SECURITIES ARBITRATION ALERT 2021-02
George H. Friedman, Editor-in-Chief
January 21, 2021

We are experimenting with a new way of distributing the weekly Securities Arbitration Alert. Instead of sending a PDF file -- which seems to bother some corporate firewalls -- we are distributing the weekly Alert via a simple link, available here. The link leads to the weekly Alert you have come to expect. Give it a try and let us know what you think by emailing George@SecArbAlert.com.

Here's this issue's table of contents.

SQUIBS:
·        CFPB Consumer Financial Taskforce Issues Report: Hardly A Word About Arbitration
·        Penalty on the Play: No Arbitrator Involvement During Parties’ Negotiations

SHORT BRIEFS:
·        FINRA Posts 2021 Board Schedule. Next meeting is March 3 – 4
·        Biden to Nominate Gensler as SEC Chair and Chopra as CFPB Director
·        SEC Sued Over Changes to Whistleblower Program
·        Frivolous Motion to Vacate Based on Arbitrator Nondisclosure Results in Sanctions
·        ICC Issues Report on Fact Witness Memory Accuracy
·        Save the (Webinar) Dates: Annual NY City Bar Association’s Securities and Enforcement Institute is February 26 and March 19
·        Save the Dates: FINRA’s Virtual Annual Conference Set for May

QUICK TAKES:
·        Tzovolos v. Worldwide Flight Services, Inc., No. B302303 (Calif. Ct. App. 2 Jan. 4. 2021) (unpublished)
·        Melaas v. Diamond Resorts U.S. Collection Development, 2021 ND 1 (N. Dakota Jan. 12, 2021)
·        North Capital Private Securities Corp. v. CleanCapital LLC, FINRA ID No. 18-01840 (New
York, NY Nov. 25, 2020)

ARTICLES OF INTEREST:
·        Zwolankiewicz, Agata, Big Data, Bigger Disruption: Is Institutional Arbitration Ready? Arbitration Bulletin (December 1, 2020)
·        U.S. Supreme Court Will Not Hear Case Challenging Removal Protections for SEC’s In-House Judges, Globe Newswire (Jan. 12, 2021)
·        Wells Fargo Claws Back $3 Million from Jailed Ex-Broker, AdvisorHub (Jan. 12, 2021)
·        Lawyer Sues SEC Over New Whistleblower Rules, ThinkAdvisor (Jan. 13, 2021)
·        Third Circuit Holds That an Arbitration Award Was a Judicial Record and Must Be Unsealed, Lexology (Jan. 13, 2020)

DID YOU KNOW?
·        Securities Experts Roundtable Published Its Latest Free Newsletter