Continuing Education | |
Life Insurance and Annuities | |
Fundamentals of Investing | |
Asset Allocation | |
Decision Awards | |
Real Life Cases and Analysis | |
Communication | |
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 defense diversification economics elements entities ethical expert expertise exposure facts Fannie Mae fiduciary duty financial calculator financial consultants financial literacy financial planner financial planning FINRA Rule focus Freddie Mac fundamentals of investing Further index fund individual stocks industry insight institutional customer insurance and annuities inverted yield curve Investment Adviser investment strategy 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 recommended regarding responsibility retail brokers retirement risk of loss securities arbitration securities license simply sophisticated standard deviation statement statistics stock market suitability rule taught trading valid volatility wrong