Finra Unpaid Arbitration Increased in 2017, PIABA Report Finds


Adjunct Professor George H. Friedman was quoted in an Investment News article about unpaid Finra arbitration awards.

The idea of Finra using its surplus to fund unpaid arbitration didn’t sit well with George Friedman, a former director of Finra arbitration who is now an adjunct professor at Fordham Law School. It could create a situation in which Finra may hope that customers don’t win arbitration cases, he said on the PIABA conference call.

“It concerns me that they’re being set up in opposition to successful investors,” Mr. Friedman said.

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